My new weekly article, "Technical Analysis Weekly" made its debut this afternoon!
Read here weekly: https://t.co/Z3x7q5G7KD
Going forward, this weekly article will be published mid-morning on Monday's on https://t.co/mvkJy3pivB
Truly a dream of many years that has come true! 🙌 Thank you Lord and thank you @SchwabResearch 🩵
Today I joined @sam_vadas on @SchwabNetwork to give a run-down of the technicals on the S&P 500 and the Russell 2000.
These and others are published in my brand new "Technical Analysis Weekly" article here every Monday: https://t.co/Z3x7q5FzV5
*Schwab does not recommend the use of technical analysis as a sole means of investment research
*All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security
Chart of the day:
Downside momentum in #Technology relative to #SPX appears to be losing steam after a period of relative weakness
*Schwab does not recommend the use of technical analysis as a sole means of investment research
*All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security
*Chart source: thinkorswim
#ConsumerStaples has enjoyed a strong advance, but trend and momentum appear to be easing as the sector approaches potential resistance near the upper end of a nearly 7-month range.
*Technical patterns are subject to failure
*Schwab does not recommend the use of technical analysis as a sole means of investment research
*All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security
*Chart source: thinkorswim
“Chart of the day: #Discretionary
The more times a trendline is tested, the more closely technicians may monitor that level if it is ultimately broken.
Following a failed breakdown near yearly lows, the #ConsumerDiscretionary sector relative to #SPX appears to have broken above a year-long descending trendline, a development technicians may view as a potential improvement in relative strength.
Technicians may keep a close watch on this group, as periods of absolute outperformance are often preceded by improving relative strength.
*Past performance is no guarantee of future results
*Schwab does not recommend the use of technical analysis as a sole means of investment research
*All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security
*Chart source: thinkorswim” @RachelDashCS
Chart of the day: #Discretionary
The more times a trendline is tested, the more closely technicians may monitor that level if it is ultimately broken.
Following a failed breakdown near yearly lows, the #ConsumerDiscretionary sector relative to #SPX appears to have broken above a year-long descending trendline, a development technicians may view as a potential improvement in relative strength.
Technicians may keep a close watch on this group, as periods of absolute outperformance are often preceded by improving relative strength.
*Past performance is no guarantee of future results
*Schwab does not recommend the use of technical analysis as a sole means of investment research
*All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security
*Chart source: thinkorswim
My new weekly article, "Technical Analysis Weekly" made its debut this afternoon!
Read here weekly: https://t.co/Z3x7q5G7KD
Going forward, this weekly article will be published mid-morning on Monday's on https://t.co/mvkJy3pivB
Truly a dream of many years that has come true! 🙌 Thank you Lord and thank you @SchwabResearch 🩵
My new weekly article, "Technical Analysis Weekly" made its debut this afternoon!
Read here weekly: https://t.co/Z3x7q5G7KD
Going forward, this weekly article will be published mid-morning on Monday's on https://t.co/mvkJy3pivB
Truly a dream of many years that has come true! 🙌 Thank you Lord and thank you @SchwabResearch 🩵