Today's Chart of the Day was shared by @AmandaZmolek
Caterpillar is testing a level that may determine the next move for the beaten down industrials sector.
Get the full breakdown in today's report plus more great charts. ⬇️
https://t.co/t4DNq28HwW
SPX has bounced off the lower BB. Until it closes below the lower band the market may still be in an uptrend and make a new ATH. As you can see at the June and July lows, a single close below the lower BB is not enough to confirm a downtrend. It has to be a sustained down move.
US Army 75th Ranger Regiment. A military intelligence officer with the Regimental Military Intelligence Battalion (RMIB) finishes his 12 mile ruck (35lbs+).
He finished in 1:36:06, which averages out to just over an 8 minute mile pace.
Few things reveal our priorities more clearly than how we spend our time.
Money can be replaced. Possessions can be recovered. But an hour that passes never returns.
Invest your time carefully in your faith, your family, your growth, your purpose, and the people who matter most.
No Consumer Discretionary stocks made new 52-week highs yesterday, while 10.6% made new 52-week lows. The cyclical sector continues to struggle.
Read more here: https://t.co/UVRSuPDnnK
A snapshot of $MarketBreadth:
% of solana:J3NKxxXZcnNiMjKw9hYb2K4LUxgwB6t1FtPtQVsv3KFr stocks > 200 DMA = declining ~62%
% of solana:J3NKxxXZcnNiMjKw9hYb2K4LUxgwB6t1FtPtQVsv3KFr stocks > 50 DMA = declining rapidly, now below 50%
$NYSE new yearly highs = new lows
$NYSE new yearly lows = reaching the highest levels since the March correction
$NYSE A/D = broke support of prior highs
$McClellan Oscillator = reached oversold levels
*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
$NYMO & $NAMO
- NYMO not yet, NAMO starting to get into oversold territory, another down day may get this to a more extreme short-term condition for NAMO
@klavs_@kamikazecash it's wild how much of this game is psychological
low ego = open mindedness
open mindedness = surrendering the idea of individual ability skills > QQQ CAGR
obtains QQQ 10 year CAGR and smiles
$TSLA i'd be careful chasing tesla here, it is not the stock it used to be
there is room on the 4 hour and daily SMI - can't wait to see what happens
still no position
solana:J3NKxxXZcnNiMjKw9hYb2K4LUxgwB6t1FtPtQVsv3KFr could not be more coiled right now.
As you measure the gap between the two fast EMAs and the 30-day SMA, when the gap shrinks relative to ATR - especially with PPO sitting right on 0, that generally tells us we're coiling for an upcoming directional move.