Looking at Relative Strength trends in various sectors relative to $SPXC over the last 6 months....
$HealthCare & $Financials - leading
$Energy $Materials $Discretionary $Tech - improving
Looking at Relative Strength trends in various sectors relative to $SPX over the last 6 months....
$HealthCare & $Financials - leading
$Energy $Materials $Discretionary $Tech - improving
*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
Breakaway gap today in $NDXEW but momentum doesn't seem to agree, as the RSI is failing to move beyond 70, as it did at former highs back in June
*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
This morning I joined the @SchwabNetwork to cover the Chart of the Day for $ONON and break down the technical levels in the near and long term https://t.co/11vNyj88kl
*Not a recommendation
Focusing on the $Energy sector by charting these and a few others today in our "Trading Price Patterns" webcast today at 1pm ET: https://t.co/zo0DzKw2Ht
Massive bullish reversal formations breaking resistance and others nearing completion as momentum accelerates in the $Energy sector
(Measured objectives shown - Price patterns are not guarantees)
$CVX $XOM $APA $COP
*Schwab does not recommend the use of technical analysis as a sole means of investment research.
*All names and market data shown above 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
$CrudeOil has been trading within a longer-term bearish/descending channel for the last 6 months.
Since the short-term bullish reversal in $Crude prices over the last 5 trading sessions, volume has been lighter than its 50-day average, indicating a lack of participation in the rally....
@SchwabResearch
*Schwab does not recommend the use of technical analysis as a sole means of investment research.
*All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.
*Chart courtesy of thinkorswim
Chart of the day:
The $Energy sector is forming an inverse head & shoulders formation relative to $SPX which could suggestion a rotation back into that sector over the coming weeks
*Schwab does not recommend the use of technical analysis as a sole means of investment research.
*All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.
Yesterday afternoon I joined the @SchwabNetwork to discuss the following:
- Technical levels in $SPX with a possible momentum reset
- Short term strength in $CrudeOil with a lack of participation/low volume
- Bullish reversal setups in $Energy stocks and $XOM with the key levels to watch
- Constructive repair and bottom completion in $Metals as a result of a weaker $USDollarIndex
- Technical setup to keep an eye on in the $miners space with $AG at a confluence of resistance
Watch here: https://t.co/qwof32pCcN
*Not a recommendation
Don't usually post this type of "flow"... but someone snapped up roughly 6k $SPX 0dte 7450 long calls over the last 15min or so.
Data via @OptionsDepth