Recovering Corp ๐บ๐ธ. Passion for Mkts. Ties to Tax. Love 10-Ks, Ocean & Charts. Stay Hungry. Stay Foolish. Chief Mkt Strat @allstarcharts. Co-Host Morning Show
Momentum spikes in both directions at inflection points
The recent exhaustion and initiation readings for semis relative to the S&P 500 are eerily similar to the signals from early 2000 when the dot-com bubble burst
solana:5XqMbyZbtse5UQUzgrYMpeWLWLR6BWFqUm5H3VAWpump $SPX
Today's Chart of the Day was shared by @sstrazza
Semiconductors relative to the S&P 500 have broken down from a multi-month top as their 5-week rate of change plunged to -26.5%, a sequence eerily similar to what we saw in 2000 when the dot-com bubble burst.
Get the full details in today's report plus more great charts. โฌ๏ธ
https://t.co/YHfOMDnKD0
Today on The Morning Show
@JC_ParetsX@SJisrael and @sstrazza discuss the most important monthly candlestick charts. Plus @bclund joins us.
Live here at 8:30 https://t.co/mI7dbGxYOa