failed at the 200-day, surprise surprise
I was on JC’s podcast this week, enjoy!
We have a breakout, a low-volume re-test, and then follow-through.
Josh and JC on the biggest charts for May
NEW best charts for April
Subscribe! Today on the Untitled Chart Show, JC Parets of All Star Charts and Downtown Josh Brown take a look at the biggest trends in the markets right now, including: ►The highest VIX ever for a less than 5% S&P 500 decline – fear is everywhere ►Financial stocks (XLF) struggling to bust back above overhead…
“one could argue that a new bull market for small-caps is just beginning”
The percentage of NYSE stocks above their 200-day average peaked at 82% last week, its highest tally since May 2013.
Welcome to Big Trends Monthly with Josh Brown and JC Parets of All Star Charts.
Energy stocks have been locked in an unbelievable downtrend for so long, we almost take it as a given that they’ll continue to shrink as a percentage of the S&P 500 (and, eventually, as a force within our economy). In the meanwhile, gasoline demand is back to almost pre-Covid levels already. We’re driving again. I…