Welcome to “Daily Charts”. This section of the website is largely focused on select technical charts we find of interest as opposed to in depth market analysis. None of these charts constitute a trade recommendation, but you may find them helpful for your own analysis.
More detailed market reviews and analysis will be found in the also public “Market Analysis” section of the site. This is where we post more in depth content such as the popular “Weekend Chart” segments.
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On to charts: Markets remain engaged in a giant game of pong which involves the movement of price between trend lines dutifully played by the algo programs that continue to dominate trading which has made for great trading actually.
On a chart it looks like this:
In practice it looks like this: No seriously, check it out:
Volatility was saved again from breaking out higher:
And stocks below their 50MA remain on a downward sloping path:
Maybe OPEX will knock markets out of this box:
We have a notion, let’s see what happens 😉