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Ticker Appearances

Wed, December 20, 2023 | 1:40PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Wed, December 20, 2023 | 1:40PM ET
Fractional gains today out of major indices, and still seeing Small-cap strength, though the large-cap gains inGOOGL -0.17% AMZN 1.55% HD 1.89%  are serving to hold indices "in the green" despite six of 11 sectors being down in trading. Energy and REITS are Sector Standouts today, along with +0.33% gains in Industrials. this might not be apparent with XLI given the FDX decline which is negatively affecting the Transportation Avg, but stocks like CAT along with Rail and Trucker strength, not to mention Airlines (LUV -3.03% ) are helpful to why the Equal-weighted Industrials group is positive. Outside Equities, Bitcoin is finally making a strong move to break its triangle pattern today and crypto is largely positive. Silver is leading precious metals today and US yields are fractionallly lower but have stablized in recent days along with US Dollar- SPX continues to have resistance at 4818, which following the most overbought daily RSI reading since Jan 2018, might offer some near-term resistance to this rally- See the Transportation Avg -0.50% loss whch hasn't made a dent in the ongoing uptrend
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Trending tickers in our research
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^Prices as of 2024-07-26 16:15:15