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The Chart of the Day...

 

missed LULUlemon opportunity

 

 

Quick Glance at the Market Heat Map and Industries

heat-map of the S&P 500

Notables:

  • This specific heat-map color arrangement seems to becoming far too regular on the Evening Tape. 
  • The three industries you don't want to see lead to the downside: Financials, Materials, and Technology all led to the downside today. 
  • Utilities were the closest thing to a 'flight-to-safety' play that was out here. 

SharePlanner Market Compass:

Stock-Market-Compass-Downtrend

I wouldn't be surprised to see another similar day to today, before we get a sizable bounce. I just don't smell the fear yet. . 

And of course...the RIDICULOUS!


You'd hope that it was some not-so-bright intern that didn't double check the book cover before airing it... but nooooo, journalism in America has become incredibly lazy, and the main source for news broadcasts is either 1) Google Images or 2) YouTube

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ryan1Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>

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