The Chart of the Day…

predicting Large Gap downs

 

Quick Glance at the Market Heat Map and Industries

heat-map of the S&P 500

Notables:

  • That seriously could be the ‘reddest’ map that I’ve seen in a LOOOONG time. 
  • Not  much else can be said. Everything was awful.
  • You could get a sun burn looking at this heat map for too  long. 

SharePlanner Market Compass:

Stock-Market-Compass-Downtrend

I wavered between ‘pullback’ and ‘downtrend’ but decided to go with the latter and that’s based on the number of lower-lows that are now in place. 

And of course…the RIDICULOUS!

Two weeks out from an election, and you can cut the tension with a knife, so let’s change the mood up a little, and put a touching video that’ll put a smile on your face. 

You Might Like

  • Trading Market Corrections with Swing Trading Strategies

  • The Anatomy of a Short-Term Bounce

  • January Barometer: As January Goes