The Chart of the Day…  Quick Glance at the Market Heat Map and Industries Notables: Outside of Bank of America – is there any different in the last two day’s heat maps? Basic Materials led the way south. AAPL is possibly looking at a sub-$500 share price.Â
But the reversal indicator is hitting extremes Today is shaping up to be a game-changing day in the market.  Over the past few weeks we had been waffling back in forth, breaking out of a bear-flag pattern and breaking the trend-line off of the 6/4 lows. That my friend, is pretty significant – Particularly
Be sure to join SharePlanner starting at 7pm tonight for your Election Live Stream Party. Republican or Democrat we don't care. Ryan will be providing his commentary from the time the first polling results come in until a winner is declared.Â
The Chart of the Day… In the past 25 elections if the Dow is lower than pre Labor-Day, the Challenger wins. If it is higher, then the Incumbent wins. If the Dow finishes 22 points lower tomorrow. It’s bad news for Obama. Quick Glance at the Market Heat Map and Industries Notables: A very mixed
The Chart of the Day…  Quick Glance at the Market Heat Map and Industries Notables: As you’ve seen already in this post… Apple was a drag on the market. Basic Materials was hideous. Services was the only sector that had any glimmer of green.Â
The Chart of the Day… Think about this chart when you are heading to the polls next Tuesday and ask yourself whcih candidate is most likely to curb the unsustainable growth of debt to GDP.  From SocialTrade Quick Glance at the Market Heat Map and Industries Notables: Tech has come alive! Banks, particularly JPM
The Chart of the Day…  Quick Glance at the Market Heat Map and Industries Notables: Health care and materials struggled Financials and the bigs held strong. Technology was spotty at best.
SharePlanner Reversal Indicator not quite ready for the reversal yet The last three weeks have been some what tortuous for the bulls. Two of those weeks have been down notably, while the week in-between gave promise early on of a full market recovery, only to be knocked right down and nearly wiping out the week's gains.Â
The Chart of the Day…  Quick Glance at the Market Heat Map and Industries Notables: Basic Materials was on fire and recovered nicely. Healthcare did great as well. All other sectors were muted/mixed.Â