Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

8 Market Charts Show What's Bullish, What's Not

Published 03/16/2021, 01:08 AM
Updated 07/09/2023, 06:31 AM

The bulls continue to run the show. There’s no doubt about that. Let’s see what Wednesday (Fed Day) has in store, but for now, here are some indexes ranked from most bullish to least.

First we have the Dow Jones Composite, which is simply raging higher every single day. It has broken above its wedge and is at a lifetime high.

COMP Chart

Similarly, although a little more subdued, the small caps have the same situation.

RUT Chart

And, so too does the S&P 500. This one is at least still within the confines of its wedge, as opposed to floating out in the stratosphere like the Dow Composite.

SPX Chart

The land of tech stocks hasn’t been quite so unabashed. In fact, there are still a few drops of bearish blood coursing through the veins of the NASDAQ Composite.

COMPQ Chart

As well as the NASDAQ 100.

NDX Chart

Although the semiconductor index is virtually identical to the chart above, it is worth showing, since its channel break is so clean.

SOX Chart

The oil sector remains, bless it, still prone to a true downturn. There’s not much wiggle room, though.

XOI Chart

Finally, volatility has been smothered in its crib. This is basically as low as volatility has ever been permitted to go since COVID took hold.

VIX Chart

Latest comments

your a blessing
What about small caps and value stocks?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.