Christmas In July Starts Now 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Jeffrey Hirsch.
June has delivered its typical seasonal weakness, with the Nasdaq posting its two worst daily declines of the year during this month.
That weakness may now be setting the stage for a rebound into July, as today kicked off the first session of the 12-day Midyear Rally.
Since 1985, the Nasdaq has posted a median return of 2.9% during this period, finishing higher 78% of the time.
The Takeaway: The market is entering one of its most favorable seasonal windows.
More Great Charts
The S&P 500 has declined for five straight sessions, even as more stocks advanced than declined each day.
View the full post from Optuma.
Recent price action has produced a variety of chart patterns, offering several ways to interpret the current market structure.
See the whole tweet from Frank Cappelleri.
The American Association of Individual Investors (AAII) survey shows bulls overtaking bears for the first time in six weeks.
Check out the entire post from Neil Sethi.
The Equal Weight S&P 500 is on pace for its second-best month of relative outperformance versus the cap-weighted S&P 500 in more than 20 years.
Read the full article from Bespoke.
Breadth is broadening, but the crowd's flows haven't followed in small-caps.
View the complete post from RenMac.
Nvidia is making new 52-week lows relative to the Nasdaq.
Examine the entire tweet from Roy Gulluoglu.
The Healthcare Sector ETF is on the verge of breaking out to new all-time highs.
Check out the whole post from Rotational Investing.
Regional Banks are breaking out to new 4-year highs.
Read the full analysis from Arthur Hill.
The U.S. 10-Year Yield and U.S. Dollar Index have decoupled on a 50-month rolling basis.
Examine the entire tweet from Dylan Tanen.
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