DJIA
--
-- (-- )
LAST|--
NASDAQ
--
-- (--)
LAST|--
S&P 500
--
-- (--)
LAST|--
SSEC
--
-- (--)
LAST|--
HSI
--
-- (--)
LAST|--
By Master Wu Master WU
On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.

Daily Review

2021.09.02

You may easily find dozens of long-term charts that literally showing unprecedented divergence. To me, however, this one ranks among TOP 3 of the most crashy: NYSE Stock-only Advance-Decline index. This index not only diverges from the broader market for over 4 months, its MACD also dropped below the zero line and struggled to get over it. Normally, this is VERY BEARISH.

BTW, September has been the most bearish month over the last 20 years, as noted by @Adam Mancini. Also, according to @Michael Venuto “we haven’t seen the S&P this far above its long-term average since the late 1990s.” The Chart of Evergrande, China’s and World’s largest real-estate developer, is scary, to say the least. 

Comment (0)

TODAY'S TRENDING STOCKS

DAILY INFORGRAPHIC