Today on the Untitled Chart Show, JC Parets of All Star Charts and Downtown Josh Brown take a look at the biggest trends in the markets right now, including:
►The highest VIX ever for a less than 5% S&P 500 decline – fear is everywhere
►Financial stocks (XLF) struggling to bust back above overhead supply dating back to 2007
►Checking in with the Dow Jones Internet Index (FDN), which includes Amazon, Facebook, PayPal, Netflix and Google
►Silver futures explode higher, but still a lot of distance between here and all-time highs
►A list of the most heavily shorted stock on Wall Street
►JC finds a silver miner worth taking a look at
►Since crude oil went negative, the CRB commodities index and the Emerging Markets ETF have been beating the S&P 500
Check out AllStarCharts.com for more and send an email to candles@allstarcharts.com to receive JC’s report on the most shorted stocks. Be sure to email them with password “Freshly Squeezed” for their exclusive short report!
Candlestick charting originated in the 1700’s as speculators in the rice markets of feudal Japan saw the advantage of visualizing the four most important prices of the day: Opening, closing, high and low. As each month comes to an end, every investable asset class produces a new candle on its monthly chart. These are most notable monthly candles and the stories behind them.
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