Top 5 Charts of the Day – March 5th 2021

Energy is the most important sector to watch in 2021.

This could be the start of a Major recovery – but remember what I said in December:

Past cycles had lots of Trend *and* Trading opportunity.

The Trend has been nearly perfect. Be prepared IF things change – especially now. pic.twitter.com/kDlbKf7PlX

— Macro Charts (@MacroCharts) March 5, 2021

Yesterday was the biggest split in almost 40 years.

There were so many stocks hitting 52-week highs AND 52-week lows on both the NYSE and Nasdaq that it registered the 2nd most extreme reading since 1984.

Split markets have a strong tendency to be "not bullish." pic.twitter.com/91Z4kFEDOM

— SentimenTrader (@sentimentrader) March 5, 2021

My latest Chart In Focus article, "Bitcoin’s Quirky Leading Indication for Stocks", is posted at https://t.co/2a1rgoxJ6V. pic.twitter.com/jBIAbVLscI

— Tom McClellan (@McClellanOsc) March 5, 2021

With many comparisons to late-90s, interesting to note that S&P 500 Tech peaked in March 2000 but market ex-tech didn’t peak for another 14 months, when Tech sector had already fallen by 55% @bcaresearch @Refinitiv pic.twitter.com/tNt9TBjYWr

— Liz Ann Sonders (@LizAnnSonders) March 5, 2021

GameStop is the new VIX. pic.twitter.com/tURfplrxot

— Bespoke (@bespokeinvest) March 5, 2021