With second quarter earnings season just beginning Power Charting looks at a selection of stock market chart studies. Prior Point & Figure horizontal count studies are revisited to determine if price objectives are being met. Bullish Percent breadth studies are updated to see if internal characteristics of the market support the continuation of the uptrend. The McClellan Summation Index for the NYSE and the NASDAQ Composite is studied and compared.
Concluding with a case study of the ARK Innovation ETF to the 2000 NASDAQ Composite and the Bullish Percent Indicator.
Symbols: $NDX $COMPQ $SPX $NYA $INDU IWM ARKK
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