My Daily Five: Island Reversal on VTI, The “Market Mindset Meter”, Summer Seasonality And Two Of The “10 I’m Stalking” This Week

Today, I kicked off the week by hosting another episode of “Your Daily Five”, one of our newest series on StockCharts TV where we bring you a concise, action-packed daily rundown of the five most important charts that you need to be watching. Weekdays at 1:00pm ET, each day features a new host, which means five top charts and key insights from a different seasoned technician every single day of the week.

On today’s edition, I took a look at the “Island Reversal” that has formed on the Vanguard Total Index (VTI). I also ran through what I call my “Market Mindset Meter” chart, which includes the inverted equity-only put/call ratio ($CPCE) charted on top of the S&P 500 with the $VIX displayed below. It’s a powerful visual that helps gauge the character of the market and the mindset among traders that’s driving it.

I also pulled up a 20-year seasonality chart for VTI and discussed the historical price patterns you should be aware of as we head into the summer months. Finally, I closed it out by highlighting two of the individual stocks from my “10 I’m Stalking” list this week – AYX (Alteryx) and CRWD (CrowdStrike).

Be sure to catch today’s “Your Daily Five” episode below!

Money In, Eyes Open.

– Grayson Roze

VP of Operations,

Author, Trading for Dummies (Wiley, 2017)

Author, Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016)