How ChartSmarter CEO Suggests Playing Twitter Before Earnings

The video discusses the S&P 500's technical analysis, highlighting its drop below the 100-day moving average and potential bearish patterns. Doug Bush provides insights on the S&P 500's future trends and Twitter's market position ahead of its earnings report. The video also covers the utilities sector's performance, noting its strength against the tech sector.

What is the significance of the 100-day moving average in the recent S&P 500 analysis?

• It is a common benchmark for long-term trends.

• It indicates a bullish market trend.

• It was a support level during previous sell-offs.

• It is used to calculate the RSI.

What potential pattern is Doug Bush suggesting might form in the S&P 500?

• Cup and handle pattern

• Triple bottom pattern

• Head and shoulders pattern

• Double pattern

What is the significance of Twitter's chart performance according to Doug Bush?

• It is underperforming compared to the NASDAQ.

• It shows a bearish trend.

• It is below the 100-day moving average.

• It has a strong double bottom pivot.

What is notable about the utilities sector's performance?

• It is the only major S&P sector showing gains.

• It is underperforming compared to tech.

• It has not shown any significant movement.

• It is experiencing its worst month since 2003.

What does the breakout of utilities against tech indicate?

• A bearish trend in utilities.

• A bullish trend in tech stocks.

• A potential shift in market focus.

• A decline in the overall market.