Daily Chart Report π Tuesday, June 27, 2023
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Todayβs Summary
Tuesday, June 27, 2023
Indices: Nasdaq +1.75% | Russell 2000 +1.46% | S&P 500 +1.15% | Dow +0.63%
Sectors: 10 of the 11 sectors closed higher. Consumer Discretionary led, rising +2.15%. Health Care was the only sector that closed lower, falling -0.23%.
Commodities: Crude Oil futures dropped -2.41% to $67.70 per barrel. Gold futures fell -0.52% to $1,924 per oz.
Currencies: The US Dollar Index fell -0.24% to $102.51.
Crypto: Bitcoin gained +1. 23% to $30,645. Ethereum dropped +1.58% to $1,888.
Interest Rates: The US 10-year Treasury yield rose to 3.768%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today's Chart of the Day was shared by Conor White (@ConorWhiteRJ). It's a daily candlestick chart of the Airlines ETF, $JETS, over the past ten months. The heaviest-weighted stocks in this ETF are, $DAL, $LUV, $AAL, $UAL, and $SKYW. Airlines were the best-performing industry group today, with $JETS soaring +4.41%. Hawaiian Airlines ($HA) was the biggest contributor, as the stock flew +19.12%. Conor points out that we can add Airlines to the growing list of industry groups making new 52-week highs. Today was the first 52-week high for $JETS in more than two years, marking a change of character for Airlines.
Quote of the Day
βOptimism often sounds like a sales pitch,
pessimism sounds like someone trying to help you.β
Morgan Housel
Top Links
AAPL Shatters Its January 2022 Record: A Historical Perspective on Future Performance - Day Traders Playbook
With Apple breaking out to all-time highs, Yuriy Matso looks how the stock has performed after past breakouts.
Renaissance Macro's Jeff deGraaf is Bullish on the Market but Still Bearish on Banking - CNBC
In this clip, Jeff deGraaf explains why he thinks the market is headed higher.
Heavy Outflows From Energy ETFs - Thrasher Analytics
Andrew Thrasher examines what large outflows from Energy ETFs could mean for the sector in the near term.
July Historically Opens Strong, But Fades After Mid-Month - Almanac Trader
Jeff Hirsch looks at how the major averages have historically performed in July.
Top Tweets
Prior resistance is acting as support for now. $SPY pic.twitter.com/RSjSlBg2mE
β Michael Nauss, CMT, CAIA π¨π¦ (@MichaelNaussCMT) June 27, 2023