Daily Chart Report ? Wednesday, April 3rd, 2019
Sponsored By:
Today’s Summary
Wednesday, April 3rd, 2019
Indices: US stocks were higher with the Dow Jones Industrial Average closing up 39 points or 0.15%. The Nasdaq was the strongest of the major indices gaining 0.60%.
Sectors: Materials led with a gain of 1.31% while Energy lagged, falling 0.96%.
Commodities: WTI Crude Oil futures were slightly higher by 0.16% to close at $62.46 per barrel. Gold futures were relatively unchanged, moving just 0.08% to settle at $1,294 per ounce.
Currencies: The US Dollar Index fell by 0.26%.
Interest Rates: The US 10-year Treasury yield moved higher to 2.528%.
Here are some of the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s chart of the day was shared on Twitter by Charlie Bilello (@charliebilello). As Charlie notes, all three of the major US averages are within 1% of printing new all-time highs. This is pretty mind-blowing when you remember the carnage and volatility that the stock market saw just a few months ago, at the end of 2018.
Quote of The Day
“The whole world is simply nothing more than a flow chart for capital.”
-Paul Tudor Jones II(American Investor)
One of the Tech Sector’s Top Dogs – Real Vision
Here’s a piece from Arthur Hill of StockCharts.com where he takes a look at the Biotech sector. He explains the sector has the potential to breakout here and presents some important levels to watch.Worldwide Rally – Bespoke
Bespoke put out this short note this morning highlighting the strength in global equities. They emphasize the fact that stocks aren’t just rallying here in the US but around the globe as well.
Doing the Impossible – Howard Lindzon
This morning on Howard Lindzon’s blog, he touched on the fact that the S&P 500 is only 2% away from printing fresh all-time highs. It’s a short read, check it out!
Emerging Markets About to Party – Greg Harmon
Technician and trader, Greg Harmon shared this blog post today where he lays out his bullish thesis on Emerging Markets
Top 10 Tweets