Daily Chart Report ? Monday, April 15th, 2019
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Today’s Summary
Monday, April 15th, 2019
Indices: US stocks were slightly lower today, with the Dow Jones Industrial Average closing down 28 points or 0.11%. The Russell 2000 was the weakest among the major indices, falling 0.41%.
Stocks: Goldman Sachs ($GS) sold off nearly 4% today on the heels of its Q1 earnings release. After breaking above its YTD range last week, we now have what looks to be a failed breakout.
Sectors: Consumer Staples led, gaining 0.59%. Real Estate lagged, falling 0.68%.
Commodities: WTI Crude Oil futures were lower by 0.59% to settle at $63.51 per barrel. Gold futures moved lower by 0.33% to settle at $1291 per ounce.
Currencies: The US Dollar Index was relatively flat, changing just 0.04%.
Interest Rates: The US 10-year Treasury yield slipped to 2.556%.
Here are some of the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s chart of the day was shared on Twitter by @OddStats. It’s a long-term chart of the S&P 500 with orange markings for every time the Volatility Index ($VIX) went from over 20 to under 12 within 60 trading days. A lot of folks are talking about the VIX and think it has come down too far too fast. This chart is a good answer to those fears as it proves that the collapses in volatility are perfectly normal in bull markets. It acted as a decent warning sign at the market top in 2007, however, it happened numerous times since then without any bearish consequences.
Quote of The Day
“Headlines, in a way, are what mislead you. Because bad news is always a headline and gradual improvement is not”
– Bill Gates (Founder of Microsoft)
The Dow Jones Industrial Average Today – All Star Charts
In this piece, JC Parets does an in-depth chart analysis of the 30 components of the Dow Jones Industrial Average.
Dogs of the Dow 2019 – Bespoke
This note from Bespoke takes a look at how the famous Dogs of the Dow Strategy has fared so far in 2019. This buy-and-hold strategy tracks the performance of the 10-highest dividend yielding Dow components each year.
S&P 500 Chart Storm – Callum Thomas – Topdown Charts
Here’s Callum Thomas’ weekly chart storm where he gives his market outlook and takes a look at sentiment among market participants. This piece is packed with interesting charts.
A Quick Look Into Healthcare – MurphyCharts
This post from Shane Murphy is a deep dive into the Healthcare sector. He takes a look at a few different charts and highlights the underperformance from the group.
Strategas’ Chris Verrone on Why Disney is a Good Stock for the Long-Term – CNBC
On Friday, shares of Disney ($DIS) broke out to new all-time highs and had their best day in nearly a decade. Chris Verrone was on CNBC this morning making the case for being long and describes the chart as something technicians dream about.
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