Daily Chart Report ? Tuesday, May 21st, 2019
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Today’s Summary
Tuesday, May 21st, 2019
Indices: US stocks were higher in today’s session, with the Dow Jones Industrial Average closing up 197 points or 0.77%. The Russell 2000 was the strongest of the major indices finishing up 1.33%.
Sectors: Materials led, gaining 1.54%. Staples lagged, falling 0.21%.
Commodities: WTI Crude Oil futures fell slightly by 0.16% to settle at $62.99 per barrel. Gold futures fell 0.23% to $1,274 per ounce.
Currencies: The US Dollar Index rose 0.10%.
Interest Rates: The US 10-year Treasury Yield moved higher to 2.43%.
Here are some of the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s chart of the day was shared in a note from Bespoke. It’s a ratio chart showing the performance of Airbus ($EADSY) relative to Boeing ($BA), going all the way back to 2001. They explain “When the line is rising, Airbus is outperforming Boeing and vice versa“. They add that “the ratio of the two share prices has moved back and forth in a range for the past two decades.” Airbus has been underperforming Boeing for a good portion of the last decade, however, that might be about to change by the looks of this ratio chart.
Quote of The Day
“You can’t build a reputation on what you’re going to do.”
– Henry Ford (Founder of Ford Motor Company)
It's been a choppy environment for US stocks lately however we're noticing that Insurance stocks have been holding up nicely. In this report take a look at the insurance stocks that we think are presenting solid risk/reward opportunities right now.
The IPO Game - The Chart Report
You've probably noticed that the IPO market has been heating up lately. In this report, we take a look at how investors should participate in these new issues in a responsible way.
The Rally in Restaurants - The Chart Report
Restaurant stocks have been showing relative strength lately. In this piece, we share some of our favorite chart setups among the restaurant industry group including $WING, $DRI, $DENN, and $WEN.
Stop the Financial Pornography! - Of Dollars and Data
The Chart Report was founded on the idea that traditional financial media tends to sensationalize normal market moves. This piece from Nick Maggiulli addresses the click-bait nature of financial media and how it's often misleading.
Prepare for Turbulence: Flying Vs. Trading - Real Vision
David Keller, CMT is the president of Sierra Alpha Research and an avid aviation enthusiast. He made an appearance on Real Vision today to talk about some of the lessons that flying has taught him about trading and investing.
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