Daily Chart Report ? Wednesday, June 12th, 2019
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Today’s Summary
Wednesday, June 12th, 2019
Indices: US stocks were lower in today’s session with the Dow Jones Industrial Average falling 44 points or 0.17%. The Russell 2000 managed to eke out a small gain of 0.05%.
Sectors: Utilities led, gaining 1.30%. Energy lagged, falling 1.41%.
Commodities: WTI Crude Oil futures dropped 4.11% to settle at $51.08 per barrel. Gold futures were higher by 0.45% and are trading around $1,337 per ounce.
Currencies: The US Dollar Index rose 0.31%.
Interest Rates: The US 10-year Treasury yield fell to 2.122%.
Here are some of the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s chart of the day was shared on Twitter by David Keller (@DKellerCMT). It’s a chart comparing the performance of the S&P 500 ($SPY), Emerging Markets ($EEM), Developed Markets ($EFA) and Frontier Markets ($FM), since the end of April. As you can see, Frontier Markets have significantly outperformed the rest of the pack. The Frontier Markets ETF, $FM is comprised of stocks from the riskiest and least economically developed countries in the world including Vietnam, Kuwait, and Argentina. The fact that investors prefer these countries over some of the more developed countries indicates risk appetite, which we think is positive for equities on a broader scale. For a deeper-dive into Frontier Markets check out our newest report.
Quote of The Day
“Everybody has a plan until they get punched in the mouth”
– Mike Tyson (Professional Boxer)
Top Links
Frontier Markets have been one of the hottest areas of the market lately. In this report, we examine the Frontier Markets ETF, $FM and outline how traders should play this opportunity.
Market Thoughts from David Settle - The Chart Report
In this report, we cover the technician, David Settle's current market outlook. He touches on stocks, interest rates, and the US Dollar.
Ford Shines within a Rather Dull Auto Group - Arthur Hill - StockCharts.com
Arthur Hill of StockCharts.com points out that shares of Ford ($F) have been showing relative strength compared to their industry group. He also likes how the chart is set up and thinks it has the potential for further upside from here.
Coffee About to Heat Up and Breakout? - Kimble Charting Solutions
In this short read, Chris Kimble takes a look at the weekly chart of Coffee futures. He notes that Coffee has fallen nearly 60% in the past five years but is now shaping up for a potential rally.
I Discovered Technical Analysis by Necessity - All Star Charts
In this video, JC Parets explains how he became interested in Technical Analysis years ago. He details the various aspects of the discipline that were the most attractive to him.
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