Daily Chart Report ? Monday, July 22nd, 2019

Patrick Dunuwila
July 22, 2019

Sponsored By:

Today’s Summary
 Monday, July 22nd, 2019

Indices: US stocks were higher in today’s session with the Dow Jones Industrial Average gaining 18 points or 0.07%. The Nasdaq was the strongest of the major averages, gaining 0.71%. The Russell 2000 was the weakest, falling 0.20%.

Sectors: Technology led, gaining 1.15%. Consumer Staples lagged, falling 0.58%.

Commodities: Crude Oil futures moved higher by 0.77% to $56.21. Gold futures were unchanged, settling at $1,426 per ounce.

Currencies: The US Dollar Index rose 0.13%.

Interest Rates: The US 10-year Treasury yield ticked lower to 2.05%.

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 on Twitter by Ryan Detrick of LPL Financial Research (@RyanDetrick). It’s a seasonality chart showing the average annual performance of the S&P 500 in a pre-election year, like 2019. Pre-election years tend to be some of the strongest years for the stock market, in the four-year presidential cycle. However, Ryan points out “the catch” is that they tend to peak in mid-July and chop sideways until the end of November. The S&P 500 is up about 19% so far in 2019. If history is any guide, the S&P 500 may need to pause and digest some of its first-half gains into the back half of the year.

Quote of The Day

“Las Vegas is busy every day, so we know not everyone is rational.”

– Charles Ellis (Investment Consultant)

Top Links

The Silver Lining - The Chart Report
Precious Metals have been getting a lot of attention as they've been breaking out to multi-year highs recently. In this report, we take a look at Silver in particular, and what it could be signaling for the entire Precious Metals space.

Talking Volatility, Equities, and Sectors on TD Ameritrade Network - Thrasher Analytics
Andrew Thrasher shared this video on his blog of a recent interview that he did to TD Ameritrade Network. In the clip, he offers his perspective on volatility, stocks and the sectors of the S&P 500.

Precious Metals Not Taking a Breather - The Bear Traps Report
Here's an in-depth analysis of the breakout in Precious Metals from The Bear Traps Report. The piece is packed with charts that gold traders/investors should be watching right now.

2019 Market Action Points to Positive Long-Term Outcomes - Chris Ciovacco
Chris Ciovacco discusses a shift in breadth that occurred at the start of this year and why he thinks it's bullish for the market in the long-run.

Presenting the Bull Market Vacation Cheat Sheet - StockCharts.com
In this article, David Keller outlines his vacation cheat sheet, a simplified list of conditions that the market needs to maintain in order for him to remain bullish.

Top 10 Tweets

Upcoming Events

Filed Under: