Daily Chart Report ? Wednesday, September 25th, 2019
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Today’s Summary
Wednesday, September 25th, 2019
Indices: US stocks were higher in today’s session with the Dow Jones Industrial Average gaining 163 points or 0.61%. The S&P 500 and Nasdaq rose 0.62% and 1.05%, respectively. The Russell 2000 was the strongest of the major indices gaining 1.11%.
Sectors: Technology led, gaining 1.19%. Health Care lagged, falling 0.49%.
Commodities: Crude Oil futures moved lower by 1.33% to $56.56 per barrel. Gold futures dropped 1.80% to $1,513 per ounce.
Currencies: The US Dollar Index rallied 0.70%.
Interest Rates: The US 10-year Treasury yield moved higher to 1.737%.
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 John Kicklighter (@JohnKicklighter). It’s a daily chart of Crude Oil futures over the past 12 months. The chart emphasizes the roller coaster ride that the commodity has been on recently. Last Monday, Crude Oil had its largest single-day percentage gain in over two decades. Price gapped up over 10% and went on to close up 14.56% that day. Crude Oil has given back nearly that entire move in just seven trading days. John points out that today’s intraday lows filled the gap or ‘window’ that was formed from last Monday’s price action.
Quote of The Day
Top Links
What the Latest Options Activity Signals for the Fourth Quarter – Bloomberg
Greg Bender and Abigail Doolittle discuss options activity in the S&P 500 and the High Yield Bond ETF $HYG.
Stock Market Burlesque – Michele Schneider
Michele Schneider touches on yesterday’s price action and outlines some noteworthy industry group trends.
Momentum Stocks are Out of Favor This Month, But One Analyst Sees a Comeback – CNBC
Head of Technical Analysis at Oppenheimer, Ari Wald argues that momentum stocks will regain strength.
Making the Bear Case for US Stocks – All Star Charts
In this video, JC Parets and Steve Strazza ponder the bear case for US Equities.
Is Alibaba in Trouble? – Real Vision
Tom Thorton of Hedge Fund Telemetry was featured on Real Vision today to lay out his bearish thesis on Alibaba ($BABA).
Top 10 Tweets
You’re all caught up now. Thanks for reading!