Daily Chart Report ? Thursday, September 26th, 2019
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Today’s Summary
Thursday, September 26th, 2019
Indices: US stocks closed lower in today’s session with the Dow Jones Industrial Average falling 80 points or 0.30%. The S&P 500 and Nasdaq were lower by 0.24% and 0.58%, respectively. The Russell 2000 underperformed the rest of the major indices, sinking 1.12%.
Sectors: Real Estate led, gaining 0.94%. Energy lagged, falling 1.31%.
Commodities: Crude Oil futures slipped 0.27% to $56.41 per barrel. Gold futures rose 0.17% to $1,515 per ounce.
Currencies: The US Dollar Index gained 0.17% to close at its highest level in over two years.
Interest Rates: The US 10-year Treasury yield moved higher to 1.697%.
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 YCharts (@ycharts). We like the chart because it tells a totally different story than the cord-cutting narrative that we’re all used to hearing about. YCharts points out that traditional dish and cable companies are outperforming the companies that offer popular streaming services. The orange line is the year-to-date performance of Comcast, AT&T, Dish, and Charter. The purple line is the year-to-date performance of Disney, Netflix, Apple, and Amazon. It’s surprising to see that “the old way to watch TV” is up 40.69% while “the new way to watch TV” is up 21.62%.
Quote of The Day
Top Links
Podcast with Willie Delwiche. Investment Strategist at RW Baird – Technical Analysis Radio
JC Parets interviews Willie Delwiche of RW Baird in this podcast. They discuss how he incorporates things like breadth and sentiment into his process.
Trendline Wednesday 9/25/2019 – Dana Lyons
Dana Lyons shares some important stocks and indices that are currently testing long-term trendlines.
Commodity Deflation About to Pick Up Steam? – Kimble Charting Solution
Chris Kimble examines the chart of the TR Equal Weight Commodity Index.
Sentiment Stagnant While Stocks Have Surged – Bespoke
In this note, Bespoke takes a look at a chart of the 52-week average of the weekly AAII Sentiment Survey readings.
Major Reversal in Software Offers Encouraging Sign – StockCharts.com
Tom Bowley of StockCharts.com explains that the recent pullback in Software stocks is related to the rotation from Growth to Value.
Top 10 Tweets
You’re all caught up now. Thanks for reading!