Daily Chart Report ? Wednesday, October 16th, 2019

Today’s Summary
Wednesday, October 16th, 2019

Indices: US stocks were slightly lower in today’s session with the Dow Jones Industrial Average closing down 23 points or 0.08%. The S&P 500 and Nasdaq fell 0.20% and 0.30%, respectively. The Russell 2000, on the other hand, inched higher by 0.12%.

Sectors: Consumer Discretionary led, gaining 0.41%. Energy lagged, falling 1.39%.

Commodities: Crude Oil futures moved higher by 0.41% to $53.59 per barrel. Gold futures rose 0.71% to $1,494 per ounce.

Currencies: The US Dollar Index fell 0.28%.

Interest Rates: The US 10-year Treasury yield moved lower to 1.745%.

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 @TradeTraders. It’s a daily candlestick chart of the iShares Home Construction ETF, $ITB. The ETF is up nearly 50% year-to-date, and it closed at a new 52-week high today. Some of the top holdings in $ITB include: $DHI, $LEN, $NVR, $PHM and $SHW. As you can see from the chart, $ITB is trading above the 20, 50, and 200-day moving averages. In recent months, many have been warning that an economic slowdown or recession is on the horizon. However, if a recession is truely imminent, then Home Building stocks certainly didn’t get the memo.

Quote of The Day

Top 10 Tweets