Daily Chart Report ? Friday, November 15th, 2019

Today’s Summary
Friday, November 15th, 2019

Indices: US stocks ended the week on a positive note with the Dow Jones Industrial Average advancing 223 points or 0.80%. The S&P 500 and Nasdaq gained 0.77% and 0.73%, respectively. The Russell 2000 was the weakest of the major averages but still rose 0.48%.

Sectors: Health Care significantly outperformed, gaining 2.13%. Materials were the only negative sector, slipping just 0.10%.

Commodities: Crude Oil futures moved higher by 1.74% to $57.75 per barrel. Gold slipped 0.33% to $1,468 per ounce.

Currencies: The US Dollar Index fell by 0.17%.

Interest Rates: The US 10-year Treasury yield moved higher to 1.836%.

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 Grant Hawkridge (@granthawkridge). On top is a daily candlestick chart of the S&P 500 ETF, $SPY. In the middle is $SPY/$TLT, and on the bottom is $SPY/$GLD. Stocks ($SPY) have underperformed both Bonds ($TLT) and Gold ($GLD) so far this year. However, with less than two months left in 2019, Stocks seems to be firming up relative to the other two asset classes. As you can see, $SPY/$TLT recently broke out of a multi-month downtrend, and $SPY/$GLD looks like it’s trying to do the same. It would be bullish for the broader market to see Stocks regain leadership over safe-haven assets like Bonds and Gold.

Quote of the Day

“The most dangerous person is the one who listens, thinks and observes.”

– Bruce Lee (Actor)

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