Daily Chart Report ? Tuesday, September 15th, 2020

Today’s Summary
Tuesday, September 15th, 2020

Indices: US Stocks continued higher in today's session. The Dow Jones Industrial Average was flat, changing just 2 points or 0.01%. The S&P 500 and Nasdaq rose 0.52% and 1.21%, respectively. The Russell 2000 was also flat, changing just 0.08%.

Sectors: Communications led, gaining 1.78%. Financials lagged, falling 1.36%.

Commodities: Crude Oil futures moved higher by 2.74% to $38.28 per barrel. Gold futures slipped 0.16% to $1,962 per ounce.

Currencies: The US Dollar Index was flat, changing just 0.02%.

Interest Rates: The US 10-year Treasury yield inched higher to 0.682%.

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 Adam Koos (@AdamKoos). It's a daily candlestick chart of the S&P 500 over the past year. The S&P 500 has been walking on a tightrope over the past week as it retests the February highs. We've closed slightly above and below this crucial level in recent days, without any meaningful follow-through. It's fairly common to see price throwback to a breakout level like this before eventually resuming its uptrend. However, Adam explains that we want to continue to monitor the ongoing battle at this key level in the near-term. In a comment to The Chart Report, Adam said, "It's easy to overanalyze things right now, but to me, it's as simple as this - if SPX is above the February highs, the risk is to the upside. If  SPX is below the February highs, the risk is to the downside." 

Quote of the Day