Daily Chart Report ? Monday, December 28th, 2020

Today’s Summary
Monday, December 28th, 2020

Indices: US Stocks closed higher to start the week with the Dow Jones Industrial Average advancing 204 points or 0.68%. The S&P 500 and Nasdaq rose 0.87% and 0.74%, respectively. The Russell 2000 underperformed, falling 0.38%.

Sectors: 9 of the 11 sectors closed higher. Communications led, rising 1.80%. Energy lagged, falling 0.63%.

Commodities: Crude Oil futures fell 1.26% to $47.62 per barrel. Gold futures inched lower by 0.15% to $1,880 per ounce.

Currencies: The US Dollar Index ticked higher by 0.08%.

Interest Rates: The 10-year US Treasury yield inched lower to 0.926%.

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 Grayson Roze (@GraysonRoze). From left to right are, Amazon ($AMZN), Apple ($AAPL), and Microsoft ($MSFT). These three stocks combined represent more than 30% of the Nasdaq and more than 15% of the S&P 500. All three surged off the March low but have spent the past four months consolidating. Consolidations like these typically resolve in the direction of the underlying trend, which in this case is up. We're already starting to see them break out. $AAPL closed at an all-time high today for the first time since September 2nd and the other two closed above resistance. As Grayson points out, it would be wise to keep an eye on these juggernauts in the near-term, as the broader market (especially the Nasdaq) will likely follow.

Quote of the Day

"Either you run the day, or the day runs you."

– Jim Rohn