Daily Chart Report ? Tuesday, February 9th, 2021

Today’s Summary
Tuesday, February 9th, 2021

Indices: US Stocks were little changed in today's session. The Dow was basically flat (9 points or 0.03%). The S&P 500 slipped just 0.11%. The Nasdaq inched higher by 0.14%. The Russell 2000 outperformed, gaining 0.40%.

Sectors: 6 of the 11 sectors closed higher. Real Estate led, rising 0.45%. Energy lagged, falling 1.06%.

Commodities: Crude Oil futures moved higher for the seventh consecutive day, gaining 0.67% to $58.36 per barrel. Gold futures inched up 0.18% to $1,838 per ounce.

Currencies: The US Dollar Index dropped 0.53%.

Interest Rates: The 10-year US Treasury yield moved lower to 1.160%.

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 Steve Strazza (@sstrazza). Pot stocks have been smokin' hot lately. The largest Marijuana ETF, $MJ, is up more than 100% since the start of the year. Steve points out that Aphria ($APHA), the largest component within $MJ, is breaking out of a multi-year base. In a comment to The Chart Report, Steve said, "Pot stocks have been garbage for years, but this newfound momentum suggests that a meaningful bottom could be in. When we drilled down into the industry, we found that the Growers & Distributors in particular, like $APHA, are breaking out to new highs and look poised to outperform. Not only does this show risk appetite for the broader market, but also risk appetite within the Marijuana industry. You know we're in a bull market if Pot stocks are ripping to new highs." For a deeper dive into this topic, check out this chart.

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Quote of the Day

"An expert is someone who knows some of the worst mistakes in a subject and how to avoid them."

– Werner Heisenberg