Daily Chart Report ? Wednesday, March 10th, 2021

Today’s Summary
Wednesday, March 10th, 2021

Indices: US Stocks closed higher in today's session with The Dow Jones Industrial Average advancing 464 points or 1.46%. The S&P 500 rose 0.60%, while the Nasdaq was flat (0.04%). The Russell 2000 outperformed, gaining 1.81%.

Sectors: 10 of the 11 sectors closed higher. Energy led, rising 2.53%. Technology was the only sector to close lower, slipping 0.40%.

Commodities: Crude Oil futures moved higher by 0.67% to $64.44 per barrel. Gold futures rose 0.29% to $1,722 per ounce.

Currencies: The US Dollar Index slipped 0.15%.

Interest Rates: The 10-year US Treasury yield inched lower to 1.520%.

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 JC Parets (@allstarcharts) It's a chart of Bitcoin over the past four years. Bitcoin corrected more than 25% at the end of February, however, we're already back to flirting with all-time highs around $57,000. JC highlights some key levels based on Fibonacci extensions from the 2017-2018 decline, and the 2019-2020 decline. If bitcoin continues to trade above the previous level (around $46,000), the next major resistance level is around $73,000, which is nearly 30% higher from current prices.

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Quote of the Day

“There are two kinds of investors: those who don’t know where the market is headed, and those who don’t know that they don’t know.”

– William Bernstein