Daily Chart Report ? Monday, March 15th, 2021
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Today’s Summary
Monday, March 15th, 2021
Indices: US Stocks kicked off the week on a positive note, with the Dow Jones Industrial Average gaining 175 points or 0.53%. The S&P 500 and Nasdaq moved higher by 0.65% and 1.05%, respectively. The Russell 2000 underperformed, rising 0.31%.
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining 1.34%. Energy lagged, falling 1.14%.
Commodities: Crude Oil futures moved slightly lower by 0.34% to $65.39 per barrel. Gold futures moved higher by 0.55% to $1,729 per ounce.
Currencies: The US Dollar Index rose 0.13%.
Interest Rates: The 10-year US Treasury yield inched lower to 1.609%
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 in a note by Chris Kimble (@KimbleCharting). It's a chart of Crude Oil (top) and Emerging Markets (bottom) going back to 2003. Chris points out Crude Oil and Emerging Markets have experienced several key turning points at the same time over the past 20-years. Both are currently testing long-term resistance at the moment. Crude Oil is testing a 13-year downtrend line while Emerging Markets test horizontal resistance from the 2007 highs. In the note, Chris explains, "How they handle these levels will send investors an important message about inflation and interest rates! If both would break out, look for Energy and Emerging Market stocks to move much higher." Click here to read the full note.
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Quote of the Day
"Without data, you're just another person with an opinion."
– W. Edwards Deming
Top Links
Five Charts to Start the Week - Marea Market Musings
Dan Russo shares five important charts on his radar.
A Look Into The Dow Industrial Average Components, Part 1 - Alf Charts
Alfonso Depablos takes a look through each of the 30 Dow stocks.
Canadian Investors' Dream Environment - All Star Charts
JC Parets and Steve Strazza discuss why Canadian stocks are poised to outperform.
More Long Setups Showing - Momentum Monday
In their weekly Momentum Monday show, Howard Lindzon and Ivanhoff highlight the hottest stocks, trends, and themes across the markets.
Heavy Lifting - The Weekly Trend
In this podcast, David Zarling and Ian McMillan weigh-in on some important technical developments.
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