Daily Chart Report ? Friday, March 19th, 2021
Sponsored By:
Today’s Summary
Friday, March 19th, 2021
Indices: US Stocks were mixed in today’s session. The Dow Jones Industrial Average fell 234 points or 0.71%. The S&P 500 was flat (0.06%), while the Nasdaq rose 0.76%. The Russell 2000 outperformed, gaining 0.88%.
Sectors: 6 of the 11 sectors closed higher. Communications led, rising 0.87%. Real Estate lagged, falling 1.33%.
Commodities: Crude Oil futures rebounded 2.30% to $61.44 per barrel. Gold futures moved higher by 0.33% to $1,742 per ounce.
Currencies: The US Dollar Index slipped 0.13%.
Interest Rates: The 10-year US Treasury yield was unchanged and is currently at 1.716%.
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 Macro Charts (@MacroCharts). The chart shows the U.S. 30-year Treasury Bond over the past two decades. Treasury Bonds have been getting whacked for months now and the sell-off has really accelerated in recent weeks. However, we’re starting to see signs that Bonds may be due for a bounce in the near-term. Macro Charts points out that a sentiment indicator known as the DSI has fallen to extremely low levels that have historically coincided with major bottoms. Macro Charts adds that a rebound in Bonds would be bullish for Growth Stocks as well as Precious Metals & Miners. Will Bonds rebound next week? Stay tuned!
Sponsored:
Quote of the Day
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
– Winston Churchill
Top Links
Weekly Market Performance – Markets Reverse Course – LPL Financial Research
The team at LPL Financial Research summarizes this week’s market action.
A Look Into the Dow Jones Industrial Average Components, Part 2 – Alf Charts
Alfonso Depablos takes a look at some of the chart setups within the Dow Jones Industrial Average.
Where Do (We) Investors Stand? – David Cox
In this quick video, David Cox highlights some important technical developments to be aware of.
Crude Oil About To Decline 50% Following Triple Top, Wonders Joe Friday – Kimble Charting Solutions
Chris Kimble breakdown a long-term chart of Crude Oil.
Stock Market Video Analysis for Week Ending 3/19/21 – AlphaTrends
Brian Shannon reviews this week’s price action and highlights a few levels to keep an eye on next week.
Top Tweets
