Daily Chart Report ? Friday, March 26th, 2021
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Today’s Summary
Friday, March 26th, 2021
Indices: US Stocks ended the week on a positive note with the Dow Jones Industrial Average advancing 453 points or 1.39%. The S&P 500 and Nasdaq gained 1.66% and 1.24%, respectively. The Russell 2000 outperformed, rising 1.76%.
Sectors: 10 of the 11 sectors closed higher. Tech led, gaining 2.56%. Communications lagged for the third straight day, falling 1.09%.
Commodities: Crude Oil futures moved higher by 3.69% to $60.72 per barrel. Gold futures rose 0.38% to $1,732 per ounce.
Currencies: The US Dollar Index slipped 0.14%.
Interest Rates: The 10-year US Treasury yield moved higher to 1.672%.
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 James Boyd (@JBoyd_TDA). It's a 5-minute candlestick chart of S&P 500 futures since yesterday's close. As James points out, the S&P 500 surged higher in the final hour of trading today, marking the strongest close since October. Not to mention, we closed at an all-time high! Ending the day/week with this sort of price action is anything but bearish. We'll leave you with yesterday's quote of the day from legendary tape reader Willam O'Neil - "In bear markets, stocks usually open strong and close weak. In bull markets, they tend to open weak and close strong."
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Quote of the Day
"Don't judge each day by the harvest you reap but by the seeds that you plant."
– Robert Louis Stevenson
Top Links
5-Chart Friday (3/26/21) - Compound
Charlie Bilello shares five interesting tidbits on the current market environment.
Where Do We (Investors) Stand - David Cox
In this quick video, David Cox highlights some noteworthy technical developments to keep an eye on.
Tech Is A Drag - StockCharts.com
Julius de Kempenaer explains that the S&P 500 will need some of its largest sectors to wake up soon.
Weekly Market Recap - Tribeca Trade Group
Christian Fromhertz recaps this week's price action and highlights some things to focus on next week.
Media & Chinese Education Tech Carried Out On A Stretcher - Bespoke
Bespoke examines some high-flying stocks that got slaughtered this week including, $VIAC, $DISCA, $IQ, $EDU, and more.
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