Daily Chart Report ? Wednesday, March 31st, 2021
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Today’s Summary
Wednesday, March 31st, 2021
Indices: US indices closed higher in today’s session with the exception of the Dow, which slipped 85 points or 0.26%. The S&P 500 rose 0.36%, while the Nasdaq outperformed, gaining 1.54%. The Russell 2000 closed higher by 1.13%.
Sectors: 5 of the 11 sectors closed higher. Tech led, gaining 1.59%. Financials lagged, falling 0.76%.
Commodities: Crude Oil futures dropped 2.30% to $59.16 per barrel. Gold futures rebounded 1.76% to $1,716 per ounce.
Currencies: The US Dollar Index slipped 0.11%.
Interest Rates: The 10-year US Treasury yield rose to 1.744%.
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 Bespoke (@bespokeinvest). Q1 is in the books! The S&P 500 rose about 6% in Q1, while the two strongest sectors, Energy and Financials, posted impressive double-digit gains. Energy had its best quarter on record, up 30%. Financials had their 11th best quarter since 1990, rising about 16%. Bespoke examined what has historically happened to these two sectors following a large quarterly gain of 15% or more. The following quarter, Energy saw an average loss of 1.19%, while Financials saw an average gain of 6.20%. Click here to read the full note.
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Quote of the Day
“Amateurs want to be right. Professionals want to make money.”
– Alan Greenspan
Top Links
Stocks Love April – LPL Financial Research
The team at LPL Financial Research examines how stocks have historically performed in April.
Tuesday Trends – Compound
Charlie Bilello highlights some noteworthy trends across the markets.
ARK Innovation ETF About to Take On Water? Dual Support Test In Play! – Kimble Charting Solutions
Chris Kimble points out that the popular ARK Innovation ETF, $ARKK, is at a potential inflection point.
Technical Analysis Meets Behavioral Finance – Standard Deviations Podcast
In this podcast, Dr. Daniel Crosby and JC Parets discuss the importance of behavioral finance.
Why Monday Was So Unusual – SentimenTrader
Jason Goepfert takes a look at an unusually weak breadth reading from Monday’s session.
Top Tweets
You’re all caught up now. Thanks for reading!