Daily Chart Report ? Friday, April 9th, 2021
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Today’s Summary
Friday, April 9th, 2021
Indices: US Stocks ended the week on a positive note, with the Dow Jones Industrial Average gaining 297 points or 0.89%. The S&P 500 and Nasdaq rose 0.77% and 0.51%, respectively. The Russell 2000 was unchanged (0.04%).
Sectors: 7 of the 11 sectors closed higher. Health Care led, rising 1.10%. Energy lagged, falling 0.66%.
Commodities: Crude Oil futures slipped 0.47% to $59.32 per barrel. Gold futures moved lower by 0.76% to $1,745 per ounce.
Currencies: The US Dollar Index inched higher by 0.12%.
Interest Rates: The 10-year US Treasury yield rose to 1.666%.
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 by Rob Moreno (@rightviewrob). The Dow, S&P 500, and Nasdaq 100 all closed at record highs today. To be fair, the Nasdaq Composite (lower panel) was unable to reach an all-time high, but it's within striking distance. Interestingly, the past three weeks have all ended with strong rallies into the close. Ending the week with this sort of price action is anything but bearish.
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Quote of the Day
"Man blames fate for other accidents but feels personally responsible for a hole-in-one."
– Martha Beckman
Top Links
A Goldilocks First Quarter Has Bulls Smiling - LPL Financial Research
The team at LPL Financial Research explains that solid Q1 gains have historically led to further gains.
Why Copper is Crushing Gold - Untitled Chart Show
Josh Brown and JC Parets highlight some of the big-picture trends across the markets.
Fairlead's Stockton on What's Ahead for the VIX - Bloomberg
Katie Stockton shares her technical perspective on Volatility.
Stock Market Technical Analysis April 9, 2021 - AlphaTrends.Net
Brian Shannon analyzes this week's price action and lays out some levels to watch next week.
Fill the Gap Podcast with Special Guest Jeff deGraaf - CMT Association
In this podcast, Jeff deGraaf of Renaissance Macro Research discusses his research process and shares some insights on the current macro environment.
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