Daily Chart Report ? Thursday, June 10th, 2021

Today’s Summary
Thursday, June 10th, 2021

Indices: US Stocks closed slightly higher in today’s session. The Dow was pretty flat, inching up just 19 points or 0.06%. The S&P 500 rose 0.47% to an all-time high. The Nasdaq outperformed, gaining 0.78%. The Russell 2000 underperformed, falling 0.68%.

Sectors: 7 of the 11 sectors closed higher. Health Care led, rising 1.71%. Financials lagged, falling 1.17%.

Commodities: Crude Oil futures moved higher by 0.47% to $70.29 per barrel. Gold futures were flat and continue to trade around $1,896 per ounce.

Currencies: The US Dollar Index inched lower by 0.08%.

Interest Rates: The 10-year US Treasury yield dropped to a fresh three-month low of 1.434%.

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 Tom White (@TomWhite_TDAN). It’s a daily candlestick chart of the Dow Jones Transportation Index over the past year, along with the S&P 500 in purple. The S&P 500 closed at a record high for the first time in over a month today. However, bulls may want to hold off on the champagne celebration until the Transports can get their act together. The Transportation index has fallen six of the past seven days and is now below its 50-day moving average.  As we know, the Transportation index is an important bellwether that often leads the broader market higher or lower. We love seeing the S&P 500 hit fresh highs, but it doesn’t exactly exude confidence seeing the Transportation index deteriorate like this.

Quote of the Day

“Follow the trend lines, not the headlines.”

– Bill Clinton