Daily Chart Report ? Tuesday, June 15th, 2021

Today’s Summary
Tuesday, June 15th, 2021

Indices: US Stocks closed lower in today's session with the Dow slipping 94 points or 0.27%. The S&P 500 and Nasdaq fell 0.20% and 0.71%, respectively. The Russell 2000 moved lower by 0.26%.

Sectors: 5 of the 11 sectors closed higher. Energy led, rising 1.90%. Real Estate lagged, falling 0.92%.

Commodities: Crude Oil futures moved higher by 1.75% to  $72.12 per barrel. Gold futures fell 0.51% to $1,856 per ounce.

Currencies: The US Dollar Index was flat.

Interest Rates: The 10-year US Treasury yield ticked lower to 1.494%.

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 David Rath (@DJwrath). It's a daily candlestick chart of Copper futures since the start of the pandemic. Copper has been on an incredible run for more than a year now. But that relentless rally is in jeopardy. As David notes, Copper decisively broke below its uptrend line in today's session. So, why do we care that this metal is breaking down? Due to Copper's numerous industrial uses, it is often viewed as a leading indicator for economic growth and the stock market. Seeing it break down like this, doesn't exactly inspire confidence in the bull case.

Quote of the Day

“If you can't take a small loss, sooner or later you will take the mother of all losses."

– Ed Seykota