Daily Chart Report ? Friday, June 25th, 2021
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Today’s Summary
Friday, June 25th, 2021
Indices: US Stocks closed higher in today's session, with the Dow advancing 237 points or 0.69%. The S&P 500 rose 0.33%, while the Nasdaq was flat (0.06%). The Russell 2000 was also flat (0.03%).
Sectors: 10 of the 11 sectors closed higher. Financials led, rising 1.21%. Technology lagged, inching lower by just 0.12%.
Commodities: Crude Oil futures moved higher by 1.02% to their highest level in more than two years at $74.05 per barrel. Gold futures were flat (0.06%) and continue to trade at $1,778 per ounce.
Currencies: The US Dollar Index was unchanged.
Interest Rates: The 10-year US Treasury yield rose to 1.531%.
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 Strategas Research (@StrategasRP). It's a chart of the S&P Completion Index over the past 2.5 years. The Completion Index contains all non-S&P 500 stocks. In other words, the 'extended market.' There are over 3,400 stocks in the index, but some of the top holdings include, $SQ, $UBER, $ZM, $BX, and $SNAP. Strategas points out that the extended market is breaking out to record highs, after a four-month consolidation. One of the biggest concerns in recent weeks has been the deterioration in market breadth, measured by the percentage of S&P 500 stocks above their 50-day moving average. But, this is one sign that perhaps participation is broader and healthier than other metrics are suggesting. The ETF, $VXF, tracks the Completion Index if you'd like to keep an eye on it.
Quote of the Day
"If you tell the truth, you don't have to remember anything."
– Mark Twain
Top Links
Weekly Market Performance - Market Rally and Rebound - LPL Financial Research
The team at LPL Financial Research recaps this week's market performance.
Bears in Hibernation - Bespoke
Bespoke analyzes the results of the latest sentiment surveys.
Bitcoin Hammering Out a Bottom; Tesla Breaking Out - Yahoo Finance
JC Parets shares his technical perspective on Bitcoin, Tesla, ARKK, and European Banks.
Where Do We (Investors) Stand - David Cox
In this quick video, David Cox highlights some noteworthy technical developments to keep an eye on.
$BUG Global Cybersecurity ETF: Bullish Ascending Triangle (Breakout Watch!) - Kimble Charting Solutions
Chris Kimble points out that the Cybersecurity ETF, $BUG, is breaking out of a bullish consolidation pattern.
Top Tweets
You’re all caught up now. Thanks for reading!