Daily Chart Report ? Monday, June 28th, 2021
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Today’s Summary
Monday, June 28th, 2021
Indices: US Stocks were a mixed bag to start the week. The Dow closed lower by 151 points or 0.44%. The S&P 500 and Nasdaq rose 0.23% and 0.98%, respectively. The Russell 2000 underperformed, falling 0.52%.
Sectors: 6 of the 11 sectors closed higher. Communications led, rising 1.13%. Energy was the clear laggard, dropping 3.38%.
Commodities: Crude Oil futures fell 1.54% to $72.91 per barrel. Gold futures inched higher by just 0.16% to $1,781 per ounce.
Currencies: The US Dollar Index ticked higher by 0.08%.
Interest Rates: The 10-year US Treasury yield fell to 1.480%.
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). It's a daily candlestick chart of the Semiconductor ETF, $SMH, over the past nine months. The top holdings in this ETF include $TSM, $NVDA, $ASML, $QCOM, and $INTC. Rob points out that this Semiconductor ETF smashed through resistance in today's session, and closed at an all-time high for the first time in more than two months. As you might know, Semiconductors are the chips found in virtually every electronic device. Due to their widespread use, Semiconductor stocks often act as a leading indicator for both the Technology sector and the broader stock market. Seeing this bellwether industry group breaking out to record highs is anything but bearish. Remember; you can't have a party without the chips!
Quote of the Day
"Something that everyone knows isn’t worth anything."
– Bernard Baruch
Top Links
Risk Score Card Shows a Draw - All Star Charts
Steve Strazza examines some of the mixed signals in the market.
Could the Consumer Staples' Breakdown Reveal What's Next for Broader Markets? - CNBC
Ari Wald explains what relative weakness from the Consumer Staples sector could mean for the broader market.
New All-Time Highs - Momentum Monday
Howard Lindzon and Ivanhoff highlight some of the strongest stocks, trends, and themes across the markets.
Mind the 10-Year Yield Chart, Not the Fed - Trend Investor Pro
Arthur Hill analyzes the 5-yr and 10-yr US Treasury yield charts.
Two Technicians Talking Charts with Ian McMillan - Technical Analysis Radio
In this podcast, JC Parets and Ian McMillan discuss the outlook for Gold, Energy, Bitcoin, and more.
Top Tweets
You’re all caught up now. Thanks for reading!