Daily Chart Report ? Thursday, July 8th, 2021

Today’s Summary
Thursday, July 8th, 2021

Indices: US Stocks closed lower in today’s session, with the Dow slipping 260 points or 0.75%. The S&P 500 and Nasdaq fell 0.86% and 0.72%. The Russell 2000 underperformed, dropping 0.94%.

Sectors: All 11 sectors closed lower. Real Estate led, but still inched lower by 0.09%. Financials lagged, dropping 2.00%.

Commodities: Crude Oil futures rose 1.02% to $72.94 per barrel. Gold futures inched lower by 0.11% to $1,800 per ounce.

Currencies: The US Dollar Index fell 0.37%.

Interest Rates: The 10-year US Treasury yield continued lower to 1.294%.

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 Shane Murphy (@MurphyCharts). It’s a Heikin Ashi candlestick chart of the Lithium & Battery Tech ETF, $LIT, over the past 1.5 years. This ETF is comprised of companies that are involved in the production of lithium batteries. Shane points out that $LIT is breaking out to all-time highs. In a comment to The Chart Report, Shane said “$LIT is breaking out of a 6-month base within a strong uptrend. The former highs, around $72-74, offer a well-defined risk level to trade against.”

Quote of the Day

“When everyone’s waiting for a pullback to buy, either you don’t get a pullback, or, if you do, you shouldn’t buy into it.”

– Bob Farrell