Daily Chart Report ? Tuesday, August 10th, 2021
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Today’s Summary
Tuesday, August 10th, 2021
Indices: US Stocks were mixed in today’s session. The Dow rose 163 points or 0.46%. The S&P 500 was flat (0.10%), while the Nasdaq fell 0.49%. The Russell 2000 inched higher by 0.20%.
Sectors: 8 of the 11 sectors closed higher. Energy led, gaining 1.76%. Real Estate lagged, falling 1.07%.
Commodities: Crude Oil futures bounced 2.72% to $68.29 per barrel. Gold futures rose 0.30% to $1,732 per ounce.
Currencies: The US Dollar Index hit a four-month high, rising 0.11%.
Interest Rates: The 10-year US Treasury yield continued higher to 1.352%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared by Strategas Research (@StrategasRP). Breadth has been improving recently, with the Equal-Weight S&P 500 (top) breaking out of a three-month range. However, the Russell 2000 (middle) and the Completion Index (bottom) remain rangebound. The Completion Index ($VXF) contains all of the US-listed stocks that are not included in the S&P 500. So, it’s a broader representation of the total US stock market than a purely large-cap index like the S&P 500. In a comment to The Chart Report, Todd Sohn of Strategas Research said, “We’ve seen participation broaden out a bit in the last couple of weeks, but it hasn’t really translated down the cap-scale just yet. We’re still waiting on new highs from these other two indices to alleviate some of the fears of narrow participation.”
Quote of the Day
“Time only works in our favor in an uptrend. Other times patience can be a road to ruin.”
– Willie Delwiche
Top Links
Financials In Focus After Recent Improvement – Potomac Fund Management
Dan Russo shares his weekly sector analysis.
This Group of Stocks Is on The Cusp of Another Breakout, Oppenheimer Says – CNBC
In this clip, Ari Wald and Katie Stockton discuss the breakout in the Momentum ETF, $MTUM.
All About the Dollar – All Star Charts
The team at All Star Charts takes a look at the US Dollar as it reaches a 4-month high.
These 2 Measures Show Almost Unmatched Momentum – SentimenTrader
Jason Goepfert shares two interesting stats that speak to how resilient the S&P 500 has been this year.
Historically, Volatility & CBOE VIX Index Begin to Pick Up in August – Almanac Trader
Seasonality expert, Jeff Hirsch examines how the VIX has historically fared in August.
Top Tweets
You’re all caught up now. Thanks for reading!