Daily Chart Report ? Thursday, August 26th, 2021

Today’s Summary
Thursday, August 26th, 2021

Indices: US Stocks fell for the first time this week. The Dow closed lower by 192 points or 0.54%. The S&P 500 and Nasdaq fell 0.58% and 0.64%, respectively. The Russell 2000 underperformed, dropping 1.13%.

Sectors: Real Estate was the only sector that managed to close higher, ticking up just 0.06%. Energy lagged falling 1.52%.

Commodities: Crude Oil futures fell 1.38% to $67.42 per barrel. Gold futures rose 0.23% to $1,795 per ounce.

Currencies: The US Dollar Index gained  0.24%.

Interest Rates: The 10-year US Treasury yield rose to 1.353%.

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Chart of the Day

Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a daily candlestick chart of the Robotics & Artificial Intelligence ETF, $BOTZ, over the past four years. The top five weighted stocks in this ETF include NVIDIA ($NVDA), Keyence (6861), Intuitive Surgical ($ISRG), ABB Ltd. ($ABBN), and Upstart Holdings ($UPST). Alfonso points out that $BOTZ is attempting to break out of a 6-month consolidation within a strong uptrend. This healthy consolidation has taken place at a key Fibonacci level – the 1.618% extension of the 2018-2020 decline, around $35. Price hasn’t reached an all-time high just yet, but it closed less than 1% shy of one today. If $BOTZ does break out into blue-sky territory, the next major Fibonacci level is around $47, which is about 30% higher from here.

Quote of the Day

“You can have data without information, but you cannot have information without data.”

– Daniel Keys Moran