Daily Chart Report ? Monday, September 13th, 2021

Today’s Summary
Monday, September 13th, 2021

Indices: US Stocks closed higher to start the week, with the Dow rebounding 262 points or 0.76%. The S&P 500 snapped a five-day losing streak, rising 0.23%. The Nasdaq ticked lower by just 0.07%. The Russell 2000 rose 0.59%.

Sectors: 8 of the 11 sectors closed higher. Energy was the clear leader, gaining 2.87%. Health Care lagged, falling 0.62%.

Commodities: Crude Oil futures rose by 1.05% to $70.45 per barrel. Gold futures inched higher by 0.13% to $1,794 per ounce.

Currencies: The US Dollar Index was flat (0.03%).

Interest Rates: The 10-year US Treasury yield moved higher to 1.328%.

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 daily candlestick chart of the Semiconductor ETF, $SMH, year-to-date. The top-weighted stocks in this ETF include Taiwan Semiconductor ($TSM), NVIDIA, ($NVDA), ASML Holdings ($ASML), Analog Devices ($ADI), and Advanced Micro Devices ($AMD). While the broader market has pulled back slightly over the past week, Semiconductor stocks continue to shine. As you might know, Semiconductors are the chips that are found in virtually every electronic device. Due to their widespread use, Semiconductors often act as a leading indicator for both the Technology sector and the broader market. The fact that we’re continuing to see this group print all-time highs in an otherwise dull tape is an encouraging sign for the bulls. Remember, you can’t have a party without the chips!

Quote of the Day

“One secret that most professionals know is that you can rack up a fortune in the market by being right less than 50% of the time.”

– Stan Weinstein