Daily Chart Report ? Tuesday, September 14th, 2021
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Today’s Summary
Tuesday, September 14th, 2021
Indices: US Stocks closed lower in today’s session with the Dow slipping 292 points or 0.84%. The S&P 500 and Nasdaq fell, 0.57% and 0.45%, respectively. The Russell 2000 underperformed, dropping 1.37%.
Sectors: All 11 sectors closed lower. Health Care led, ticking lower by just 0.02%. Energy lagged, falling 1.44%.
Commodities: Crude Oil futures were flat and continue to trade around $70.46 per barrel. Gold futures moved higher by 0.71% to $1,807 per ounce.
Currencies: The US Dollar Index ticked higher by just 0.05%.
Interest Rates: The 10-year US Treasury yield dropped to 1.284%.
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 Keith Kern (@kkernttb). It’s a daily candlestick chart of the S&P 500 over the past year, along with the 8, 50, and 200-day moving averages. Kieth points out that the world’s most important index is currently testing its 50-day moving average and its uptrend line that has been in place for the majority the year. The Dow has already broken its 50-day and its respective uptrend line. If the S&P 500 follows suit, it would be an indication that further downside is likely. As we’ve noted, weakness in September-October is quite normal. Keep an eye on how this crucial test plays out in the remainder of the week!
Quote of the Day
“The more volatile it gets,
the more calm I get.”
– Steve Cohen
Top Links
Leaders Pullback from Record Highs, But Trends Remain in Place – Potomac Fund Management
Dan Russo shares his weekly sector analysis.
Leveraged ETFs in 2021 – Bespoke
Bespoke examines how several popular leveraged ETFs have performed this year.
What Do Options Traders Know? – SentimenTrader
Jason Goepfert takes a look at a divergence between the $VIX and realized volatility.
Crude Oil Futures Could Move 10 Percent Higher on Breakout – See It Market
Guy Cerundolo points out that Crude Oil is breaking out of its recent downtrend.
Brian Shannon — Swing Trading Stocks Using Multiple Time-Frames – Smarter Trader Podcast
In this podcast, Evan Medeiros interviews Brian Shannon about his trading process and more.
Top Tweets
You’re all caught up now. Thanks for reading!