Daily Chart Report ? Wednesday, October 13th, 2021

Today’s Summary
Wednesday, October 13th, 2021

Indices: US Stocks closed higher in today's session. The Dow was completely unchanged. The S&P 500 and Nasdaq rose 0.30% and 0.73%, respectively. The Russell 2000 gained 0.34%.

Sectors: 9 of the 11 sectors closed higher. Utilities led, gaining 1.17%. Financials lagged, falling 0.57%.

Commodities: Crude Oil futures were flat and continue to hover around $80.58 per barrel. Gold futures jumped 1.97% to $1,794 per ounce.

Currencies: The US Dollar Index dropped 0.49%.

Interest Rates: The US 10-year Treasury yield fell to 1.539%.

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 Walter Deemer (@WalterDeemer). It’s a chart of the NYSE Advance-Decline Line over the past year, along with the S&P 500 below. The Advance-Decline Line is a popular breadth indicator that often leads the market higher or lower. Over the summer, the Advance-Decline line was diverging negatively from the S&P 500. A negative divergence occurs when the S&P 500 makes a new high, while the Advance-Decline Line fails to do the same. That negative divergence ended up materializing into the mild pullback that we’ve seen in recent weeks. On a brighter note, Walter points out that the Advance-Decline Line is now diverging positively. As you can see, the S&P 500 made a lower low last week, while the Advance-Decline Line made a higher low. This is just one data point to consider, but it certainly favors the bulls.

Quote of the Day

"The oldest, shortest words - 'yes' and 'no' -
are those which require the most thought."

- Pythagoras