Daily Chart Report ? Friday, October 15th, 2021

Today’s Summary
Friday, October 15th, 2021

Indices: US Stocks ended the week on a positive note, with the Dow rising 382 points or 1.09%. The S&P 500 and Nasdaq gained 0.75% and 0.50%, respectively. The Russell 2000 notably underperformed, falling 0.37%.

Sectors: 8 of the 11 sectors closed higher. Consumer Discretionary led, rising 1.53% to a record high. Utilities lagged, slipping 0.29%.

Commodities: Crude Oil futures rose 1.19% to a seven-year high of  $82.28 per barrel. Gold futures dropped 1.65% to $1,768 per ounce.

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

Interest Rates: The US 10-year Treasury yield snapped a three-day losing streak, rising to 1.574%.

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 Pratty Tulsian (@PrattyCharts). It's a weekly candlestick chart of Bitcoin over the past five years. Pratty points out that Bitcoin is on track to close at a fresh weekly all-time high. Why do we care about all-time highs? Because when price is in blue sky territory, nobody is showing a loss and there's virtually no overhead supply to prevent it from moving significantly higher. Bitcoin peaked in April at around $63k and fell more than 50% over the next three months. That massive decline did a lot to wash out some of the frothy sentiment that existed. Since then, it's built a solid six-month base to launch higher from.

Quote of the Day

“The hardest arithmetic to master is that which enables us to count our blessings.”

- Eric Hoffer