Daily Chart Report ? Monday, October 18th, 2021

Today’s Summary
Monday, October 18th, 2021

Indices: Dow -0.10% | S&P 500 +0.34% | Nasdaq +0.84% | Russell 2000 +0.10%

Sectors: 7 of the 11 sectors closed higher. Consumer Discretionary led for the second day in a row, rising 1.22% to a record high. Utilities lagged for the second day in a row, falling 0.96%.

Commodities: Crude Oil futures fell 0.91% to $81.53 per barrel. Gold futures slipped 0.20% to $1,765 per ounce.

Currencies: The US Dollar Index was unchanged.

Interest Rates: The US 10-year Treasury yield rose to 1.602%.

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 Topdown Charts (@topdowncharts). The black line shows the S&P 500’s average seasonal pattern using data from 1990-2019. The red line shows how the S&P 500 has performed so far this year. We’ve all heard the adage; “Sell in May & Go Away” but don’t forget; “Buy in October & Get Yourself Sober!” As you can see, the S&P 500 tends to bottom in mid-October and rally until May. Sell in May & Go Away didn’t work too well this year, with the S&P 500 gaining roughly 7% since May. While some view this as a failure of seasonality, we see it as a testament to how strong the underlying trend is. Seasonality is just one of many data points to consider, but it’s important to know that the calendar is shifting from bearish to bullish.

Quote of the Day

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

– Colin Powell