Daily Chart Report ? Tuesday, October 19th, 2021
Sponsored By:
Today’s Summary
Tuesday, October 19th, 2021
Indices: Dow +0.56% | S&P 500 +0.74% | Nasdaq +0.71% | Russell 2000 +0.36%
Sectors: 10 of the 11 sectors closed higher. Health Care led, rising 1.31%. Consumer Discretionary was the only sector that closed lower, slipping 0.28%.
Commodities: Crude Oil futures rose 0.92% to $82.44 per barrel. Gold futures gained 0.27% to $1,771 per ounce.
Currencies: The US Dollar Index fell 0.16%.
Interest Rates: The US 10-year Treasury yield rose to 1.641%.
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 in a note by Frank Cappelleri (@FrankCappelleri). It's a weekly bar chart of the Cloud Computing ETF, $SKYY, over the past year. The largest stocks in this ETF include $DOCN, $ORCL, $MDB, $VMW, and $ANET. In the note, Frank pointed out that $SKYY just broke out to an all-time high, and it's one of the first Tech-related ETFs to do so since the September-October pullback. As you can see, it has formed a bullish Cup & Handle Pattern over the past nine months. He adds that it may be overextended in the short term given the fact that it's up six days in a row. However, longer-term, this ETF looks poised for a new leg higher.
Quote of the Day
“Losing feels worse than winning feels good.”
- Vin Scully
Top Links
FANG+ Hits a New High With Mixed Relative Strength - Bespoke
Bespoke examines the breakout in FAANG stocks.
Stocks Never Lost After Industrial Metals Did This - SentimenTrader
Jason Goepfert takes a look at the relationship between stocks and industrial metals.
Stocks Won't Collapse If This Happens - All Star Charts
JC Parets points out that the Consumer Discretionary sector is breaking out relative to the Consumer Staples sector.
Equity Strength Broadens; Defensive Sectors Remain Weak - Potomac Fund Management
Dan Russo shares his weekly sector analysis.
Growth Stocks Are on the Move - Fox Business News
In the back half of this clip, Andrew Thrasher offers his outlook on the market.
Top Tweets
You’re all caught up now. Thanks for reading!