Daily Chart Report ? Thursday, October 28th, 2021
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Today’s Summary
Thursday, October 28th, 2021
Indices: Dow +0.68% | S&P 500 +0.98% | Nasdaq +1.39% | Russell 2000 +2.02%
Sectors: All 11 sectors closed higher. Real Estate led, gaining 1.47%. Communications lagged but still rose 0.31%.
Commodities: Crude Oil futures moved higher by 0.63% to $83.18 per barrel. Gold futures were flat and continue to trade at $1,799 per ounce.
Currencies: The US Dollar Index dropped 0.52%.
Interest Rates: The US 10-year Treasury yield moved higher to 1.576%.
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 Jeff Hirsch (@AlmanacTrader). Jeff points out that the last 4 trading days in October and the first 3 trading days in November have a pretty bullish track record. He calls this the Halloween Trade. As you can see, the S&P 500 has only been lower 4 times in the past 27 years during this seven-day stretch. That's an 85% win rate for an average gain of 2.08% and a median gain of 1.50%. For more on this, check out the full note here.
Quote of the Day
“We're just enthusiastic about what we do.”
- Steve Jobs
Top Links
The Granddaddy of All Indicators Just Broke Out - SentimenTrader
Jason Goepfert points out that the NYSE Cumulative Advance/Decline line just broke out to an all-time high.
What to Expect from the S&P 500 This Season - Schaeffer's Investment Research
Rocky White highlights the best and worst stocks to own in November-April.
Breadth Bends, But Does Not Break - Potomac Fund Management
Dan Russo shares his weekly breadth analysis.
Sentiment Steps Back - Bespoke
Bespoke breaks down the results of the latest AAII Sentiment Survey.
A Trip Down Treasury Lane - All Star Charts
The team at All Star Charts takes a look at the recent action in US Treasury Bonds.
Top Tweets
You’re all caught up now. Thanks for reading!