Daily Chart Report ? Monday, November 8th, 2021
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Today’s Summary
Monday, November 8th, 2021
Indices: Dow +0.29% | S&P 500 +0.09% | Nasdaq +0.07% | Russell 2000 +0.23%
Sectors: 6 of the 11 sectors closed higher. Materials led, gaining 1.29%. Utilities lagged, falling 1.49%.
Commodities: Crude Oil futures rose 0.81% to $81.93 per barrel. Gold futures moved higher by 0.62% to a two-month high of $1,828 per ounce.
Currencies: The US Dollar Index fell 0.18%.
Interest Rates: The US 10-year Treasury yield rose to 1.493%.
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 Nautilus Research (@NautilusCap). It’s a chart of the S&P Semiconductor Index over the past three decades. The red circles indicate all the instances where the index was up 10% or more in a week for the first time in six months. This happened last week for the 13th time since 1989. As you can see from the table, returns following prior occurrences tended to be consistently above average. If history is any guide, any short-term weakness could end up a longer-term buying opportunity.
Quote of the Day
“Without data, you’re just another person with an opinion.”
– W. Edwards Deming
Top Links
5 Things to Watch This Week – PFT Trading
Greg Rieben highlights five noteworthy charts to keep an eye on this week.
Market Breadth is Improving and the Rally is Broadening – Money Show
Bonnie Gortler sums up several important technical developments.
Big Breakout for Small Caps – A Means to a Trend
Austin Harrison takes a look at the breakout in Small-Caps, Mid-Caps, Transports, the A/D Line, the Value Line, and more.
Crowd Gone WIld – The Rotation Report
Aaron Jackson shares his thoughts on some of the strong moves we’ve seen across the market lately.
WAGMI – The Weekly Trend
In this podcast, David Zarling and Ian McMillan discuss Small-Caps, Bonds, Crypto, and more.
Top Tweets
You’re all caught up now. Thanks for reading!