Daily Chart Report ? Friday, November 12th, 2021
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Today’s Summary
Friday, November 12th, 2021
Indices: Dow +0.50% | S&P 500 +0.72% | Nasdaq +1.00% | Russell 2000 +0.11%
Sectors: 8 of the 11 sectors closed higher. Communications led, gaining 1.46%. Energy lagged, slipping 0.24%.
Commodities: Crude Oil futures fell 1.10% to $80.69 per barrel. Gold futures closed higher for the seventh day in a row, rising 0.20% to $1,868 per ounce.
Currencies: The US Dollar Index ticked lower by just 0.03%.
Interest Rates: The US 10-year Treasury yield fell to 1.566%.
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 Peter Brandt (@PeterLBrandt). It’s a daily bar chart of the Coffee ETF, $JO, over the past six months. Peter points out that $JO is breaking out to an all-time high from a 16-week cup & handle pattern. By the looks of this chart, your cup of morning joe is about to get a little more expensive.
Quote of the Day
“Everything you say should be true
but not everything true should be said.”
– Voltaire
Top Links
5 Charts – Time for Gold to Shine? – LPL Financial Research
In this video, Ryan Detrick and Scott Brown highlight five important macro charts.
Week Before Thanksgiving, DJIA up 19 of 28 but Weaker Lately – Almanac Trader
Seasonality expert, Jeff Hirsch examines how stocks have historically performed the week before Thanksgiving (next week).
Best & Worst S&P 500 Stocks Since September 30th – Bespoke
Bespoke takes a look at the strongest/weakest stocks so far in Q4.
Gold Hits New 52-Week Highs? – All Star Charts
JC Parets explains why Gold could continue higher in the coming weeks/months.
Stock Market Analysis November 12, 2021 – AlphaTrends
Brian Shannon recaps this week’s price action and lays out some key levels to keep an eye on next week.
Top Tweets
You’re all caught up now. Thanks for reading!