Daily Chart Report ? Tuesday, November 16th, 2021

Patrick Dunuwila
November 16, 2021

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Today’s Summary
 Tuesday, November 16th, 2021

Indices: Dow +0.15% | S&P 500 +0.39% | Nasdaq +0.76% | Russell 2000 +0.17%

Sectors: 5 of the 11 sectors closed higher. Consumer Discretionary led, gaining 1.58%. Communications lagged, falling 0.75%.

Commodities: Crude Oil futures slipped 0.37% to $80.58 per barrel. Gold futures fell 0.78% to $1,852 per ounce.

Currencies: The US Dollar Index continued higher by 0.41% to its highest level in over a year.

Interest Rates: The US 10-year Treasury yield rose to 1.637%.

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 Alfonso Depablos (@AlfCharts). It’s a daily candlestick chart of Home Construction ETF, $ITB, over the past 11 months. The largest stocks in this ETF include $DHI, $LEN, $NVR, $PHM, $LOW, $SHW, and $HD. Alfonso points out that $ITB is breaking out to all-time highs for the first time since May. It’s emerging from a 6-month base and looks poised for its next leg higher.

Quote of the Day

“Research is what I’m doing
when I don’t know what I’m doing.”

– Werner von Braun

Top Links

Moderate Risk-On – Cannon Advisors
Damanick Dantes examines the rising correlation between the VIX and the S&P 500.

The Golden Ticket – 22V Research
John Roque shares his thoughts on the recent strength in Gold and Gold Mining Stocks.

The Metaverse – Stocks to Watch – Honey Stocks Charting
Sam McCallum highlights some Metaverse-themed stocks to keep an eye on.

Top Tweets

You’re all caught up now. Thanks for reading!

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