Daily Chart Report ? Monday, February 7th, 2022
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Today’s Summary
Monday, February 7th, 2022
Indices: Dow 0.00% | S&P 500 -0.37% | Nasdaq -0.58% | Russell 2000 +0.51%
Sectors: 5 of the 11 closed higher. Energy led, gaining 1.28%. Communications lagged, falling 1.74%.
Commodities: Crude Oil futures fell 1.07% to $91.32 per barrel. Gold futures rose 0.77% to $1,822 per ounce.
Currencies: The US Dollar Index moved slightly lower by 0.07%.
Interest Rates: The US 10-year Treasury yield inched higher to 1.918%
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared by Sam McCallum (@honeystocks1). It's a daily candlestick chart of the Oil & Gas Exploration & Production ETF ($XOP). This is one of the more important energy-related ETFs out there. Sam points out that $XOP is attempting to break out of a three-month base with resistance around $112. If $XOP breaks out here, it would be the latest bullish development for the Energy sector.
Quote of the Day
"You always own the option of having no opinion."
- Marcus Aurelius
Top Links
? Tell me what’s going on (What’s going on) ? - All Star Charts
JC Parets helps to make some sense out of the messy market environment.
Rates are on the Rise - Means to a Trend
Austin Harrison takes a look at interest rates and the yield curve.
Nice Rally. Now What? - PFT Trading
Greg Rieben highlights some things to watch in the near term.
Messy Markets - The Weekly Trend
In this podcast, David Zarling and Ian McMillan discuss several noteworthy developments to keep an eye on.
Gold "G-loiteers" - Bespoke
Bespoke examines the never-ending consolidation in Gold.
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You’re all caught up now. Thanks for reading!
