Daily Chart Report ? Tuesday, February 8th, 2022
Sponsored By:
Today’s Summary
Tuesday, February 8th, 2022
Indices: Dow +1.06% | S&P 500 +0.84% | Nasdaq +1.28 | Russell 2000 +1.63%
Sectors: 8 of the 11 sectors closed higher. Materials led, gaining 1.55%. Energy lagged, dropping 2.15%.
Commodities: Crude Oil futures fell 2.15% to $89.36 per barrel. Gold futures rose 0.33% to $1,828 per ounce.
Currencies: The US Dollar Index gained 0.22%.
Interest Rates: The US 10-year Treasury yield continued higher to 1.965%.
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 Rolando Santos (@TKPTrader). We highlighted this chart last week, but a lot has changed in that short time. Over the weekend, Bitcoin reclaimed key support around $41k (red line) and it continues to trade firmly above it around $44k. Rolando points out that momentum has shifted back into a bullish range with RSI above 60 for the first time since November. This is a noteworthy improvement for Bitcoin. Bulls want to see price continue to hold above $41k, and RSI to remain in a bullish range above 50-60.
Quote of the Day
"The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge."
- Paul Tudor Jones
Top Links
Sector Performance YTD: Energy Dominates - Bespoke
Bespoke takes a look at the Energy sector's dramatic outperformance so far this year.
Are the Banks Gearing Up? - HoneyStocks
Sam McCallum points out that Bank stocks look ready to move higher.
Who Charted? | Time for the Rest of the World to Shine? - Potomac Fund Management
In this video, Dan Russo and Drew Wells highlight six noteworthy charts in six minutes.
Precious Metals "Cup" Patterns Have Long-Term Bulls Excited - Kimble Charting Soluitions
Chris Kimble examines the long-term outlook for Gold, Silver, and Copper.
Sponsored:
Top Tweets
You’re all caught up now. Thanks for reading!
