Daily Chart Report ? Monday, February 14th, 2022
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Today’s Summary
Monday, February 14th, 2022
Indices: Dow -0.49% | S&P 500 -0.38% | Nasdaq 0.00% | Russell 2000 -0.46%
Sectors: 2 of the 11 sectors closed higher. Consumer Discretionary led, gaining 0.57%. Energy lagged, falling 2.36%.
Commodities: Crude Oil futures rose 2.53% to a fresh seven-year high of $95.46 per barrel. Gold futures continued higher for the seventh consecutive day, rising 1.48% to $1,869 per ounce.
Currencies: The US Dollar Index rose 0.27%.
Interest Rates: The US 10-year Treasury yield rose to 1.989%.
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 Mike Zaccardi (@MikeZaccardi). It’s a daily candlestick chart of the Metals & Mining ETF, $XME, over the past five years. Commodity-related stocks continue to be a bright spot in this dull tape. This ETF has exposure to Coal, Industrial Metals, and Precious Metals. The five-heaviest weighted stocks include $BTU, $AA, $ARCH, $ATI, and $NEM. Mike points out that $XME is breaking out to its highest level in nearly a decade. It’s been rangebound between $40 and $48 over the past nine months, but it’s clearly resolving higher out of that range now.
Quote of the Day
“A big part of my process is taking signals from markets. I’ve always believed markets are smarter than I am.”
– Stanley Druckenmiller
Top Links
5 Charts You Should Be Watching This Week – PFT Trading
Greg Rieben breaks down five charts to watch this week.
The Battle Lines are Drawn: Growth vs. Value – Means to a Trend
Austin Harrison examines the rotation out of Growth and into Value.
One of These Sectors is Not Like the Others – Bespoke
Bespoke takes a look at the dramatic outperformance from the Energy sector.
Do You Own the Right FANG? – All Star Charts
JC Parets highlights some of the strongest/weakest areas of the market.
No Cigars – The Weekly Trend
In this podcast, David Zarling and Ian McMillan discuss the most important technical developments across the markets.
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Top Tweets
You’re all caught up now. Thanks for reading!
