Daily Chart Report ? Thursday, March 10th, 2022
Sponsored By:
Today’s Summary
Thursday, March 10th, 2022
Indices: Russell 2000 -0.23% | Dow -0.34% | S&P 500 -0.43% Nasdaq 100 -1.10%
Sectors: 5 of the 11 sectors closed higher. Energy led by a wide margin, gaining +3.06%. Tech lagged, dropping -1.75%.
Commodities: Crude Oil futures fell -2.47% to $106.02 per barrel. Gold futures gained +0.61% to $2,000 per ounce.
Currencies: The US Dollar Index rose +0.53%.
Crypto: Bitcoin dropped -6.01% to $39,433. Ethereum fell -4.38% to $2,608.
Interest Rates: The US 10-year Treasury yield rose to 1.992%.
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 Liz Ann Sonders (@LizAnnSonders). The chart shows the daily percentage changes in the Bloomberg Commodity Index over the past 22 years. Commodities haven’t been this volatile in over a decade. Last Tuesday was the best day for Commodities since March 2009. On the other hand, yesterday was the worst day for Commodities since October 2008. As Liz Ann says…volatile is perhaps an understatement for this asset class right now.
Quote of the Day
“Short term volatility is greatest at turning points and diminishes as a trend becomes established.”
- George Soros
Top Links
Midweek Update: Commodities Steal the Spotlight - The Chart Report
In this quick video, Ian Culley and I look at the volatility in Commodities.
Is the S&P 500 Bullish Divergence Signaling a Bottom For Stocks? - See It Market
David Keller examines a bullish momentum divergence in the world's most important index.
Investor Sentiment Remains Volatile - Bespoke
Bespoke breaks down the results of the latest AAII Sentiment Survey.
Don't Be Fooled By a One-Day 2.5% Jump - StockCharts.com
Julius de Kempenaer analyzes sector rotation within the S&P 500.
Are Copper Futures About to Soar Over $7 - Kimble Charting Solutions
Chris Kimble takes a look at a long-term chart of Copper.
Sponsored:
Top Tweets
You’re all caught up now. Thanks for reading!
