Daily Chart Report ? Friday, March 18th, 2022
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Today’s Summary
Friday, March 18th, 2022
Indices: Nasdaq 100 +2.14% | S&P 500 +1.17% | Russell 2000 +1.02% | Dow +0.80%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining +2.11%. Utilities lagged, falling -0.85%.
Commodities: Crude Oil futures inched higher by +0.11% to $103.09 per barrel. Gold futures fell -0.72% to $1,929 per ounce.
Currencies: The US Dollar Index rose +0.22%.
Crypto: Bitcoin gained +2.20% to $41,863. Ethereum rose +4.88% to $2,950.
Interest Rates: The US 10-year Treasury yield fell to 2.155%.
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 Ryan Detrick (@RyanDetrick). The S&P 500 just had its best week since the 2020 Presidential Election, rising 6.16%. Ryan points out that Friday was the 4th consecutive day that the index rose 1% or more. We've only seen this happen 4 prior times since 1950, so the sample size is small, but returns have been strong across the board. The S&P 500 is still more than 6% below its all-time highs, so there's still a lot of work to be done. We reclaimed the 50-day moving average today, but we're still a hair below the 200-day. Let's see if the bulls can build on this momentum next week.
Quote of the Day
Top Links
Stocks Rebound, What's Next - The Chart Report
In this quick video, Steve Stazza and I discuss this week's rebound.
Rocks are Ready to Rip! - All Star Charts
The team at All Star Charts gives an update on Gold and Gold Mining Stocks.
Finally Some Good News - LPL Financial Research
In this video, Ryan Detrick and Scott Brown highlight five noteworthy charts to keep an eye on.
Not Going Down Without a Fight - Potomac Fund Management
Dan Russo examines some important ratio charts.
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Top Tweets
Now that's a bullish engulfing candle $KWEB pic.twitter.com/iX0s5r6X7T
— David Rath (@DJwrath) March 18, 2022
You’re all caught up now. Thanks for reading!
