Daily Chart Report ? Thursday, April 14th, 2022
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Today’s Summary
Thursday, April 14th, 2022
Indices: Dow -0.33% | Russell 2000 -0.99% | S&P 500 -1.21% | Nasdaq 100 -2.28%
Sectors: 2 of the 11 sectors closed higher. Energy led, rising +0.33%. Technology lagged, dropping -2.43%.
Commodities: Crude Oil futures moved higher by +2.59% to $106.95 per barrel. Gold futures fell -0.49% to $1,975 per ounce.
Currencies: The US Dollar Index gained +0.49%.
Crypto: Bitcoin fell -2.93% to $39,940. Ethereum gained -3.12% to $3,022.
Interest Rates: The US 10-year Treasury yield rose to a fresh three-year high of 2.827%.
**Reminder: The US Stock Market and Bond Market will both be closed tomorrow, Friday, April 15th, for Good Friday**
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 Willie Delwiche (@WillieDelwiche). This week's AAII Sentiment Survey results showed only 16% of respondents are bullish on the Stock Market. That's the lowest percentage of bulls in nearly 30 years! In a comment to The Chart Report, Willie said, "Sentiment is contrarian in nature, especially at extremes, and this is certainly an extreme. However, it's important to view sentiment as more of a condition underlying the market, rather than a catalyst for a move."
Quote of the Day
“Whenever you see a successful business, someone once made a courageous decision."
- Peter F. Drucker
Top Links
Commodities Continue - The Chart Report
In this quick video, Ian Culley and I discuss the continued outperformance from Commodities and Commodity-related Stocks.
Where Have all the Bulls Gone? - Bespoke
Bespoke breaks down the results of the latest AAII Sentiment Survey.
Fewest Bulls Since 1992 - All Star Charts
JC Parets shares his thoughts on sentiment.
Crude Oil; Blast Off Time or Heading To $60 Range? Inflection Triangle in Play! - Kimble Charting Solutions
Chris Kimble takes a look at an important test going on in Crude Oil.
Bitcoin, Gold, Oil, Stocks What are The Charts Saying? April 14, 2022 - AlphaTrends
Brian Shannon highlights some key levels to watch in the near term.
Join us in-person or virtually at the 49th Annual CMT Symposium on April 28th-29th in Washington D.C.
Top Tweets
You’re all caught up now. Thanks for reading!