Daily Chart Report ? Monday, June 2nd, 2022
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Today’s Summary
Monday, June 6th, 2022
Indices: Nasdaq 100 +0.41% | Russell 2000 +0.36% | S&P 500 +0.31% | Dow +0.05%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining +1.00%. Real Estate lagged, falling 0.30%.
Commodities: Crude Oil futures inched higher by just +0.06% to $118.94 per barrel. Gold futures fell -0.30% to $1,845 per ounce.
Currencies: The US Dollar Index moved higher by +0.24%.
Crypto: Bitcoin rose +5.26% to $31,461. Ethereum gained +3.38% to $1,865.
Interest Rates: The US 10-year Treasury yield rose for the sixth consecutive day to 3.044%.
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 Moses (@DominickMike). It's a 15-minute candlestick chart of the S&P 500 over the past month. The S&P 500 has been stuck in a 100-point range over the past six sessions, between 4070 and 4170. As we highlighted last week, 4170 is a major level for the S&P 500 as it represents the March lows. A break above 4170, would strengthen the bull case. Either way, we'll likely see a resolution out of this range this week.
Quote of the Day
"If you can't sleep at night, reduce your positions or get out."
- Marty Zweig
Top Links
5 Charts to Pay Close Attention to This Week - PFT Trading
Greg Rieben highlights five noteworthy charts to keep an eye on this week.
Checking in on Commodities - Means to a Trend
Austin Harrison takes a look at several important Commodity charts.
12 Months of No Progress - All Star Charts
JC Parets points out that the Dow Transports and the Dow Industrial indexes have gone nowhere for over a year.
The Bears Keep the Ball in the U.S. Equity Markets - Potomac Fund Management
Dan Russo shares a few key points about the current market environment.
The 2 Most Surprising Charts RIGHT NOW - StockCharts.com
Tom Bowley explains why he's bullish on $IBM and $ZM.
Top Tweets
You’re all caught up now. Thanks for reading!