Daily Chart Report ? Friday, July 15th, 2022
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Today’s Summary
Friday, July 15th, 2022
Indices: Russell 2000 +2.16% | Dow +2.15% | S&P 500 +1.92% | Nasdaq 100 +1.83%
Sectors: All 11 sectors closed higher. Financials led, gaining +3.38%. Utilities lagged, but still inched higher by +0.19%.
Commodities: Crude Oil futures rose +1.87% to $97.57 per barrel. Gold futures were flat and continue to trade at $1,706 per ounce.
Currencies: The US Dollar Index dropped -0.60%.
Crypto: Bitcoin rose +1.25% to $20,835. Ethereum gained +3.22% to $1,231.
Interest Rates: The US 10-year Treasury yield fell to 2.921%.
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 Stacey Lee (@BBaxter2020). The chart shows the four major index ETFs - $SPY, $QQQ, IWM and $DIA. The major indices closed nicely off their lows this week, however, Stacey points out that they still couldn't reclaim last week's highs. In addition, all four are still below downward sloping 10-week and 40-week moving averages. They say the trend is your friend, and right now, the trend in the major indices continues to be lower.
Quote of the Day
“The pessimist complains about the wind;
the optimist expects it to change;
the realist adjusts the sails.”
- William Arthur Ward
Trendlines Over Headlines
https://youtu.be/lcX4aXVkzL0
In this week's episode of Trendlines Over Headlines, Howard Lindzon joins us to talk Tech Stocks, Sentiment, Crypto, Private Equity, and more. Howard is the Founder of StockTwits and Social Leverage. He's known for his early-stage investments in companies like Robinhood, eToro, Koyfin, YCharts, Manscaped, and many more. Enjoy!
Top Links
A Shift in the Growth vs. Value Trend - Research by Potomac
Dan Russo examines several important risk ratios.
Can Oil Start to Rally? - StockCharts.com
Greg Schnell takes a look at Crude Oil and Energy Stocks.
"Show Me" Time for Bitcoin and Ethereum - All Star Charts
JC Parets points out that the two largest Cryptocurrencies are both testing crucial levels.
Top Tweets
You’re all caught up now. Thanks for reading!