Daily Chart Report ? Monday, September 26th, 2022
Sponsored By:
Today’s Summary
Monday, September 26th, 2022
Indices: Nasdaq 100 -0.51% | S&P 500 -1.03% | Dow -1.11% | Russell 2000 -1.41%
Sectors: Consumer Staples was the only sector that closed higher, but by just +0.07%. Real Estates lagged, dropping -2.70%.
Commodities: Crude Oil futures fell -2.58% to $76.71 per barrel. Gold futures dropped -1.34% to a 2-year low of $1,633 per ounce.
Currencies: The US Dollar Index rose +0.96% to a fresh 20-year high.
Crypto: Bitcoin rose +1.66% to $19,126. Ethereum gained +2.78% to $1,328.
Interest Rates: The US 10-year Treasury yield rose to 3.926% – its highest in more than a decade.
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 Peter Brandt (@PeterLBrandt). It’s a quarterly candlestick chart of the Pound vs. the US Dollar over the past five decades. Fun fact; this currency pair got its nickname ‘Cable’ from the transatlantic cable installed in the mid-1800s to transmit the exchange rate between New York and London. Anyways, It crashed to its lowest level since 1985 today. It breached the all-time lows intraday, but it managed to close above it. The Pound is the 3rd largest component in the US Dollar Index, which closed at a fresh 20-year high today. Dollar strength has been a major headwind for risk assets all year, and we’re seeing that trend accelerate.
Quote of the Day
“Intuition will tell the thinking mind where to look next.”
– Jonas Salk
Top Links
Currency Capitulation – Means to a Trend
Austin Harrison takes a look at some of the wild moves in the currency market.
Under Pressure – The Weekly Trend
In this podcast, David Zarling, Ian McMillan, and Pratyush Tulsian discuss some of the most significant technical developments to be aware of.
NYSE Composite Breakdown, Taking Out the June Lows, Another Warning to Bulls – Kimble Charting Solutions
Chris Kimble points out that the NYSE Composite is below its Pre-Covid highs.
10 Chart Monday – Compound
Charlie Bilello highlights 10 noteworthy charts.
Trendlines Over Headlines with Special Guest, Scott Brown – The Chart Report
Catch up on the latest episode of Trendlines over Headlines. In this week’s episode, Scott Brown shares his perspective on the S&P 500, The Dollar, Crypto, Commodities, and more!
Top Tweets
You’re all caught up now. Thanks for reading!