Daily Chart Report ? Monday, October 31st, 2022
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Today’s Summary
Monday, October 31st, 2022
Indices: Russell 2000 0.00% | Dow -0.39% | S&P 500 -0.75% | Nasdaq 100 -1.22%
Sectors: Energy was the only positive sector, gaining +0.84%. Communications lagged dropping -1.67%.
Commodities: Crude Oil futures moved lower by -1.56% to $86.53 per barrel. Gold futures fell -0.25% to $1,641 per ounce.
Currencies: The US Dollar Index rose +0.82%.
Crypto: Bitcoin fell -0.80% to $20,242. Ethereum fell -1.21% to $1,570.
Interest Rates: The US 10-year Treasury yield rose to 4.052%.
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). October certainly lived up to its reputation as a turnaround month. The Dow had its best month since 1976, rising 14%, while the S&P 500 rose about 8%. As we turn the calendar, Ryan points out that November has been the second-best month for the S&P 500 in midterm years. The S&P 500 hasn't had back-to-back monthly gains in more than a year now. Will November change that?
Quote of the Day
“New bull markets often feature new leaders.”
- Walter Deemer
Top Links
Best October Since... - Bespoke
Bespoke breaks down how the major indices performed in October.
Biggie Smalls - All Star Charts
JC Parets takes a look at the recent outperformance from Small-Cap stocks.
Will Semiconductor Stocks Send a Trick or Treat Message to Tech Sector? - Kimble Charting Solutions
Chirs Kimble points out that Semiconductor stocks are at a key inflection point.
9 Reasons We May Have Seen The Bottom This Week - The Lund Loop
Brian Lund lays out 9 reasons the bottom might be in.
Trendlines over Headlines with Special Guest, Walter Deemer - The Chart Report
Check out the latest episode of Trendlines over Headlines! Walter Deemer joins us to discuss what investors can learn from the Go-Go years of the late 60s, and the high-flying growth stocks of the early 70s.
Top Tweets
Dow had its best monthly outperformance vs. the Nasdaq since February 2002 pic.twitter.com/6XYp6EpduP
— MicroSectors (@msectors) October 31, 2022
You’re all caught up now. Thanks for reading!