Friday, July 12th, 2019
Indices: US stocks were higher in today’s session with the Dow Jones Industrial Average gaining 244 points or 0.90%. The S&P 500 was the weakest of the major indices but still closed up 0.46%.
Sectors: Industrials led for the second day in a row, gaining 1.75%. Health Care lagged, falling 1.11%.
Commodities: Crude Oil futures were unchanged and settled at $60.21 per barrel. Gold futures rose 0.35% to $1,412 per ounce.
Currencies: The US Dollar Index fell 0.34%.
Interest Rates: The US 10-year Treasury yield fell to 2.124%
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 Rich Meatto (@koyfinTrader). It’s an area chart of the S&P 500 over the past decade with a histogram of trailing 12-month returns in the bottom panel. Rich says the resilience of the S&P 500 has been “amazing” over the past decade as the trailing annual return has only been negative for a handful of weeks. This chart speaks to the strength of the secular bull market US Equities have experienced off of the financial crisis lows. The market is either in a state of all-time highs or a drawdown at any given period… and at least on a 12-month basis, drawdowns have been all but absent over the past 10 years.
Quote of The Day
“True knowledge exists in knowing you know nothing.”
– Socrates (Philosopher)
Portfolio Manager and Volatility Expert, Andrew Thrasher was on TD Ameritrade to share his thoughts on the current market environment.
Breakouts to 52-Week Highs – Bespoke
Here’s a note from Bespoke that highlights some of the stocks that are currently printing new 52-week highs.
A Stock Market Trip Around the World – All Star Charts
A lot of us have a home country bias and only focus on US stocks. In this video, JC Parets and Phil Pearlman run through a number of different global equity markets to find the best risk/reward opportunities around the world.
Trading IPO’s – Kathy Donnelly – Futures Radio Show
In this podcast, Kathy Donnelly and host, Anthony Crudele discuss her process for trading and analyzing IPO stocks.
Gold is Doing Better than the World’s Major Currencies – Stock Charts
In this article, legendary Technician, John Murphy offers up some insights on the rally in Gold prices that’s been taking place over the past few months.
Top 10 Tweets
— Dan Russo, CMT (@DanRusso_CMT) July 12, 2019
The Dow is has gapped higher three consecutive days and twice to records. Feels like a low-budget remake of 2H 2017 pic.twitter.com/kJZLhuxYct
— John Kicklighter (@JohnKicklighter) July 12, 2019
Small Caps – For the most part, we could have said this in 1994, 1995, 1996, 1997, 1998, and 1999:
"Small caps are underperforming"
Over that period, the S&P 500 gained 215%; the NASDAQ gained 424%.
— Chris Ciovacco (@CiovaccoCapital) July 12, 2019
— BostonCharts (@bostonchaahhts) July 12, 2019
Fundamental story looks great (as well as all the fantastic people & food there)… but flows are getting quite hot.
Maybe this could use a pullback or consolidation to rebuild the wall of worry?
— Macro Charts (@MacroCharts) July 12, 2019
— Aksel Kibar, CMT (@TechCharts) July 12, 2019
US 10-year Yields Bottoming ??? pic.twitter.com/bskRmzUIX7
— Nautilus Research (@NautilusCap) July 12, 2019
— Gregory Krupinski (@G_krupins) July 10, 2019
— Todd Harrison (@todd_harrison) July 12, 2019
Can't talk right now call you later bro. pic.twitter.com/tTIpWeAOKa
— Arun S. CFA CMT🧐 (@FusionptCapital) July 12, 2019