Tuesday, November 5th, 2019
Indices: US stocks were little changed in today’s session with the Dow Jones Industrial Average inching up 30 points or 0.11%. The S&P 500 closed down 0.12%, while the Nasdaq changed just 0.02%.
Sectors: Financials led, gaining 0.37%. Real Estate lagged for the third straight session, falling 1.73%.
Commodities: Crude Oil futures moved higher by 1.83% to $57.24 per barrel. Gold futures droped 1.82% to $1,484 per ounce.
Currencies: The US Dollar Index rose 0.43%.
Interest Rates: The US 10-year Treasury yield moved higher to 1.851%.
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 on Twitter by Nautilus Research (@NautilusCap). It’s a collection of nine important charts to keep an eye on right now. From top left to bottom right, the charts are; the S&P 500 index, S&P 500 equal weight, Technology, Semiconductors, Industrials, Global, Small-Caps, Emerging Markets, and Financials. All nine of these indices and sectors are breaking out from key resistance. It’s hard to be bearish in an environment where breakouts are happening left and right. However, these breakouts must continue to hold for the overall outlook to remain bullish.
Quote of The Day
“Sometimes life hits you in the head with a brick. Don’t lose faith.”
– Steve Jobs (Co-founder of Apple Inc.)
Bulls Stay in Motion – LPL Financial Research
In this note, the team at LPL Financial Research uses historical data to explain why the S&P 500 is likely to continue higher in the final two months of 2019.
Best and Worst Performing Russell 1,000 Stocks YTD – Bespoke
Bespoke highlights the best and worst-performing stocks in the Large-cap Russell 1000 index.
Natural Gas is Up 38% of Late, is it Just Getting Started? – Kimble Charting Solutions
Chris Kimble examines a chart of Natural Gas futures and argues that price will continue higher despite the fact that the commodity is already up 38% in the past 90-days.
Stocks Keep On – Factor Trading
Peter Brandt takes a look at several charts of interest that are trading at all-time highs.
Andrew Thrasher With a Volatility Update – TD Ameritrade Network
Andrew Thrasher made an appearance on TD Ameritrade Network today to discuss the current volatility environment.
Top 10 Tweets
Updated version of stock vs. bond chart we have been monitoring over past several months. Stocks still have favorable setup in place similar to constructive turns in 2011-2012 and 2015-2016.$SPY vs. $TLT pic.twitter.com/WW1ANb0uVp
— Chris Ciovacco (@CiovaccoCapital) November 5, 2019
The S&P 500 has carved out the smallest 2-day range as a percentage of spot since Sept 24, 2018. Lofty perch, lots of wind up that high pic.twitter.com/p3VWfuq74H
— John Kicklighter (@JohnKicklighter) November 5, 2019
— Dana Lyons (@JLyonsFundMgmt) November 5, 2019
The Growth to Value Shift pic.twitter.com/p1yM2nuCWn
— Dan Russo, CMT (@DanRusso_CMT) November 5, 2019
— Aaron (@ATMcharts) November 5, 2019
The Germany DAX 30 Index $DAX outperforming US large caps $SPY may be viewed as bullish evidence in the case for US small/mid cap outperformance. The DAX consists of the 30 largest German companies, but a handful of components fall below $10 billion in mkt cap – interesting pic.twitter.com/OTSQZc6w6n
— Shane C. Murphy (@murphycharts) November 5, 2019
As a homage to Linda Richman, “Talk amongst yourselves. I’ll give you a topic…” pic.twitter.com/uNOQPhdfYf
— Wolfe Daily Howl (@WolfeDailyHowl) November 5, 2019
Copper, CMT is heading up and to the right (making higher highs) – that has bullish implications for Emerging Markets. pic.twitter.com/0dKXBhl1Py
— Willie Delwiche (@WillieDelwiche) November 5, 2019
— jeroen blokland (@jsblokland) November 5, 2019
prices keep chopping around near important support/resistance. An upside resolution here could set the stage for a run to new all-time highs imo pic.twitter.com/GXDrrLVQSy
— J.C. Parets (@allstarcharts) November 5, 2019
Wednesday, November, 20th – New York Chapter Meeting featuring Gina Martin Adams, CMT, CFA
Thursday, November, 21st – Washington DC/Baltimore Chapter Meeting featuring Katie Stockton, CMT
You’re all caught up now. Thanks for reading!