Daily Chart Report ? Thursday, November 19th, 2020

Today’s Summary
Thursday, November 19th, 2020

Indices: US Stocks settled higher in today's session, with the Dow Jones Industrial Average inching up just 45 points or 0.15%. The S&P 500 and Nasdaq rose by 0.39% and 0.87%, respectively. The Russell 2000 moved higher by 0.84%.

Sectors: 9 of the 11 sectors closed higher. Energy led, gaining 1.64%. Utilities lagged, falling 1.00%.

Commodities: Crude Oil futures slipped 0.26% to $41.90 per barrel. Gold futures fell 0.66% to $1,862 per ounce.

Currencies: The US Dollar Index was more or less flat (0.03%).

Interest Rates: The 10-year US Treasury yield dropped to 0.828%.

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 David Zarling (@AdaptivCharts). It's a ratio chart of Emerging Markets vs. the S&P 500 over the past four years ($EEM/$SPX). David points out that Emerging Markets could be poised to outperform US stocks over the next few months. $EEM has already broken out to multi-year highs on an absolute basis. On a relative basis, It's breaking out from a multi-year downtrend with a bullish RSI divergence. In a comment to The Chart Report, David explained "A large portion of $EEM is Asian Tech Stocks" The top four stocks in $EEM include Alibaba, Tencent, Taiwan Semiconductor, and Samsung. These four stocks represent over 20% of the ETF. David added, "If the US Dollar continues to break down here, it would only strengthen the bull case for Emerging Markets."

Quote of the Day