Daily Chart Report ? Friday, May 10th, 2019
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Today’s Summary
Friday, May 10th, 2019
Indices: US stocks ended the week on a positive note, with the Dow Jones Industrial Average closing up 114 points or 0.44%.
Sectors: All 11 S&P 500 sectors closed positive. Utilities led, gaining 1.79%. Healthcare lagged closing up 0.03%.
Commodities: WTI Crude Oil futures were more or less unchanged and closed at $61.71 per barrel. Gold futures were higher by 0.12% and are trading around $1,287 per ounce.
Currencies: The US Dollar Index fell 0.05%.
Interest Rates: The US 10-year Treasury Yield rose to 2.473%.
Here are some of the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s chart of the day was shared in a research note from Bespoke. It’s a chart showing the relative strength of both Healthcare (Red) and Technology (Green), over the past year. Bespoke notes that the relative strength of Technology seems to have topped out in the past few days. At the same time, Healthcare has been showing newfound strength. This is interesting because, on a YTD basis, Technology is the best performing sector and Healthcare is the worst.
Quote of The Day
“Short-term volatility is greatest at turning points and diminishes as a trend becomes established.“
– George Soros (Investor, Billionaire, Philanthropist)
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Three Bright Spots Outside the United States - David Keller - StockCharts.com
Here's a piece from David Keller that touches on the three international ETFs that he's watching right now. Technical Analysis Radio Podcast with Paul Ciana Brian Shannon’s Weekly Market Recap Nasdaq 100 Technicals Point to Bullish Rebound - Ari Wald - Bloomberg May Options Expiration Week: Recent Weakness - Almanac Trader |
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