Daily Chart Report ? Friday, November 20th, 2020

Today’s Summary
Friday, November 20th, 2020

Indices: US Stocks closed lower in today's session, with the Dow Jones Industrial Average falling 219 points or 0.75%. The S&P 500 and Nasdaq slipped 0.68% and 0.42%, respectively. Small-Caps outperformed with the Russell 2000 ending flat on the day (0.07%).

Sectors: 10 of the 11 sectors closed lower. Utilities was the only sector to close higher, but just barely (0.02%). Tech lagged, falling 1.03%.

Commodities: Crude Oil futures moved higher by 1.36% to $42.47 per barrel. Gold futures rose 0.44% to $1,870 per ounce.

Currencies: The US Dollar Index inched higher by 0.11%.

Interest Rates: The 10-year US Treasury yield was unchanged at 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 by Frank Cappelleri of Instinet (@FrankCappelleri). It's a daily bar chart of the US Dollar Index ($DXY) over the past six months. Frank points out that the Dollar has been stuck in a range between 92 and 95 since July. It's trading below its 50, and 200-day moving averages, indicating the path of least resistance is lower. A weaker US Dollar is bullish for risk assets like Large-Caps, Emerging Markets, Commodities, and even Bitcoin. In a comment to The Chart Report, Frank said, "A lot of Dollar-sensitive areas of the market have already broken out ahead of a breakdown in the Dollar. So if we do see the Dollar resolve lower here, it could potentially fuel those breakouts even higher."

Quote of the Day