Daily Chart Report ? Friday, August 6th, 2021

Today’s Summary
Friday, August 6th, 2021

Indices: US Stocks closed higher in today's session, with the Dow rising 144 points or 0.41%. The S&P 500 inched higher by 0.17%, while the Nasdaq fell 0.40%. The Russell outperformed, gaining 0.53%.

Sectors: 4 of the 11 sectors closed higher. Financials led, gaining 2.02%. Consumer Discretionary lagged, falling 0.68%.

Commodities: Crude Oil futures fell 1.17% to $68.28 per barrel. Gold futures dropped 2.53% to $1,763 per ounce.

Currencies: The US Dollar Index rose 0.57%.

Interest Rates: The 10-year US Treasury yield moved higher to 1.858%.

Here are the best charts, articles, and ideas being shared on the web today!

Chart of the Day

And again, like almost everywhere else, the February highs seems to be the level to beat.

It is interesting that 3 of the top 5 holdings belong to the financial sector.$MTUM pic.twitter.com/ASUrCYm0JR

— Alfonso Depablos (@AlfCharts) August 6, 2021

Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It's a daily candlestick chart of the Momentum ETF, $MTUM, over the past year. This ETF provides exposure to large- and mid-cap U.S. stocks exhibiting relatively higher price momentum. The top-weighted stocks in $MTUM include Tesla ($TSLA), Walt Disney ($DIS), JP Morgan Chase ($JPM), Berkshire Hathaway ($BRKB), and Bank of America ($BAC). Alfonso points out that $MTUM is breaking out to record highs for the first time since February. Price has formed a solid base over the past six months to launch from. Now that price is in blue-sky territory, there is virtually no overhead supply to prevent it from making a new leg higher.

Quote of the Day

“There's a sunrise and a sunset every single day, and they're absolutely free. Don't miss so many of them.”

– Jo Walton