Daily Chart Report ? Friday, August 20th, 2021

Today’s Summary
Friday, August 20th, 2021

Indices: US Stocks ended the week on a positive note, with the Dow gaining 226 points or 0.65%. The S&P 500 and Nasdaq rose 0.81% and 1.19%, respectively. The Russell 2000 outperformed, closing higher by 1.65%.

Sectors: All 11 sectors closed higher. Technology led, gaining 1.29%. Consumer Staples lagged but still inched higher by 0.17%.

Commodities: Crude Oil futures fell for the seventh straight day, falling 2.58% to a four-month low of $61.86 per barrel. Gold futures were unchanged, and continue to trade at $1,783 per ounce.

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

Interest Rates: The 10-year US Treasury yield moved higher for the first time this week to 1.258%.

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 Pratyush Tulsian (@PrattyCharts). The chart shows three altcoins over the past year. On top, is the 3rd largest Cryptocurrency, Cardano ($ADAUSD). In the middle, is the 10th largest cryptocurrency, Solana ($SOLUSD). On the bottom, is the 55th largest cryptocurrency, Helium ($HNTUSDT). Pratty points out that all three of these altcoins look poised for another leg higher. As you can see, they're all breaking out of multi-month bases within strong longer-term uptrends. Crypto held up relatively well this week despite a risk-off tone in the equity markets, and eight-month highs in the US Dollar. You'd expect Cryptocurrencies to struggle in that sort of environment, but they didn't. Quite the opposite actually. That sort of resilience is a testament to how strong the underlying trend is at the moment.

Quote of the Day

"The weekends are for crypto."

– Howard Lindzon