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Daily Chart Report ? Wednesday, September 1st, 2021

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Today’s Summary
Wednesday, September 1st, 2021

Indices: US Stocks were mixed in today's session. The Dow inched lower by just 48 points or 0.14%. The S&P 500 was flat (0.03%), while the Nasdaq rose 0.33% to an all-time high. The Russell 2000 outperformed, gaining 0.58%.

Sectors: 6 of the 11 sectors closed higher. Real Estate led for the third straight day, rising 1.72%. Energy lagged, falling 1.47%.

Commodities: Crude Oil futures slipped 0.41% to $68.22 per barrel. Gold futures ticked lower by just 0.10% to $1,816 per ounce.

Currencies: The US Dollar Index fell 0.14%.

Interest Rates: The 10-year US Treasury yield moved lower to 1.299%.

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 BostonCharts (@bostonchaahhts). It’s a weekly candlestick chart of Netflix over the past five years ($NFLX). Netflix has been a range-bound mess since last Summer, but it’s currently attempting to break out of that range. It just booked its highest monthly close ever yesterday, and its second-highest daily close today. After more than a year of sideways price action, could the stock finally be ready to trend higher?


Quote of the Day

"Do it or don't do it.
You will regret both."

- Søren Kierkegaard


Top Links

Sentiment Indicators Begining to Line Up With Equity Strength - Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.

A Sector Buy Signal with a 90% Win Rate - SentimenTader
Jason Goepfert points to a bullish breadth signal in the Financial sector. 

India (INDA) Ignites - Bespoke
Bespoke analyzes the strongest/weakest international equity markets.

Is Junk Bonds (JNK) Poor Performance A Red Flag For Investors? - Kimble Charting Solutions
Chris Kimble takes a look at what Junk Bonds could be signaling for the broader market.

Momentum, Breadth & Seasonality w/ Ed Clissold, Chief U.S. Strategist at Ned Davis Research - Technical Analysis Radio
In this podcast, JC Parets and Ed Clissold of Ned Davis Research discuss their tricks and tools for gauging the markets.


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