Daily Chart Report 📈 Tuesday, June 11, 2024

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Today’s Summary
Tuesday, June 11, 2024

Indices: Nasdaq 100 +0.71% | S&P 500 +0.27% |  Russell 2000 -0.31% | Dow -0.36%

Sectors: 2 of the 11 sectors closed higher. Technology led, rising +1.86%. Financials lagged, falling -1.14%.

Commodities: Crude Oil futures rose +0.21% to $77.90 per barrel. Gold futures were flat at $2,326 per oz.

Currencies: The US Dollar Index rose +0.15% to $105.26.

Crypto: Bitcoin fell -3.16% to $67,306. Ethereum dropped -4.60% to $3,497.

Volatility: The Volatility Index gained +0.86% to 12.86.

Interest Rates: The US 10-year Treasury yield dropped to 4.406%.

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

Chart of the Day

🏆 Today’s Chart of the Day was shared by Brian Lund (@bclund).

• Apple ($AAPL) violently broke out to an all-time high today. The stock had its best day since November 2022, surging +7.26% on high volume. It closed firmly above $200 for the first time.

• In less than a year, $AAPL has gone from being the largest stock in the S&P 500 to the third-largest after being surpassed by Microsoft ($MSFT) and Nvidia ($NVDA). However, $AAPL single-handedly kept the S&P 500 in positive territory today.

• $AAPL hasn’t participated in the bull market over the past year. It’s been rangebound, but it’s finally resolving higher. Seasonality is also bullish, considering $AAPL has a perfect track record in July over the past eight years, boasting an impressive average gain of +8.23%.

The takeaway: The third-largest stock, Apple Inc. ($AAPL), broke out to all-time highs today. It has made ZERO progress over the past year, but it looks ready to resume its primary uptrend.

You’re all caught up now. Thanks for reading!