Daily Chart Report ? Friday, December 20th, 2019
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Today’s Summary
Friday, December 20th, 2019
Indices: US stocks ended the week on a positive note with the Dow Jones Industrial Average advancing 78 points or 0.28%. The S&P 500 and Nasdaq closed higher by 0.49% and 0.42%, respectively. The Russell 2000 gained 0.29%.
Sectors: Health Care led, gaining 0.29%. Financials lagged, falling 0.39%.
Commodities: Crude Oil futures fell 1.02% to $60.38 per barrel. Gold futures slipped 0.13% to $1,482 per ounce.
Currencies: The US Dollar Index rose 0.34%.
Interest Rates: The US 10-year Treasury yield slipped to 1.919%.
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 on Twitter by Cousin Vinny (@Couzin_Vinny). It’s a daily candlestick chart of the S&P 500 ETF, $SPY, over the course of 2019. The ETF closed at an all-time high today for the sixth time this month. Vinny highlights the fact that the index is up about 13% from the October lows. This is a stark contrast to how the S&P 500 was performing this time last year. Between October 1st and Christmas eve of last year, the index plunged nearly 20%, which was unusual considering that the fourth quarter is typically bullish for stocks. It’ll be interesting to see if $SPY will continue to charge higher going into the new year.
Quote of the Day
“Wouldn’t economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”
– Dan Ariely (Professor)
Top Links
Asian Tigers Make New Highs – The Chart Report
In this week’s Chart of the Week column, we point out that the Asia 50 ETF, $AIA, is breaking out. This ETF represents the “Four Asian Tigers” (Hong Kong, Taiwan, South Korea, and Singapore).
What Big Stock Market Returns in 2019 Mean For 2020 – A Wealth of Common Sense
Using history as a guide, Ben Carlson examines what 2019’s double-digit gains suggest for 2020.
Slicing and Dicing Seasonality – StockCharts.com
Julius de Kempenaer shares a unique chart that helps to visualize seasonality at the sector level.
Hirsch: If the Santa Claus Rally Should Fail to Call, Bears May Come to Broad & Wall – CNBC
Jeff Hirsch made an appearance on CNBC this morning to discusses some of the seasonality indicators to keep an eye on in the coming weeks.
Weekend Stock Market Recap – The Trade Risk
In this video, Evan Medeiros sums up this week’s price action in the major averages and sectors.
Top 10 Tweets
You’re all caught up now. Thanks for reading!