Daily Chart Report ? Thursday, December 17th, 2020
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Today’s Summary
Thursday, December 17th, 2020
Indices: US Stocks closed higher across the board in today’s session. The Dow Jones Industrial Average advanced 149 points or 0.49%. The S&P 500 and Nasdaq rose 0.58% and 0.84%, respectively. Small-Caps outperformed, with the Russell 2000 gaining 1.30%.
Sectors: 9 of the 11 sectors closed higher. Real Estate led, rising 1.17%. Energy lagged, falling 0.47%.
Commodities: Crude Oil futures moved higher by 1.51% to $48.54 per barrel. Gold futures gained 1.68% $1,890 per ounce.
Currencies: The US Dollar Index dropped 0.71% to a new 2-year low.
Interest Rates: The 10-year US Treasury yield moved higher to 0.938%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared on Twitter by Mark Ungewitter (@mark_ungewitter). The chart shows the S&P 500 over the past two years, along with three other global equity ETFs – Developed Europe ($VGK), Developed Pacific ($VPL), and Emerging Markets ($VWO). Mark points out that all three of these global ETFs are currently trading above their February peaks. This shows healthy demand and risk appetite for stocks as an entire asset class. The simple takeaway here is that stocks are breaking out around the world, which is anything but bearish.
Quote of the Day
“Charts really are the footprint of money.”
– Fred McAllen
Top Links
Thursday Top Three - Jotting on Charts
Grant Hawkridge offers three noteworthy charts to keep an eye on.
Aussie, Aussie, Aussie… – Cully Charts
Ian Cully examines what the Aussie Dollar could be telling us about the current market environment.
Euro Currency Bull Market Breakout… Ready to Launch in 2021? – Kimble Charting Solutions
Chris Kimble breaks down a long-term chart of the Euro.
It’s All About Da Base….. – StockCharts.com
Julius de Kempenaer offers his technical take on Bitcoin.
Bitcoin Goes Bonkers – Bespoke
Bespoke shares some incredible stats about the surge in Bitcoin over the past couple of days.
Top Tweets
aggressively long at the 61.8.$COPX $HG_H pic.twitter.com/lgyii21upY
— J4 (@J4_doji) December 17, 2020