Daily Chart Report ? Tuesday, December 7th, 2021

Today’s Summary
Tuesday, December 7th, 2021

Indices: Dow +1.40% | S&P 500 +2.07% | Nasdaq +3.03% | Russell 2000 +2.28%

Sectors: All 11 sectors closed higher. Technology led, gaining 3.49%. Consumer Staples lagged, but still rose 0.22%.

Commodities: Crude Oil futures gained 3.68% to $72.05 per barrel. Gold futures rose 0.29% to $1,785 per ounce.

Currencies: The US Dollar Index was flat.

Interest Rates: The US 10-year Treasury yield rose to 1.477%.

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 Matt Weller (@MWellerFX). It's a daily candlestick chart of the S&P 500 over the past 1.5 years. The S&P 500 had its best day in nine months today. The index gapped higher this morning and closed just 0.38% shy of a record high. In hindsight, this was a fairly mild and healthy pullback. It probably didn't feel so mild with the VIX having its 4th best day in history at the start of the pullback. But, on a closing basis, the max drawdown was just 4.07%. Despite being mild, this pullback did a lot to help reset sentiment in a healthy way. To be fair, other indices like the Russell 2000 are in need of further repair. But at this point, the uptrend in the S&P 500 remains unscathed and all-time highs are the next objective.

Quote of the Day

“Losing potential profits hurts the ego;
losing money really hurts.”

- Gerald Appel