Daily Chart Report ? Thursday, December 9th, 2021
Sponsored By:
Today’s Summary
Thursday, December 9th, 2021
Indices: Dow 0.00% | S&P 500 -0.72% | Nasdaq -1.71% | Russell 2000 -2.27%
Sectors: 2 of the 11 sectors closed higher. Consumer Staples led, rising 0.27%. Consumer Discretionary lagged, falling 1.73%.
Commodities: Crude Oil futures dropped 1.96% to $70.94 per barrel. Gold futures fell 0.49% to $1,777 per ounce.
Currencies: The US Dollar Index rose 0.27%.
Interest Rates: The US 10-year Treasury yield fell to 1.50%.
Interest Rates: The US 10-year Treasury yield rose to 1.525%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared by Drew Wells (@DrewTheCharts). It’s a chart of the S&P 500 Low Volatility Index over the past year, with the S&P 500 below it. The Low Volatility Index tracks the 100 most boring (least volatile) stocks in the S&P 500, including PepsiCo, Verizon, Procter & Gamble, Hershey’s, and more. Drew points out that Low-Volatility stocks are breaking out to all-time highs, while the S&P 500 stalls at resistance. This isn’t the most encouraging development for the bulls. Typically, you want to see the more aggressive High Beta stocks leading and breaking out. Instead, market participants are hiding out in the safer, less volatile names. The tape continues to be two-sided, but this is one area of the market that is currently working.
Quote of the Day
“I’m only rich because I know when I’m wrong. I basically have survived by recognizing my mistakes.”
– George Soros
Top Links
The Charts That Defined 2021 – YCharts
In this video, Josh Brown joins YCharts to break down some of the most noteworthy charts and macro themes from this past year.
Still a Lot of Work to Do to Fix the Breadth Mess – Potomac Fund Management
Dan Russo shares his weekly breadth analysis.
Not Pessimistic But Not Optimistic Either – Bespoke
Bespoke breaks down the results of the latest sentiment surveys.
Fairlead Strategies Idea Generator (PCH) – Fairlead Strategies
Katie Stockton outlines a bullish trade idea on a Timber-related REIT – PotlatchDeltic ($PCH).
Bitcoin vs. Etherium: It’s an Easy Choice – StockCharts.com
Tom Bowley explains that Bitcoin will likely continue underperforming Ethereum.
Top Tweet
You’re all caught up now. Thanks for reading!