Daily Chart Report ? Friday, December 10th, 2021
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Today’s Summary
Friday, December 10th, 2021
Indices: Dow +0.60% | S&P 500 +0.95% | Nasdaq +0.73% | Russell 2000 -0.38%
Sectors: All 11 sectors closed higher. Technology led, gaining 2.01%. Communications lagged but still ticked higher by 0.05%.
Commodities: Crude Oil futures rose 1.44% to $71.96 per barrel. Gold futures gained 0.36% to $1,783 per ounce.
Currencies: The US Dollar Index fell 0.16%.
Interest Rates: The US 10-year Treasury yield fell to 1.49%.
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
“Find a group of people who challenge and inspire you, spend a lot of time with them, and it will change your life.”
– Amy Poehler
Top Links
A Technical Take on the Fed | 5 Charts – LPL Financial Research
In this video, Ryan Detrick and Scott Brown break down five noteworthy charts.
A Major Breadth Reversal With a Compelling Record Just Triggered – SentimenTrader
Jason Goepfert takes a look at a bullish breadth thrust that just triggered.
Mixed Messages From Market Internals – All Star Charts
The team at All Star Charts examines market breadth.
Stock Market & Bitcoin Analysis Dec 10 2021 – AlphaTrends
Brian Shannon analyzes this week’s price action and highlights some key levels to keep an eye on next week.
Fill The Gap Podcast with Special Guest John Bollinger – CMT Association
In this podcast, the CMT Association interviews the creator of Bollinger Bands, John Bollinger.
Top Tweets
You’re all caught up now. Thanks for reading!