Daily Chart Report ? Tuesday, December 14th, 2021
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Today’s Summary
Tuesday, December 14th, 2021
Indices: Dow –0.30% | S&P 500 -0.75% | Nasdaq -1.14% | Russell 2000 -0.96%
Sectors: 2 of the 11 sectors closed higher. Financials led, gaining 0.60%. Tech lagged, falling 1.64%.
Commodities: Crude Oil futures moved lower by 0.79% to $70.73 per barrel. Gold futures dropped 0.89% to $1,772 per ounce.
Currencies: The US Dollar Index gained 0.20%.
Interest Rates: The US 10-year Treasury yield rose to 1.45%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared by Willie Delwiche (@WillieDelwiche). It’s a chart of Warren Buffett’s Berkshire Hataway year-to-date ($BRKB). The top 5 holdings include Apple, Bank of America, American Express, Coca-Cola, and Kraft Heinz. Willie points out that Berkshire printed a fresh all-time high today for the first time since May. Interestingly, Apple has grown to represent nearly half of Berkshire’s equity portfolio. As Willie notes, the overall market environment can’t be that bad if this group of solid stocks is breaking out to record highs. After emerging from a seven-month base, Berkshire looks poised for its next leg higher.
Quote of the Day
“Predicting rain doesn’t count,
building an ark does.”
– Warren Buffett
Top Links
The Stealth Bear Market – PFT Trading
Greg Rieben weighs in on the weakness is breadth.
5 Key Takeaways – All Star Charts
The team at All Star Charts highlights five technical developments to keep an eye on over the next few weeks.
Who Charted? New Highs are NOT Bearish – Potomac Fund Management
In this quick video, Dan Russo and Drew Wells review six charts in six minutes.
Record High for the Consumer Staples Sector – LPL Financial Research
The team at LPL Financial Research examines the recent strength of the Consumer Staples sector.
The Age of Financial Misinformation – Of Dollars and Data
Here’s a good read from Nick Maggiulli in which he takes a look at some ugly chart crimes.
Top Tweet
You’re all caught up now. Thanks for reading!