Daily Chart Report ? Wednesday, December 15th, 2021
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Today’s Summary
Wednesday, December 15th, 2021
Indices: Dow +1.08% | S&P 500 +1.63% | Nasdaq +2.15% | Russell 2000 +1.65%
Sectors: 10 of the 11 sectors closed higher. Technology led, gaining 2.65%. Energy was the only sector that closed lower, falling 0.49%.
Commodities: Crude Oil futures inched higher by 0.20% to $70.87 per barrel. Gold futures fell 0.44% to $1,765 per ounce.
Currencies: The US Dollar Index fell 0.24%.
Interest Rates: The US 10-year Treasury yield rose to 1.46%.
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 Mike Zaccardi (@MikeZaccardi). It’s a daily candlestick chart of the Micro-Cap ETF, $IWC, over the past year. Mike points out that Micro-Caps staged an impressive reversal in today’s session. $IWC broke down a couple of weeks ago, but it’s right back at the breakdown level now. If we follow through to the upside tomorrow it would qualify as a failed breakdown. As we know, failed breakdowns often lead to sharp moves higher. It also helps that RSI is diverging positively. Upside follow-through is key, so watch how Micro-Caps behave in the remainder of the week.
Quote of the Day
“Data visualization is the language of decision making. Good charts effectively convey information. Great charts enable, inform, and improve decision making.”
– Dante Vitagliano
Top Links
Five Important Charts To See Right Now – LPL Financial Research
The team at LPL Financial Research shares five must-see charts.
Mid-December Low Buy Point – Almanac Trader
Seasonality expert, Jeff Hirsch points out that stocks typically begin their December rally right about now.
The Lines in the Sand are Clear – Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.
Pockets of Strength in Emerging Markets – Bespoke
Bespoke breaks down the strongest/weakest countries within emerging markets.
Bullish Percent Index Gives Buy Signal? – Market Misbehavior
In this video, David Keller explains that the Bullish Percent Index just flipped from bearish to bullish.
Top Tweets
You’re all caught up now. Thanks for reading!