Daily Chart Report ? Monday, December 20th, 2021
Sponsored By:
Today’s Summary
Monday, December 20th, 2021
Indices: Dow -1.23% | S&P 500 -1.14% | Nasdaq -1.24% | Russell 2000 -1.57%
Sectors: All 11 sectors closed lower. Consumer Staples led, but still fell 0.65%. Energy lagged, dropping 2.50%.
Commodities: Crude Oil futures dropped 2.98% to $68.61 per barrel. Gold futures fell 0.57% $1,795 per ounce.
Currencies: The US Dollar Index slipped 0.17%.
Interest Rates: The US 10-year Treasury yield rose to 1.43%.
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). December is widely known as one of the strongest months for stocks. However, we have yet to see that seasonal strength play out, with the S&P 500 completely flat since the start of the month. Mike points out that seasonal strength in Post-Election years tends to come at the very end of the month, towards the Santa Claus Rally period. Many people mistake the Santa Claus Rally as occurring the entire month of December, but it’s really the last five trading days in December and the first two trading days in January. If we fail to see strength during this notoriously strong period, it would be a big red flag.
Quote of the Day
“We are choked with news and starved of history.”
– Will Durant
Top Links
Sector Rotation is Alive – But is it Healthy? – Means to a Trend
Austin Harrsion takes a look at the recent changes in sector leadership.
Okay, Okay – The Weekly Trend
In this podcast, David Zarling and Ian McMillan discuss some of the most important technical developments to keep an eye on.
Will Short-Term Weakness Hurt Long-Term Trends – Potomac Fund Management
Dan Russo shares some key takeaways from the current market environment.
Choppy Market Looking for Direction – Momentum Monday
In this video, Howard Lindzon and Ivanhoff highlight the strongest stocks, trends and themes across the markets.
Top Tweets
You’re all caught up now. Thanks for reading!