Daily Chart Report ? Wednesday, December 22nd, 2021
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Today’s Summary
Wednesday, December 22nd, 2021
Indices: Dow +0.74% | S&P 500 +1.02% | Nasdaq +1.18% | Russell 2000 +0.86%
Sectors: All 11 sectors closed higher. Consumer Discretionary led, gaining 1.82%. Communications lagged but still rose 0.25%.
Commodities: Crude Oil futures rose 2.69% to $73.03 per barrel. Gold futures gained 0.89% $1,805 per ounce.
Currencies: The US Dollar Index fell 0.38%.
Interest Rates: The US 10-year Treasury yield inched lower to 1.455%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared by Steve Deppe (@SJD10304). It’s a daily bar chart of the 14th largest Cryptocurrency, Polygon ($MATIC), over the past year. Bitcoin has been a mess recently and Ethereum hasn’t been much better. But, there are still pockets of strength in the Crypto markets, and Polygon is one of the most attractive setups out there right now. Steve points out that Polygon is breaking out of a seven-month base within a strong uptrend. As long as price is above $2.50, there’s a good chance that it makes a fresh leg higher.
Quote of the Day
“Charts are the language of Wall Street.”
– John Roque
Top Links
Do You Believe In The Santa Claus Rally? – LPL Financial Research
The team at LPL Financial Research lays out everything you need to know about the Santa Claus Rally.
Providers and Pharmaceuticals Looking Strong Inside Healthcare – StockCharts.com
Julius de Kempenaer takes a look at the pockets of strength within the Health Care sector.
Best and Worst Performers Since Thanksgiving – Bespoke
Bespoke breaks down the strongest/weakest stocks since Thanksgiving.
We Would Like to See Some Follow Through – Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.
Top Tweets
You’re all caught up now. Thanks for reading!