Daily Chart Report ? Thursday, December 23rd, 2021
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Today’s Summary
Thursday, December 23rd, 2021
Indices: Dow +0.55% | S&P 500 +0.62% | Nasdaq +0.85% | Russell 2000 +0.89%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining 1.39%. Real Estate lagged, falling 0.30%.
Commodities: Crude Oil futures rose 1.42% to $73.79 per barrel. Gold futures gained 0.53% $1,812 per ounce.
Currencies: The US Dollar Index inched lower by 0.06%.
Interest Rates: The US 10-year Treasury yield rose to 1.494%.
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 Pinecone Macro (@pineconemacro), It's a daily candlestick chart of S&P 500 futures over the past three months. Christmas came early for the bulls this year, with the S&P 500 closing at an all-time high today. The market will be closed tomorrow for Christmas Eve, but Monday kicks off the famous Santa Claus Rally period, which includes the last five trading days of December and the first two in January. Over the past 70 years, this seven-day stretch has been higher 78.9% of the time for an average gain of 1.33%. However, when Santa fails to show up during this period, it has historically been a bad omen for January and Q1. The S&P 500 is in a good position here closing at a fresh high ahead of one of the most bullish seven-day stretches of the year. But either way, there will be some valuable information to be gleaned from the next seven days of price action. Click here for everything you need to know about the Santa Claus Rally.
Quote of the Day
“If Santa should fail to call,
bears may come to Broad and Wall.”
- Yale Hirsch
Top Links
Santa Claus Rally: After a Choppy December, 'Stock Probably Go a Little Higher' Strategist Says - Yahoo Finance
In this clip, Ryan Detrick of LPL Financial Research explains everything you need to know about the Santa Claus Rally.
Nasdaq & Russell 2000 Most Bullish Day After Christmas - Almanac Trader
Seasonality expert, Jeff Hirsch examines how the major indices have historically performed the day after Christmas.
Only One Other Year Can Truly Compare to 2021 - SentimenTrader
Jason Goepfert points out that this year was fairly similar to 1995 for the S&P 500.
Monitoring Trends in the Indices with Dan Russo - TD Ameritrade Network
In this clip, Dan Russo shares his outlook on the market.
FICC Analysis for 2022 with Paul Ciana - Technical Analysis Radio
In this podcast, JC Parets and Paul Ciana of Bank of America discuss the technical developments in the fixed income markets.
Top Tweets
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