Daily Chart Report ? Wednesday, December 29th, 2021
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Today’s Summary
Wednesday, December 29th, 2021
Indices: Dow +0.25% | S&P 500 +0.14% | Nasdaq -0.10% | Russell 2000 +0.12%
Sectors: 8 of the 11 sectors closed higher. Real Estate led, gaining 0.61%. Energy lagged, falling 0.64%.
Commodities: Crude Oil futures moved higher for the sixth consecutive day, rising 0.80% to $76.59 per barrel. Gold futures slipped 0.28% $1,806 per ounce.
Currencies: The US Dollar Index fell 0.25%.
Interest Rates: The US 10-year Treasury yield rose to 1.555%.
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 Shane Murphy (@murphycharts). It's a daily candlestick of the Dow Jones Industrial Average over the past year. The Dow rose for the sixth consecutive day today, but more importantly, it closed an all-time high for the first time in seven weeks. The S&P 500 also managed to close at a record high today, and the Nasdaq 100 is less than a percent away from joining the party. The Russell 2000 is still a trendless mess as it battles with a flat 200-day moving average. Nonetheless, the Dow joining the S&P 500 at all-time highs is a bullish development. After more than a month of no progress and a 6.6% drawdown, the Dow looks ready to move higher.
Quote of the Day
“Bad news travels at the speed of light;
good news travels like molasses.”
- Tracy Morgan
Top Links
Charts of the Year - LPL Financial Research
The team at LPL Financial Research sums up this year in charts.
Riding the Seasonal Bull - Humble Student of the Markets
Cam Hui takes a look at what has historically happened when the Santa Claus Rally starts of strong like it did this year.
The S&P is the Place to Be - Potomac Fund Management
Dan Russo highlights some key takeaways from recent price action.
Options Traders Reverse Their Bearish Bets - SentimenTrader
Jason Goepfert examines a reversal in the Put/Call Ratio.
IPO Death Cross - Bespoke
Bespoke points out that a Death Cross in the $IPO ETF may not be as ominous as it sounds.
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Top Tweets
You’re all caught up now. Thanks for reading!