Daily Chart Report ? Monday, December 12th, 2022
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Today’s Summary
Monday, December 12th, 2022
Indices: Dow +1.58% | S&P 500 +1.43% | Nasdaq 100 +1.24% | Russell 2000 +1.22%
Sectors: All 11 sectors closed higher. Energy led, rising +2.62%. Consumer Discretionary lagged but still rose +0.25%.
Commodities: Crude Oil futures gained +3.21% to $73.30 per barrel. Gold futures dropped -0.98% to $1,793 per ounce.
Currencies: The US Dollar Index inched higher by +0.06% to $104.99.
Crypto: Bitcoin gained +0.69% to $17,209. Ethereum rose +0.88% to $1,275.
Interest Rates: The US 10-year Treasury yield rose to 3.613%.
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 Rob Hanna (@QuantifiablEdgs). Tomorrow is the highly anticipated November CPI report where market participants will react to the latest inflation data. The market has been holding its breath for this report, considering the S&P 500 is essentially unchanged since last month’s report (excluding today’s rally). You might remember, the S&P 500 jumped +5.54% on last month’s report, which was its best day in more than two years, and its best CPI day ever. CPI days have become increasingly volatile throughout the year as inflation has become a growing concern. Rob points out that the S&P 500’s Average True Range on CPI day has been twice as large as any ‘normal’ day this year. Pay attention to how the market reacts tomorrow as we get the final batch of inflation data this year.
Quote of the Day
“Everybody in the world is a long-term investor until the market goes down.”
– Peter Lynch
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Top Links
What Did You Learn This Year? – MurphyCharts
Shane Murphy shares three key takeaways from this year.
Energy Running Out of Gas – Means to a Trend
Austin Harrison examines the outlook for Energy stocks.
Prepping for investing success in 2023 with JC Parets and Jay Woods – Yahoo Finance
In this video, Jared Blikre, Jay Woods, and JC Parets discuss what could be in store for the markets next year.
November Shift – The Weekly Trend
In this podcast, David Zarling and Ian McMillan share their thoughts on the current market environment.
Trendlines over Headlines with Special Guest, Joe Fahmy – The Chart Report
Catch up on the latest episode of Trendlines over Headlines! This week, Joe Fahmy of Zor Capital joins us to discuss the major indexes, growth stocks, interest rates, and more! Podcast version here.
Top Tweets
You’re all caught up now. Thanks for reading!
