Daily Chart Report ? Tuesday, December 13th, 2022
Sponsored By:
Today’s Summary
Tuesday, December 13th, 2022
Indices: Nasdaq 100 +1.09% | Russell 2000 +0.76% | S&P 500 +0.73% | Dow +0.30%
Sectors: 9 of the 11 sectors closed higher. Real Estate led, rising +2.20%. Consumer Staples lagged slipping -0.14%.
Commodities: Crude Oil futures rose +2.85% to $75.39 per barrel. Gold futures gained +1.82% to $1,826 per ounce.
Currencies: The US Dollar Index dropped -0.95% to $103.99.
Crypto: Bitcoin gained +3.21% to $17,762. Ethereum rose +3.59% to $1,320.
Interest Rates: The US 10-year Treasury yield dropped to 3.505%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared by Chris Ciovacco (@CiovaccoCapital). The chart shows the 200-day moving average of the NYSE Composite Index ($NYA) over the past six weeks. Between today’s CPI release and tomorrow’s Fed decision, this week is filled with noise. In a choppy environment like this, Chris reminds us that the long-term continues to steadily decline. The 200-day moving average is often looked at as either support or resistance, however, it’s more practically used to gauge the direction of the long-term trend. The NYSE has been trading above it for nearly four weeks now, but price will need to continue above it for a while before the long-term trend is a bull’s friend again.
Quote of the Day
“Having a quote machine is like having a slot machine on your desk – you end up feeding it all day long. I get my price data after the close each day.”
– Ed Seykota
Sponsored:
Save up to 60% on TrendSpider for a limited time!
The holidays have arrived, and TrendSpider is starting off the season with a little gift-giving!
Don’t miss your chance to try the only all-in-one trading software at a huge discount this year. Take advantage of the early bird special by December 18th and save up to 60% when you sign up!
Claiming this discount is simple, click the button below to explore plan options and product details.
Top Links
VIX Death Cross Historically Bullish for S&P 500 over Next 2 Weeks – Alamanc Trader
Jeff Hirsch examines how the S&P 500 has historically performed when the VIX prints a Death Cross.
Is Anyone Bullish? ? – Carson Group
Ryan Detrick takes a look at sentiment.
December Strategy Session: 3 Key Takeaways – All Star Charts
The team at All Star Charts highlights three things to watch in the coming weeks.
Fund Flow Data Key Takeaways – Strategas Asset Management
In this quick video, Todd Sohn shares three key insights from recent fund flows.
How Often is the Market Down in Consecutive Years? – A Wealth of Common Sense
Ben Carlson looks at the historical frequency of back-to-back annual losses in the S&P 500.
Top Tweets
You’re all caught up now. Thanks for reading!
