Daily Chart Report ? Tuesday, January 3rd, 2023

Daily Mkt Mood: Risk-Off

1. Stocks down on solid volume
2. Bonds rally, oil -4%
3. Dollar +1%
4. Apple, Tesla thrown out with the bath water

But… AMZN, GOOGL, META, PYPL & others up big.

It feels like $SPX rally may be ahead, but… feelings aren’t facts.

Need confirmation!

— Abigail Doolittle (@TheChartress) January 3, 2023

Final heat map of the S&P 500's $SPY performance from today pic.twitter.com/adhWs65m3R

— Savvy Trader (@SavvyTrader) January 3, 2023

Here's a look at YoY change for key ETFs versus today's performance to start the new year. Some big moves to start the new year, with Energy $XLE down 3.5% and Comm. Services $XLC up 1.3%. Brazil $EWZ fell 7.4% today while the rest of the world rallied. https://t.co/H4p1RcpfIn pic.twitter.com/wcTTvULTpp

— Bespoke (@bespokeinvest) January 3, 2023

- The average return on the Dow Jones since 1900 is 7.5%.

- The number of calendar years the return came in between 5-10% equals 11 out of a possible 123.

- That's less than 9% of the time!

The average return doesn't exist!@RyanDetrick pic.twitter.com/WQCrcOF9hs

— jeroen blokland (@jsblokland) January 3, 2023

Since 1950, pre-election years have ended with a gain of at least 10%, 13 out of 18 times, or 72% of the time.

7 out of 18 times, or 39% of the time, pre-election years have ended with a gain of at least 20%.

The average gain is +16.79% $SPY pic.twitter.com/pVZIrXPuLE

— Wall Street Wingman (@WallStWingman) January 3, 2023

After 5 straight years of Growth outperformance, #Value outpaced Growth by 21.6% in 2022.

It was the strongest year of Value outperformance since 2000.

While all cycles different, Value outperformed Growth 7 straight years during that epic post-bubble run from 2000 to 2006. pic.twitter.com/baNQZ8njWv

— Cetera Investment Management (@ceteraIM) January 3, 2023

The big boys are at a key level!

Trends do persist... so do we see a full round trip back to pre covid highs? $MSFT $AAPL $GOOGL $AMZN $SPY #stocks pic.twitter.com/KfhBvQ5MDN

— Grant Hawkridge (@granthawkridge) January 3, 2023

Rejection at the underside of $130...$AAPL https://t.co/qx66EfJSop pic.twitter.com/MIwGCTdRi9

— Ian McMillan, CMT (@the_chart_life) January 3, 2023

Yo, Charts — S&P Rel to Rest of World. pic.twitter.com/iNvTYFQ9XR

— da Chart Life (@daChartLife) January 3, 2023

The correlation between stock prices and bond yields has flipped into negative territory and could indicate a longer period of disruption for markets. pic.twitter.com/7Rh9oCVC5I

— Gina Martin Adams (@GinaMartinAdams) January 3, 2023

The dollar $DXY starting off the year strong, and likely headed headed higher. $UUP is a easy way to play this. Notice bottom structure forming while RSI never hit oversold conditions and has been climbing since early Dec.

Strong $ is not bullish for stocks$QQQ $SPY pic.twitter.com/1GIY69sC1h

— Justin Spittler (@JSpitTrades) January 3, 2023

The SBF saga seems to have brought something completely new to Bitcoin -- price stability. pic.twitter.com/ycj1J92AGk

— Eddy Elfenbein (@EddyElfenbein) January 3, 2023

A good illustration of how much a stock has to recover after a loss to get back to even. pic.twitter.com/xOHmrOgT6B

— Brian Lund (@bclund) January 3, 2023