Friday, January 14th, 2022
Indices: Dow -0.56% | S&P 500 +0.08% | Nasdaq +0.59% | Russell 2000 +0.14%
Sectors: 4 of the 11 sectors closed higher. Energy led by a wide margin, gaining 2.35%. Real Estate lagged, dropping 1.17%.
Commodities: Crude Oil futures rose 2.07% to a two-month high of $83.82 per barrel. Gold futures slipped 0.27% to $1,817 per ounce.
Currencies: The US Dollar Index bounced 0.32%.
Interest Rates: The US 10-year Treasury yield rose to its highest level in nearly two years at 1.788%.
**Reminder: The Stock Market & Bond Market will be closed on Monday, January 17th for Martin Luther King Jr. Day.**
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Real estate had a clear price to hold, and it didn't. Again the worst performing sector on the day (-1.9%) pic.twitter.com/vFRBDejf6h
— Scott Brown, CMT (@scottcharts) January 14, 2022
Today’s Chart of the Day was shared by Scott Brown (@scottcharts). It’s a daily candlestick chart of the Real Estate sector over the past eight months. We hear a lot about how rising rates are bad for Tech and Growth stocks, but perhaps Real Estate is the real victim of higher rates (no pun intended). Not only was Real Estate the worst-performing sector in today’s session, but it’s also been the worst sector this week, and so far this year, down about 7% YTD. Scott points out that fortunes got worse for the sector today as price broke key support from the Q4 highs. The good news is that Real Estate is one of the smaller sectors of the S&P 500. But, there’s not much to like about this chart as long as price is stuck below those Q4 highs.
Quote of the Day
“Be happy for this moment.
This moment is your life.”
– Omar Khayyam
Energy Reversal, Nasdaq Update and Yellow Cake | 5 Charts – LPL Financial Research
In this quick video, Ryan Detrick and Scott Brown break down five noteworthy charts from this past week.
The Start of 2022 Suggests a Good Year for Energy and Value – SentimenTrader
Jason Goepfert examines the Energy sector’s recent outperformance.
The Growth to Value Shift Becomes Clearer – Potomac Fund Management
Dan Russo takes a look at a few important ratio charts.
Commodities Turn up the Heat – All Star Charts
Ian Cully points out that energy-related commodities look poised to move higher.
Stock Market & Bitcoin Analysis January 14 2021 – AlphaTrends
Brian Shannon analyzes this weeks price action in stocks and crypto and lays out a few levels to keep an eye on next week.
— Greg Harmon (@harmongreg) January 14, 2022
Outside the US, $EEM jumped 2.5%, All World Ex-US gained 1.1%
— Urban Carmel (@ukarlewitz) January 14, 2022
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) January 14, 2022
— HostileCharts (@HostileCapital) January 14, 2022
Regional Banks / S&P 500 ratio is back at the first resistance level ahead of big earnings week for banks as they've surged higher in 2022. It should be interesting next week.
$KRE $SPY pic.twitter.com/iuSRGBR9tr
— Matthew Timpane, CMT (@mtimpane) January 14, 2022
— Michael Kahn, CMT (@mnkahn) January 14, 2022
— Willie Delwiche, CMT, CFA (@WillieDelwiche) January 14, 2022
— Mark Ungewitter (@mark_ungewitter) January 14, 2022
These are the key trends right now.
Value/cyclicals are in an uptrend; speculative/high-growth is in a downtrend. You can include biotech, cleantech, meme stocks in the latter category.
— Brian G (@alphacharts) January 14, 2022
— ivanhoff.com (@ivanhoff2) January 14, 2022
Value / Growth — Similarities to ~ 2000 … update back by request. pic.twitter.com/Vwr7m39B82
— Nautilus Research (@NautilusCap) January 14, 2022
— Alfonso Depablos (@AlfCharts) January 14, 2022
do they follow 5s or not yet? pic.twitter.com/r6PVnFZ6Pf
— J.C. Parets (@allstarcharts) January 14, 2022
— Greg Rieben (@gregrieben) January 14, 2022
You’re all caught up now. Thanks for reading!