Wednesday, December 22nd, 2021
Indices: Dow +0.74% | S&P 500 +1.02% | Nasdaq +1.18% | Russell 2000 +0.86%
Sectors: All 11 sectors closed higher. Consumer Discretionary led, gaining 1.82%. Communications lagged but still rose 0.25%.
Commodities: Crude Oil futures rose 2.69% to $73.03 per barrel. Gold futures gained 0.89% $1,805 per ounce.
Currencies: The US Dollar Index fell 0.38%.
Interest Rates: The US 10-year Treasury yield inched lower to 1.455%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Eyes up kids. pic.twitter.com/tIQxYO4Mwj
— Steve Deppe, CMT (@SJD10304) December 22, 2021
Today’s Chart of the Day was shared by Steve Deppe (@SJD10304). It’s a daily bar chart of the 14th largest Cryptocurrency, Polygon ($MATIC), over the past year. Bitcoin has been a mess recently and Ethereum hasn’t been much better. But, there are still pockets of strength in the Crypto markets, and Polygon is one of the most attractive setups out there right now. Steve points out that Polygon is breaking out of a seven-month base within a strong uptrend. As long as price is above $2.50, there’s a good chance that it makes a fresh leg higher.
Quote of the Day
“Charts are the language of Wall Street.”
– John Roque
Do You Believe In The Santa Claus Rally? – LPL Financial Research
The team at LPL Financial Research lays out everything you need to know about the Santa Claus Rally.
Providers and Pharmaceuticals Looking Strong Inside Healthcare – StockCharts.com
Julius de Kempenaer takes a look at the pockets of strength within the Health Care sector.
Best and Worst Performers Since Thanksgiving – Bespoke
Bespoke breaks down the strongest/weakest stocks since Thanksgiving.
We Would Like to See Some Follow Through – Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.
$SPX just logged its SIXTH 1% gain of December… the most in a calendar month since Nov'20 (8).
— Frank Cappelleri (@FrankCappelleri) December 22, 2021
Lots of drama, but no actual progress.
The S&P 500 has increased or decreased 0.5% or more for the past 10 trading days.
Total change over that period? 0.2%.
— Callie Cox (@callieabost) December 22, 2021
Holds the 100 DMA, retakes the 50 DMA, and the RSI holds 40….a follow through move be nice here! pic.twitter.com/Gz3Prvbw0p
— Dan Russo, CMT (@DanRusso_CMT) December 22, 2021
— Charlie Bilello (@charliebilello) December 22, 2021
The official Santa Claus Rally starts this Monday (last 5 days of the year and first two of the following year).
These 7 days are up nearly 79% of the time, but it is when it isn't green you need to pay attention.
Past 5 times? Jan was also in the red and Q1 been weak as well. pic.twitter.com/0SBeCxjF4L
— Ryan Detrick, CMT (@RyanDetrick) December 22, 2021
Great chart from @bespokeinvest. So far, December has been the MOST volatile month this year. Historically, December has been the LEAST volatile month.
You all okay? pic.twitter.com/0zUfSDMDv7
— Dani Burger (@daniburgz) December 22, 2021
S&P 500 is having its best year relative to the Russell 2000 since 1998
[Past performance is no guarantee of future results] pic.twitter.com/8Yomx6wLYG
— Liz Ann Sonders (@LizAnnSonders) December 22, 2021
every S&P 500 sector is on track for double-digit gains this year pic.twitter.com/ofUyreXRPE
— Katie Greifeld 🎄 (@kgreifeld) December 22, 2021
It does appear the $XLY / $XLP ratio is repairing itself today… would be fairly bullish development in my world for $SPX $SPY $QQQ etc if the ratio remains above the level highlighted. .
Lots more charts below.https://t.co/AIrZoAgtO0 pic.twitter.com/CrYpnwRO4p
— Sam McCallum 🏴 (@honeystocks1) December 22, 2021
— J.C. Parets (@allstarcharts) December 22, 2021
Two straight rallies into the close. Merry Christmas.
— Bespoke (@bespokeinvest) December 22, 2021
You’re all caught up now. Thanks for reading!