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Archives of “December 11, 2021” day
rssS&P 500 price to sales ratio Down pointing backhand index The dotcom bubble looks so cute in this chart. Do higher profit margins and negative real rates justify it, or are we in an epic bubble?
A chart is worth a thousand words
Crude oil posts its best week since August
The price of WTI crude oil futures are settling at $71.67. That’s up $0.73 or 1.03% from its settlement price yesterday.
The week was the best since August. Last week the price closed at $66.26. From that closing level the price was up $5.41 or 8.2%.
The high price for the week reached $73.34 during trading yesterday. The low price was Monday’s low at $66.72.
Looking at the daily chart below, the move higher on Monday and Tuesday took the price back above the 200 day moving average currently at $70.11. The settled price this week as above that level. Stay above and the new week in the buyers will look toward the higher 100 day moving average at $74.08 as the next major target (blue line in the chart below)
The S&P index closes at a new record level.
It’s another record for the S&P.
- The S&P index is closing at a new record high. The index is surpassing the November 18 high close at 4704.55. The index closed at 4712.01. The S&P index also had its best week since February. The index rose 3.84%
- The Dow industrial average is closing -1.27% from its all-time high close. The Dow industrial average had its best weekly gain since March. The index rose 4.03% this week
- The NASDAQ index is -2.66% away from its all-time high close. For the NASDAQ index it rose 3.6% this week
- Dow industrial average rose 216.30 points or 0.6% at 35970.98
- S&P index rose 44.57 points or 0.95% at 4712.01
- NASDAQ index rose 113.24 points or 0.73% at 15630.61
Thought For A Day
