12/17/2021 | by Brad Ritter

Market Update Into 12/20: An Extremely Volatile Week

BlogPrepare for the Trading WeekMarket Update Into 12/20: An Extremely Volatile Week

After a strong week last week, the markets experienced a very volatile 5 days with the FOMC events adding to the volatility. Moving into the second half of December, is a Santa rally on the horizon, or will the markets start pricing in Jerome Powell’s comments regarding interest rates and tapering?

Weekend Update

TrendSpider Weekend Update into December 20th

Weekly Analysis

This week, the $SPY ETF closed at $459.87 (-2.3%) after a very volatile week with the Fed news coming out on Wednesday.

$SPY daily and weekly charts.

This week the $QQQ ETF closed at $384.91 (-3.29%) which was a close almost exactly where the previous week opened.

$QQQ daily and weekly charts.

This week the $IWM ETF closed at $215.14 (-2.16%) which was shockingly the lowest weekly percentage loss out of all three discussed in the blog.

$IWM daily and weekly charts.

Top Twitter Posts This Week

$TSLA chart by @RedDogT3 on Twitter.

$GOOGL chart by @rachels_44 on Twitter.

$ABT chart by @G_krupins on Twitter.