Daily Chart Report 📈 Wednesday, January 15, 2025
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Today’s Summary
Wednesday, January 15, 2025
Indices: Nasdaq +2.31% | Russell 2000 +1.99% | S&P 500 +1.83% | Dow +1.65%
Sectors: 10 of the 11 sectors closed higher. Financials led, gaining +2.55%. Consumer Staples was the only sector that closed lower, falling -0.34%.
Commodities: Crude Oil futures rose +3.28% to $80.04 per barrel. Gold gained +1.32% to $2,718 per oz.
Currencies: The US Dollar Index fell -0.10% to $109.08.
Crypto: Bitcoin rose +4.13% at $100,512. Ethereum jumped +7.06% to $3,452.
Volatility: The Volatility Index slid -13.85% to 16.11.
Interest Rates: The US 10-year Treasury yield dropped to 4.653%
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by @SubuTrade.
- Stocks and Bonds gapped higher today, fueled by cooler-than-expected inflation data. The +20yr Treasury Bond ETF ($TLT) had its best session since the election, rising +1.7%.
- $TLT filled a huge gap from November 2023 yesterday before closing at a 52-week low and gapping higher this morning.
- @SubuTrades points out that sentiment and positioning are ripe enough for Bonds to form a meaningful bottom. Short interest for $TLT is highly elevated while experiencing massive outflows over the past 2-months.
The Takeaway: After exhibiting signs of capitulation, the +20yr Treasury Bond ETF ($TLT) had its best day since the election today.
Top Links
Softer Inflation Puts January Barometer in the Black
Jeff Hirsch checks on the January Barometer halfway through the month.
Today's Number is... 28.5 - The Daily Number
Grant Hawkridge looks at market sentiment using the AAII Sentiment Survey.
Are German Government Bond Yields Changing 44-Year Trend? - Kimble Charting Solutions
Chirs Kimble breaks down a long-term chart of the German 10-year Bond yield.
How Stocks Tend to Perform MLK Week - Schaeffer's Investment Research
Rocky White highlights the best and worst-performing stocks to buy around Martin Luther King Jr. Day according to seasonality.
Quote of the Day
"Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top."
- Ed Seykota