Daily Chart Report π Tuesday, January 21, 2025
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Todayβs Summary
Tuesday, January 21, 2025
Indices: Russell 2000 +1.85% | Dow +1.24% | S&P 500 +0.88% | Nasdaq +0.58%
Sectors: 10 of the 11 sectors closed higher. Industrials led, gaining +2.05%. Energy lagged, falling -0.51%.
Commodities: Crude Oil futures fell -2.02% to $75.83 per barrel. Gold rose +0.38% to $2,759 per oz.
Currencies: The US Dollar Index dropped -1.21% to $108.08.
Crypto: Bitcoin rose +3.92% to $106,149. Ethereum rose +1.44% to $3,328.
Volatility: The Volatility Index dropped -4.75% to 15.05.
Interest Rates: The US 10-year Treasury yield dropped to 4.574%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Jason Goepfert (@jasongoepfert).
- Today marked the sixth consecutive session in which more than 68% of the S&P 500 advanced, indicating a much-needed breadth expansion.
- Jason points out that this represents the longest streak on record, with data going back to the early 1930s.
- Breadth started to deteriorate in early December. While the S&P 500 pulled back less than -5% on a closing basis, rotation masked some of the corrective action beneath the surface of the index.
The Takeaway: Breadth has notably improved recently. Today marked the sixth consecutive session in which more than 68% of the S&P 500 advanced.
Top Links
Today's Number is... 12.5 - The Daily Number π―
Grant Hawkridge looks at investor sentiment after the recent pullback in stocks.
The US: Nicest House on the Block - Bespoke
Bespoke breaks down the best-performing international markets.
Jeff Macke's Favorite Retail Stocks Right Now - All Star Charts
Jeff Macke and JC Parets highlight the strongest/weakest stocks in the retail sector.
The Great Nvidia Conspiracy - The Rotation Report
Aaron and Dan of The Rotation Report discuss some of the major trends and themes in the market.
Just Buy It - The Strazza Letter
Steve Strazza looks at a potential reversal in Nike, Inc. ($NKE).
Quote of the Day
βRotation is the lifeblood of a bull market.β
- Ralph Acampora