Daily Chart Report π Thursday, February 13, 2025
Powered By:
Todayβs Summary
Thursday, February 13, 2025
Indices: Nasdaq +1.43% | Russell 2000 +1.17% | S&P 500 +1.04% | Dow +0.77%
Sectors: All 11 sectors closed higher. Materials led, rising +1.74%. Industrials lagged but still closed higher by +0.10%.
Commodities: Crude Oil futures inched lower by -0.11% to $71.29 per barrel. Gold rose +0.57% to an all-time high of $2,945 per oz.
Currencies: The US Dollar Index dropped -0.84% to $107.07.
Crypto: Bitcoin fell -1.28% to $96,627. Ethereum fell -2.28% to $2,676.
Volatility: The Volatility Index dropped -4.97% to 15.09.
Interest Rates: The US 10-year Treasury yield dropped to 4.533%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by @WallStWingman.
- The Equal Weight Nasdaq 100 ($QQQE) broke out to an all-time high today for the first time in 2025. The traditional Nasdaq 100 ($QQQ) closed slightly below its all-time high by -0.4%, although it still achieved a fresh YTD high.
- After a healthy two-month consolidation, both indices have set the stage for a new leg higher. The fact that $QQQE got there first says that this rally is being reinforced by broad participation rather than narrow leadership.
- To quote the legendary Technician Bob Farrell, "Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.
The Takeaway: While the Nasdaq 100 continues to flirt with all-time highs, the Equal Weight version already got her number. This is indicative of a healthy and sustainable rally.
Top Links
Today's Number is 43 - The Daily Number π―
Grant Hawkridge examines global breadth.
Updated Sector Views - LPL Financial Research
Adam Turnquist looks at dispersion and correlation within the S&P 500.
Where Is It Coming From? - The Strazza Letter
Steve Strazza highlights the ongoing rotation from India to China.
The Uber of the Skies - Alfonso's Daily Note
Alfonso De Pablos outlines a bullish setup in Archer Aviation Inc. ($ACHR).
Quote of the Day
"You must force yourself to consider opposing arguments."
- Charlie Munger