Daily Chart Report π Friday, February 14, 2025
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Todayβs Summary
Friday, February 14, 2025
Indices: Nasdaq +0.38% | S&P 500 -0.01% | Russell 2000 -0.10% | Dow -0.37%
Sectors: 4 of the 11 sectors closed higher. Communications led, rising +0.61%. Health Care lagged, falling -1.09%.
Commodities: Crude Oil futures fell -0.77% to $70.74 per barrel. Gold dropped -1.52% to $2,901 per oz.
Currencies: The US Dollar Index fell -0.25% to $106.80.
Crypto: Bitcoin rose +0.92% to $97,520. Ethereum rose +1.88% to $2,726.
Volatility: The Volatility Index fell -2.05% to 14.78.
Interest Rates: The US 10-year Treasury yield dropped to 4.478%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Michael Nauss (@MichaelNaussCMT).
- The S&P 500 ($SPY) printed its first weekly all-time high since early December, rising +1.5% this week. Despite the recent choppiness, $SPY has rallied intraweek in each of the past five weeks.
- After nearly three months of digestion, $SPY is primed for a new leg higher. It fell less than 5% on a closing basis, so this was hardly a pullback but perhaps a correction through time.
- During this single-digit drawdown, bearish sentiment reached a new 52-week high. The percentage of bearish respondents in the latest AAII Sentiment Survey rose to 47% this week, its highest since late 2023.
The Takeaway: The S&P 500 achieved its first weekly all-time high of the new year, rising +1.5% this week. Meanwhile, bearish sentiment also made a new high.
Top Links
Nasdaq100 Hits New All-time High - All Star Charts
JC Parets shares his thoughts on the current market environment.
Stock Market & Crypto Analysis 2/14/25 - Brian Shannon
Brian Shannon breaks down this week's price action and some key levels to watch next week.
Today's Number is... 22 - The Daily Number π―
Grant Hawkridge looks at the Homebuilders relative to the S&P 500 ($ITB/$SPY).
Valens Trends - The Weekly Trend Podcast
David Zarling and Ian McMillan discuss some of the S&P 500, Gold, and international markets.
Europe Hits New All-time Highs - Alfonso's Daily Note
Alfonso Depablos highlights the strength in Europe.
Quote of the Day
"Don't play what's there,
play what's not there."
- Miles Davis