Daily Chart Report ๐ Tuesday, February 18, 2025
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Todayโs Summary
Tuesday, February 18, 2025
Indices: Russell 2000 +0.45% | S&P 500 +0.24% | Nasdaq +0.23% | Dow +0.02%
Sectors: 8 of the 11 sectors closed higher. Energy led, rising +1.37%. Communications lagged, falling -0.47%.
Commodities: Crude Oil futures rose +1.54% to $71.83 per barrel. Gold rose +1.67% to an all-time high of $2,949 per oz.
Currencies: The US Dollar Index rose +0.26% to $107.02.
Crypto: Bitcoin inched lower by -0.17% to $95,612. Ethereum dropped -2.68% to $2,671.
Volatility: The Volatility Index fell -0.20% to 15.35.
Interest Rates: The US 10-year Treasury yield rose to 4.452%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Jason Perz (@JasonP138).
- The European Financial ETF (($EUFN) broke out to an all-time high for the first time in over a decade today after clearing its 2014 peak. It's up +15.9% YTD, while the S&P 500 is up +4.2%.
- European Financials have been a serial underperformer since the Great Financial Crisis. After several failed attempts to clear $26, $EUFN is finally emerging from a massive base that dates back to its inception.
- The top five holdings in $EUFN are HSBC Holdings ($HSBA), Allianz SE ($ALZ), UBS Group ($UBS), Banco Santander ($SAN), and Zurich Insurance Group ($ZURN).
The Takeaway: The European Financials ($EUFN) ETF achieved its first all-time high since 2014 today. It's breaking out of a massive base, and the risk is to the upside if it's above $26.
Top Links
Why This Valentineโs Day Wasnโt Red, It Was Green - Carson Research
Ryan Detrick shares a few noteworthy stats relating to the S&P 500.
Fading Dollars - The Strazza Letter
Steve Strazza points out that the US Dollar Index ($DXY) is threatening to break down.
Iโm Bullish Europe - Alfonso's Daily Note
Alfonso De Pablos highlights the breakout in European Financials ($EUFN).
Watching the SPX โBreakout Zoneโ, Charting ARKK Outperformance - Schwab Network
Frank Cappelleri shares his thoughts on the current market environment.
Fuel for the Fire - Hostile Charts
Larry Thompson looks at market breadth.
Quote of the Day
"One glance is worth a thousand earnings forecasts. The tape tells all, and our job is to learn how to listen properly."
- Stan Weinstein