Daily Chart Report πŸ“ˆ Wednesday, February 19, 2025

Patrick Dunuwila
February 19, 2025

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Stock Market Media

Today’s Summary

Wednesday, February 19, 2025


 

Indices: S&P 500 +0.24% | Dow +0.16% | Nasdaq +0.05% | Russell 2000 -0.34%

Sectors: 9 of the 11 sectors closed higher. Health Care led, rising +1.30%. Materials lagged, falling -1.18%.  

Commodities: Crude Oil futures rose +0.38% to $72.10 per barrel. Gold fell -0.44% to $2,936 per oz. 
 
Currencies: The US Dollar Index rose +0.13% to $107.16.

Crypto: Bitcoin rose +1.08% to $96,642. Ethereum gained +1.67% to $2,715.

Volatility: The Volatility Index fell -0.59% to 15.26.

Interest Rates: The US 10-year Treasury yield fell to 4.535%.

 



Here are the best charts, articles, and ideas shared on the web today!
 


Chart of the Day 


πŸ† Today's Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri).
 

  • The S&P 500 ($SPX) closed at a record high for the second straight day, rising +0.24%.
     
  • Frank highlights two characteristics of a healthy uptrend: bearish patterns should fail, and bullish patterns should reach their price targets. Last month, a bearish pattern failed when $SPX undercut its December low. 
     
  • $SPX is currently emerging from a two-month accumulation pattern. This bullish pattern has a measured move price target of 6,425, roughly +4.5% from today's close. 
     

The Takeaway: If this bullish pattern fails, it will be a red flag for the S&P 500. However, The uptrend remains alive and well, considering bearish patterns have failed recently. 

 

Top Links

How Technical Analysis Helps Investors Manage Risk - Yahoo Finance
We sat with Jared Blikre and Sydnee Fried of Yahoo Finance to discuss technicals and current market themes. Check it out!

Cathie is Back - The Strazza Letter
Steve Strazza points out that several ARK ETFs have set the stage for a rebound. 

Today's Number is... 587 - The Daily Number
Grant Hawkridge examines the average duration of a bull market. 

The Prescription for Small Caps? - Alfonso's Daily Note
Alfonso De Pablos examines the outlook for Small Cap Health Care stocks. 

When S&P 500 is Up in January and February Full-Year Record Nearly Perfect - Almanac Trader
Jeff Hirsch points out that the S&P 500 has a bullish track record after logging back-to-back gains in January and February. 


 


 


Quote of the Day


β€œThe pessimist complains about the wind;
the optimist expects it to change;
the realist adjusts the sails.”
 

- William Arthur Ward

 

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