Daily Chart Report 📈 Wednesday, March 12, 2025
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Today’s Summary
Wednesday, March 12, 2025
Indices: Nasdaq +1.13% | S&P 500 +0.49% | Russell 2000 +0.14% | Dow -0.20%
Sectors: 5 of the 11 sectors closed higher. Tech led, rising +1.57%. Consumer Staples lagged, dropping -2.17%.
Commodities: Crude Oil futures rose +2.16% to $67.68 per barrel. Gold rose +0.89% to $2,947 per oz.
Currencies: The US Dollar Index inched higher by +0.15% to $103.57
Crypto: Bitcoin rose +0.91% to $83,620. Ethereum fell -0.79% to $1,908.
Volatility: The Volatility Index dropped -10.00% to 24.22.
Interest Rates: The US 10-year Treasury yield rose to 4.316%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Ryan Detrick (@RyanDetrick).
In mid-February, Ryan noted the S&P 500 was entering a seasonal rough patch. Like clockwork, it peaked on February 19th and corrected -9.3%.
However, Ryan reminds us that the index has historically bottomed on March 12th over the past two decades.
It will also be quite telling if the market ignores this seasonal turning point. To quote the legendary technician Walter Deemer, "When the market doesn’t do something it 'should' do, it usually means that the underlying trend is unusually powerful."
The Takeaway: Over the past two decades, March 12th has historically been the seasonal low point for the S&P 500.
Top Links
It's A "Gotta See It" Market - The Strazza Letter
Steve Strazza weighs the bullish and bearish data points for stocks.
Is it Time to Buy the Dip on Tech Stocks? - Schaeffer's Investment Research
Rocky White breaks down the recent correction in the Nasdaq 100.
Market Drawdown Stats and a Change for Tech Sector ETFs - Strategas Asset Management
Todd Sohn looks at the recent damage in tech-related ETFs.
Time for Silver to Play Catch-Up - Alfonso's Daily Note
Alfonso De Pablos examines the outlook for Silver.
The Average Stock is Down 📉 - The Daily Number 💯
Grant Hawkridge looks at the drawdown in the average stock.
Quote of the Day
"The times I have been most wrong
are the times I thought I was most right."
- Peter Bernstein