Daily Chart Report π Friday, March 14, 2025
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Todayβs Summary
Friday, March 14, 2025
Indices: Russell 2000 +2.53% | Nasdaq+2.49% | S&P 500 +2.13% | Dow +1.65%
Sectors: All 11 sectors closed higher. Technology led, rising +3.02%. Consumer Staples lagged but still rose +0.23%.
Commodities: Crude Oil futures gained +0.95% to $67.18 per barrel. Gold closed above $3k for the first time, rising +0.33%.
Currencies: The US Dollar Index fell -0.10% to $103.73.
Crypto: Bitcoin rose +3.57% to $83,975. Ethereum rose +2.57% to $1,912.
Volatility: The Volatility Index dropped -11.64% to 21.78.
Interest Rates: The US 10-year Treasury yield rose to 4.320%.
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 Larry Thompson (@HostileCharts).
- The S&P 500 was headed for its worst week since 2020 yesterday. However, it bounced +2.1% on Friday, marking its best day since the election. It still fell -2.3% this week, but last week was worse (-3.1%).
- The weekly candle (not shown) printed its largest lower wick since July 2022, signifying a bullish reversal. Larry points out that the last few days could be a bear trap if $SPY reclaims former support at $565 next week.
- Sentiment and seasonality suggest a bottom is near. However, Larry notes that breadth and momentum are lacking. Less than 30% of stocks are above their 20-DMA, and RSI printed its most oversold reading since the 2022 bear market low, confirming yesterday's low rather than diverging.
The Takeaway: The S&P 500 avoided its worst week since 2020, thanks to Friday's bounce. The bounce could have legs if $SPY reclaims $565 next week. However, trend, breadth, and momentum remain damaged.
Top Links
Stock Market & Crypto Analysis 3/14/25 - Brian Shannon
Brian Shannon breaks down this week's price action and some key levels to watch next week.
Germany & China Hit New Highs - All Star Charts
JC Parets highlights the strength in international markets.
Dr. Copperβs Turn - Alfonso's Daily Note
Alfonso De Pablos points out that Copper is trying to break out.
Chris Verrone Charts Out Precious Metals - CNBC
Chris Verrone shares his thoughts on precious metals and Bitcoin.
Markets Stay Rocky - The Weekly Trend Podcast
Ian McMillan and Kevin Firari discuss the damage in the market.
Quote of the Day
βThere are decades where nothing happens, and there are weeks where decades happen.β
- Vladamir Lenin