Daily Chart Report π Thursday, March 20, 2025
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Todayβs Summary
Thursday, February 20,, 2025
Indices: Dow -0.03% | S&P 500 -0.22% | Nasdaq -0.30% | Russell 2000 -0.65%
Sectors: 4 of the 11 sectors closed higher. Utilities led, rising +0.41%. Tech lagged, falling -0.71%.
Commodities: Crude Oil futures rose +1.73% to $68.07 per barrel. Gold inched higher by +0.09% to an all-time high of $3,044/oz.
Currencies: The US Dollar Index rose +0.33% to $103.80.
Crypto: Bitcoin dropped -3.12% to $84,158. Ethereum dropped -3.62% to $1,983.
Volatility: The Volatility Index fell -0.50% to 19.79.
Interest Rates: The US 10-year Treasury yield was flat at 4.241%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Todd Sohn (@Todd_Sohn).
- Energy ($XLE) is currently the best-performing sector YTD, rising +8.8%. However, $XLE has traded sideways for nearly three years, consolidating in a messy range below its 2014 peak (upper pane).
- While Energy has lagged since 2022, Todd points out that the relative trend has improved. The ratio in the middle pane ($XLE/$SPX) broke out to a 3-month high earlier this week and a 7-month high today.
- Despite the recent strength, Todd notes that Energy remains unloved by investors, with $XLE seeing persistent outflows since 2022 (lower pane).
The Takeaway: The Energy sector is perking up versus the S&P 500 after being rangebound and unloved for nearly three years.
Top Links
Big Red Flags - The Strazza Letter
Steve Strazza points out that growth stocks are bear flagging.
Hanging by a Chip - Alfonso's Daily Note
Alfonso De Pablos examines the relative trend for Semiconductors.
Will QQQ Retest All-Time Highs By End of April? - StockCharts
David Keller lays out four potential scenarios for the Nasdaq 100.
The US is the Weakest π - The Daily Number
Grant Hawkridge breaks down the performance of international markets.
Quote of the Day
βThe impression has built up that the stock market is the cause of booms and busts. Actually, it is the thermometer -- not the fever.β
- Bernard Baruch