Daily Chart Report π Friday, March 21, 2025
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Todayβs Summary
Friday, February 21, 2025
Indices: Nasdaq +0.39% | S&P 500 +0.08% | Dow +0.08% | Russell 2000 -0.56%
Sectors: 3 of the 11 sectors closed higher. Communications led, rising +0.78%. Materials lagged, falling -0.99%.
Commodities: Crude Oil futures rose +0.31% to $68.28 per barrel. Gold snapped an eight-day winning streak, falling -0.74% to $3,021/oz.
Currencies: The US Dollar Index rose +0.34% to $104.15.
Crypto: Bitcoin was flat (-0.12%) at $84,061. Ethereum fell -0.89% to $1,965.
Volatility: The Volatility Index fell -2.63% to 19.27.
Interest Rates: The US 10-year Treasury yield rose to 4.250%.
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 Yuriy Matso (@yuriymatso).
- The S&P 500 ended a choppy week with a modest gain of +0.5%, snapping a four-week losing streak and avoiding what would have been its longest weekly downturn since 2022.
- Despite this week's bounce, $SPX closed below its 200-day moving average for the second week. The index previously closed below its 200-DMA for two straight weeks in March 2023 and October 2023.
- After the most recent shakeout in October 2023, $SPX rallied for nine consecutive weeks, marking its longest weekly advance in two decades. History isn't obligated to repeat, but shakeouts can be explosive.
The Takeaway: Despite snapping a four-week losing streak, $SPX closed below its 200-DMA for the second straight week. Spending a third week below its 200-DMA would be a bearish change of character, but reclaiming it would be the first step toward a sustainable rebound.
Top Links
Navigating the Volatile Price Action into Quarter End - Trade Risk
Evan Medeiros breaks down this week's price action.
Coiled Up With Energy - The Strazza Letter
Steve Strazza examines the outlook for the Energy sector.
End of Q1 β Prone to Volatility and Weakness since 1990 - Almanac Trader
Jeff Hirsch looks at how stocks have historically performed at the end of March.
Gold and Silver - Bart's Charts
James Bartelloni shares his analysis on Precious Metals.
Quote of the Day
"Feeling gratitude and not expressing it is like wrapping a present and not giving it."
- William Arthur Ward