Fugly Friday π Daily Chart Report
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Todayβs Summary
Friday, March 28, 2025
Indices: Dow -1.69% | S&P 500 -1.97% | Russell 2000 -2.05% | Nasdaq -2.61%
Sectors: The only positive sector was Utilities, rising +0.74%. Consumer Discretionary lagged, dropping -3.11%.
Commodities: Crude Oil futures fell -0.80% to $69.36 per barrel. Gold rose +1.74% to an all-time high of $3,114 per oz.
Currencies: The US Dollar Index fell -0.26% to $104.01.
Crypto: Bitcoin dropped -3.26% to $84,379. Ethereum dropped -5.35% to $1,896
Volatility: The Volatility Index jumped +15.95% to 21.66.
Interest Rates: The US 10-year Treasury yield dropped to 4.251%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Steve Deppe (@SJD10304).
- With one more trading day left in March, the S&P 500 ($SPX) is on track for its worst month since September 2022, dropping -6.3%.
- Steve points out that the index could close below its 12-Month Moving Average (SMA) for the first time since October 2023. It would need to rally at least +1.4% on Monday to reclaim it.
- Like any moving average system, the 12-month SMA can experience whipsaws. The previous 'sell signal' in October 2023 proved to be an excellent buying opportunity. However, adhering to the 12-month SMA has also helped investors avoid some of the most severe drawdowns.
The Takeaway: The S&P 500 is threatening to close below its 12-month moving average for the first time since October 2023. While the last sell signal failed, trading below this long-term moving average has historically been associated with painful drawdowns.
Quote of the Day
"Markets rarely bottom on a Friday."
- Jeffrey Saut
Top Links
Tariff Uncertainty Sends Stocks Back to Lows as Liberation Day Looms - TradeRisk
Evan Medeiros reviews this week's price action and more.
Bear Flag Alert - Downside S&P 500 Target Update - StockCharts
David Keller points out that the S&P 500 is resolving lower from a bear flag.
Is the Bull Market Over? - Alfonso's Daily Note
Alfonso De Pablos looks at High Beta stocks vs. Low Volatility ($SPHB/$SPLV).
The Average Stock Has a Negative Return YTD π - The Daily Number
Grant Hawkridge breaks down sector performance.
Last Day of Q1 Tends to Shine on Small Caps & Tech
Jeff Hirsch examines how stocks have historically performed on the last day of Q1.