Thrust or Bust πŸ“ˆ The Daily Chart Report

April 23, 2025
Patrick Dunuwila

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Stock Market Media

Today’s Summary

Wednesday, April 23, 2025


 

Indices: Nasdaq +2.28% | S&P 500 +1.67% | Russell 2000 +1.53% | Dow +1.07% 

Sectors: 9 of the 11 sectors closed higher. Technology led, rising +2.90%. Consumer Staples lagged, falling -0.57%. 

Commodities: Crude Oil fell -2.20% to $62.27 per barrel. Gold dropped -3.66% to $3,294 per oz. 
 
Currencies: The US Dollar Index rose +0.14% to $99.78

Crypto: Bitcoin is trading slightly higher by +0.19% to $93,655. Ethereum is up +2.64% to $1,803.

Volatility: The Volatility Index dropped -6.94% to 28.44.

Interest Rates: The US 10-year Treasury yield fell to 4.385%.
 



Here are the best charts, articles, and ideas shared on the web today!
 


Chart of the Day 


πŸ†  Today's Chart of the Day was shared by Subu Trade (@SubuTrade). 
 

  • With stocks continuing to rebound, the clock has started on a potential Zweig Breadth Thrust. This rare signal hasn't triggered yet, but the window is open for two more trading days. 
     
  • Created by market legend, Mary Zweig, a bullish signal occurs when the 10-day moving average of advancing stocks on the NYSE surges from below 40% to above 61.5% within 10 days. 
     
  • Like any indicator, the Zweig Breadth Thrust isn't perfect, but its track record speaks for itself. According to data from @SubuTrade, the S&P 500 has always been higher six months later, with an average gain of +16%. 
     

The Takeaway: The Zweig Breadth Thrust hasn’t officially triggered yet, but with two trading days remaining, a signal would be a bullish tailwind for stocks in the months ahead.



Quote of the Day


"The trend is your friend, don’t fight the tape."
 

- Marty Zweig


Top Links
 

New Lows > New Highs still…πŸͺ« - The Daily Number
Grant Hawkridge points out that new lows have continued to exceed new highs. 

Stocks to Target After a Market Pullback - Schaeffer's Investment Research
Rocky White highlights the most beaten-down stocks since the market peaked. 

Bullish Brazil - The Strazza Letter
Steve Strazza notes that Brazilian stocks are poised for a potential leg higher. 

Gold Has All The Makings of a Blow-Off, Says Strategas' Chris Verrone - CNBC
Chris Verrone shares his thoughts on the macro/technical environment. 

The Bitcoin Revival - Alfonso's Daily Note
Alfonso De Pablos looks at Bitcoin's recent bounce. 



 

 


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