Thirsty for More Thrusts π The Daily Chart Report
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Todayβs Summary
Friday, April 25, 2025
Indices: Nasdaq +1.14% | S&P 500 +0.74% | Dow +0.05% | Russell 2000 0.00%
Sectors: 4 of the 11 sectors closed higher. Technology led, rising +1.38%. Materials lagged, falling -0.74%.
Commodities: Crude Oil rose +0.37% to $63.02 per barrel. Gold dropped -1.50% to $3,298 per oz.
Currencies: The US Dollar Index rose +0.30% to $99.59
Crypto: Bitcoin is currently up +1.00% to $94,948. Ethereum is up +1.62% at $1,799.
Volatility: The Volatility Index dropped -6.12% to 24.84.
Interest Rates: The US 10-year Treasury yield dropped to 4.253%.
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 Grant Hawkridge (@granthawkridge).
- Two bullish breadth signals triggered this week - the notorious Zweig Breadth Thrust and the lesser-known Triple 70 Thrust.
- These signals have historically led to strong returns, but Grant points out that durable bottoms often feature three or more thrusts.
- The Breadth Thrust Composite in the lower pane tracks eight distinct thrust signals. As of Thursday, only two have triggered. According to Grantβs data, the following thrusts remain inactive:
- 10-Day MA Thrust
- 20-Day High Thrust
- NYSE Up Volume Thrust
- Bottom Spotting Thrust
- Whaley Thrust
The Takeaway: Two breadth thrusts triggered this week, but bulls should see more thrusts in the coming days if this is a durable bottom.
Quote of the Day
"Life moves pretty fast. If you don't stop and look around once in a while, you could miss it."
- Ferris Bueller
Top Links
Back to Where We Started (Almost) - Bespoke
Bespoke looks at stocks, yields, and the dollar after the recent rebound.
Beware of the V - The Strazza Letter
Steve Strazza examines the likelihood of a V-bottom.
A Major Thrust Signal Just Triggered - Alfonso's Daily Note
Alfonso highlights the Zweig Breadth Thrust that triggered on Thursday.
Is Market Participation Heating Up?π₯π The Daily Number
Grant Hawkridge highlights another bullish thrust - the 'Triple 70s Thrust.'