Calm Before the Earnings Storm π The Daily Chart Report
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Todayβs Summary
Monday, April 28, 2025
Indices: Russell 2000 +0.41% | Dow +0.28% | S&P 500 +0.06% | Nasdaq 100 -0.03%
Sectors: 9 of the 11 sectors closed higher. Energy led, rising +0.70%. Consumer Staples lagged, falling -0.33%.
Commodities: Crude Oil fell -1.54% to $62.05 per barrel. Gold rose +1.49% to $3,348 per oz.
Currencies: The US Dollar Index dropped -0.66% to $98.93.
Crypto: Bitcoin is currently up +0.79% to $94,513. Ethereum is down -0.26% at $1,787.
Volatility: The Volatility Index rose +1.29% to 25.16.
Interest Rates: The US 10-year Treasury yield closed lower for the fifth consecutive day, falling to 4.208%.
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 Andy Moss (@Andy_Moss).
- The S&P 500 was flat today (+0.06%) as it continues to battle an area of overhead supply from Liberation Day. Andy points out that $SPX is pinched between two key AVWAPs.
- The upper AVWAP (5,571) is anchored to the February all-time high.
The lower AVWAP (5,271) is anchored to the April 7th low.
- When two AVWAPs 'pinch' together in this manner, it suggests that energy is building for a meaningful resolution in either direction. If $SPX reclaims 5,571, momentum will likely shift in favor of the bulls. Conversely, breaking below 5,271 would open the door for a retest of the April low.
The Takeaway: The S&P 500 is digesting its recent gains and building momentum for its next move as it trades within a narrow range between the AVWAP from its all-time high (5,571) and the AVWAP from its recent low (5,271).
Quote of the Day
βYou never know what worse luck
your bad luck has saved you from.β
- Cormac McCarthy
Top Links
A View from the Floor with Jay Woods - Freedom Capital
Jay Woods highlights a few noteworthy things to watch this week.
May 2025 Almanac: Best Russell 2000 month in Post-Election Years - Almanac Trader
Jeff Hirsch looks at how stocks have historically performed in May of Post-Election years.
Zweig Breadth Thrust Dominates the Headlines - But What about an Exit Strategy? - StockCharts
Arthur Hill examines the recent Zweig Breadth Thrust signal.
Green Shoots - The Weekly Trend Podcast
Ian McMillan and David Zarling discuss the noteworthy trends and themes in the market.
A New Dawn? - Vixology
Jim Carroll shares his thoughts on volatility and breadth thrusts.