Six Days in a Row π The Daily Chart Report
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Todayβs Summary
Tuesday, April 29, 2025
Indices: Dow +0.75% | Nasdaq 100 +0.61% | S&P 500 +0.58% | Russell 2000 +0.56%
Sectors: 10 of the 11 sectors closed higher. Financials led, rising +1.04%. Energy was the only sector that closed lower, falling -0.29%.
Commodities: Crude Oil dropped -2.88% to $60.26 per barrel. Gold fell -0.47% to $3,332 per oz.
Currencies: The US Dollar Index rose +0.27% to $99.21.
Crypto: Bitcoin is currently up +0.21% to $95,240. Ethereum is up +0.91% at $1,816.
Volatility: The Volatility Index dropped -3.97% to 24.16.
Interest Rates: The US 10-year Treasury yield closed lower for the sixth consecutive day, falling to 4.164%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Donovan (@TheDonInvesting).
- U.S. Stocks have rallied sharply off their recent lows, but international stocks have continued to outperform.
- Donovan highlights three European ETFs that are breaking out to multi-year highs: Italy ($EWI), Spain ($EWP), and Germany ($EWG).
- The U.S has dominated for nearly two decades. However, there has been a notable rotation out of U.S. stocks this year, and these breakouts suggest Europe could lead for months if not years.
The Takeaway: Italy ($EWI), Spain ($EWP), and Germany ($EWG) are breaking out to multi-year highs versus the S&P 500, suggesting a regime change is underway.
Quote of the Day
βIf you can get really good at destroying your own wrong ideas, that is a great gift.β
- Charlie Munger
Top Links
CappNotes - CappThesis
Frank Cappelleri examines strong closes for the S&P 500 and the MACD.
The Beach Ball Effect - Alfonso's Daily Note
Alfonso de Pablos looks for stocks that were immune to the recent sell-off.
Buying the Base in BABA - The Strazza Letter
Steve Strazza highlights a bullish setup in the Chinese retailer, Alibaba ($BABA).
Momentum is buildingβ¦π - The Daily Number
Grant Hawkridge points out that RSI is above 50 again for the first time in 43 trading days.
Technical Tuesdays π with The Chart Report
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