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Today’s Summary
Wednesday, May 25th, 2022
Indices: Russell 2000 +1.95% | Nasdaq 100 +1.48% | S&P 500 +0.95% | Dow +0.60%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining +2.82%. Utilities lagged, inching lower by -0.07%.
Commodities: Crude Oil futures rose +0.51% to $110.33 per barrel. Gold futures dropped -1.02% to $1,846 per ounce.
Currencies: The US Dollar Index rose +0.30%.
Crypto: Bitcoin rose +0.37% to $29,740. Ethereum fell -0.80% to $1,962.
Interest Rates: The US 10-year Treasury yield inched lower to 2.749%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
https://twitter.com/charliebilello/status/1529481641890127872
Today’s Chart of the Day was shared by Charlie Bilello (@charliebilello). The S&P 500 is down more than 17% in the first 99 trading days of 2022, marking the fourth-worst start to a year in its history. As Charlie points out, the three years that got off to a worse start than 2022 were 1970, 1940, and 1932. On an optimistic note, all three of those years saw gains in the remaining part of the year. However, full-year returns have rarely ended in positive territory when this much damage has been done by the 100-day mark.
Quote of the Day
“Price makes news
not the other way around.”
– Peter Borish
Top Links
25 Stocks to Buy Before Memorial Day Week – Schaeffer’s Investment Research
Rocky White examines how the S&P 500 and its components have historically fared after Memorial Day.
Stocks Stabilize in a Bearish Trend but Commodities Still Lead the Way – Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.
Value Knocks Out Growth – StockCharts.com
Julius de Kempenaer takes a look at the continued outperformance from Value stocks.
Stock Market Analysis May 25 2022 – AlphaTrends
Brian Shannon lays out some key levels to watch in the near term.
Top Tweets
Final heat map of the S&P 500's performance from today pic.twitter.com/ItIe61qkEf
— Stock Market News (@StockMKTNewz) May 25, 2022
Interestingly, $SPY has not reached oversold conditions during the recent bout of selling pressure. Instead, it's registering a bullish divergence. #stocks pic.twitter.com/luuZxO8P6J
— Ian Culley (@IanCulley) May 25, 2022
$SPY postive divergence on A/D line pic.twitter.com/9npKQe6JAK
— Bailey.Baxter2020 (@BBaxter2020) May 25, 2022
Semiconductors may be set to cast the deciding vote in whether the S&P 500 can finally stage a rally or 3800 was just a temporary stop on the way to lower prices pic.twitter.com/2dD05fS9WF
— Scott Brown, CMT (@scottcharts) May 25, 2022
Defensive sectors are pressing against a polarity zone relative to the S&P 500. If price breaks above those former lows of 2018, it would not bode well for stock prices in general. pic.twitter.com/vOz7OGH34t
— Alfonso Depablos (@AlfCharts) May 25, 2022
New low in the ratio between Cyclical and Defensive stocks. Not typically what you see if stocks have made "the" bottom. pic.twitter.com/iy57LQqO70
— Andrew Thrasher, CMT (@AndrewThrasher) May 25, 2022
still in retracement mode. pic.twitter.com/lOTdlUs4fq
— Christian Fromhertz ???? (@cfromhertz) May 25, 2022
$NVDA market cap now back under $400B
Smaller than $XOM AH pic.twitter.com/Z139aUIOiK
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) May 25, 2022
On a relative basis, Stocks are still underperforming Commodities for the year $SPX $CRB pic.twitter.com/g31BIa48Gb
— Ayesha Tariq, CFA (@ayeshatariq) May 25, 2022
#BTC is one of the best real-time tops in recent memory. It's fortified by it's membership to RenMac's "concept capital" club. Our expectation is for it to be a teenager. pic.twitter.com/ROWtgB5PYK
— RenMac: Renaissance Macro Research (@RenMacLLC) May 25, 2022
Tight ranges below resistance…$BTCUSD $ETHUSD pic.twitter.com/86Qb06U9i6
— Ian McMillan, CMT (@the_chart_life) May 25, 2022
Dude pic.twitter.com/k1YBWG8kLw
— J.C. Parets (@allstarcharts) May 25, 2022
it's a bear market and this nft sold for $130K pic.twitter.com/8oyuvVjNfW
— Loopify ?♂️ (@Loopifyyy) May 25, 2022
You’re all caught up now. Thanks for reading!