Chart of the Day - Friday, April 25, 2025

🏆  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 Grant’s 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.