Homebuilders Catch a Bid π The Daily Chart Report
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Todayβs Summary
Friday, January 9, 2026
Indices: Nasdaq +1.09% | Russell 2000 +0.78% | S&P 500 +0.65% | Dow +0.48%
Sectors: 9 of the 11 sectors closed higher. Materials led, gaining +1.60%. Health Care lagged, dropping -0.51%.
Commodities: Crude Oil rose +1.89% to $58.85 per barrel. Gold rose +1.30% to $4,518 per oz.
Currencies: The US Dollar Index rose +0.32% to $99.16.
Crypto: Bitcoin is currently down -0.72% at $90,374. Ethereum is down -0.77% at $3,080.
Volatility: The Volatility Index slid -6.34% to 14.48.
Interest Rates: The US 10-year Treasury yield was unchanged at 4.167%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Linda Raschke (@LindaRaschke).
- Homebuilders ($XHB) surged to new three-month highs on a gap-and-go breakout, capping their strongest week in a year.
- As an early-cycle leader, renewed strength in $XHB would be a constructive sign for bulls as rotation continues across the market.
- While overhead supply remains, a move above the pivot highs near $120 would set the stage for a retest of the prior all-time highs around $125, roughly +10% higher.
The Takeaway: Homebuilders had their best week in a year after a decisive breakout, and capital flowing back into the industry supports broader bullish momentum.
Quote of the Day
βOurs is not to reason why;
Just correctly sell and buy."
- Walter Deemer
Top Links
Small-Caps Just Made History. Breadth Doom Didnβt. - TrendLabs
JC Parets analyzes the record highs in small-caps.
The Field is Leading Tech - CappThesis
Frank Cappelleri details how non-tech sectors are helping sustain the marketβs rally.
THE END OF TECH DOMINANCE? 7 New Groups Are Taking Over - Trading Trends
John Salama highlights the groups showing relative strength early in the year.
Trillion Dollar Market Cap Changing of the Guard - Bespoke
Bespoke examines the rotation of leadership among mega-caps.
I would be a little bit more careful on semis right here: Renaissance Macroβs deGraaf - CNBC
Jeff deGraaf outlines why he remains wary of semiconductors.
