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Confirmation πŸ“ˆ The Daily Chart Report

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Today’s Summary

Monday, January 12, 2026


Indices: Russell 2000 +0.44% | Dow +0.17% | S&P 500 +0.16% | Nasdaq +0.08%

Sectors: 8 of the 11 sectors closed higher. Consumer Staples led, gaining +1.17%. Financials lagged, dropping -0.79%.

Commodities: Crude Oil rose +0.74% to $59.54 per barrel. Gold rose +2.25% to a new all-time high at $4,602 per oz.

Currencies: The US Dollar Index fell -0.25% to $98.89.

Crypto: Bitcoin is currently flat (+0.02%) at $90,888. Ethereum is down -1.02% at $3,086.

Volatility: The Volatility Index rose +4.35% to 15.11.

Interest Rates: The US 10-year Treasury yield rose to 4.187%.




Here are the best charts, articles, and ideas shared on the web today!
 


Chart of the Day 
 


πŸ† Today's Chart of the Day was shared by Grant Hawkridge (@granthawkridge).
 

  • Dow Theory was confirmed for the first time in over a year, as Transports made new all-time highs following the Dow Industrials. This setup has historically coincided with forward one-year S&P 500 returns north of +12%.
     
  • Grant notes that the modern-day interpretation of Dow Theory is also flashing confirmation, as Semiconductors continue to register record highs alongside the S&P 500.
     
  • While original Dow Theory may not carry the same weight it once did, alignment between economically sensitive groups points to a healthy trend and a market with solid underlying support.


The Takeaway: Classic and modern Dow Theory signals are in sync, suggesting the uptrend is well supported beneath the surface.



Quote of the Day


β€œThe one fact pertaining to all 
conditions is that they will change."
 

-  Charles Dow


Top Links
 

Broad Bull, Tactical Tech - Thoughts on the Market
Duality Research examines the broadening of leadership outside of tech.

Is Small-Cap Leadership Back? - Alfonso’s Daily Note
Alfonso De Pablos highlights the relative strength in small-caps.

Breadth Is Not Fading. It’s Expanding - The Daily Number
Grant Hawkridge observes the expansion of market breadth.

Fed Independence Under Fire: Why I’m Rotating into Metals Today - Trading Trends
John Salama discusses today’s top themes and his bullish positioning in metals.

Markets Look Past DC Drama as Bank Earnings and Charts Take Center Stage - StockCharts.com
Mike Zaccardi breaks down upcoming bank earnings and the key charts he’s monitoring. 


Top Tweets 
 

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