Rocks > Stocks 📈 The Daily Chart Report

January 22, 2026

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Today’s Summary

Thursday, January 22, 2026

Indices: Nasdaq +0.83% | Russell 2000 +0.76% | Dow +0.63% | S&P 500 +0.55%

Sectors: 7 of the 11 sectors closed higher. Communications led, gaining +1.41%. Real Estate lagged, dropping -0.99%.

Commodities: Crude Oil fell -1.77% to $59.55 per barrel. Gold rose +2.20% to a new all-time high of $4,944 per oz.

Currencies: The US Dollar Index fell -0.51% to $98.28.

Crypto: Bitcoin is currently down -0.11% at $89,268. Ethereum is down -1.12% at $2,946.

Volatility: The Volatility Index fell -7.46% to 15.63.

Interest Rates: The US 10-year Treasury yield rose to 4.251%.

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

Chart of the Day

Hard Assets vs. Financial Assets (paper certificates)

XME has just destroyed QQQ by close to 200% last five years, but no one owns the sector.

Top 5 Holdings$QQQ $15.3T$XME $143B

Bloomberg terminal data. pic.twitter.com/f5IBGLuomw
— Lawrence McDonald (@Convertbond) January 22, 2026

🏆 Today's Chart of the Day was shared by Lawrence McDonald (@Convertbond).

The Metals & Mining ETF ($XME) pushed to new all-time highs today and to fresh eight-year highs relative to the Nasdaq 100 ($QQQ).
As Lawrence highlights, $XME has significantly outperformed $QQQ over the past five years, with the Nasdaq now on pace for its second-worst month versus $XME in history.
On a longer-term basis, the monthly MACD crossover signals a loss of relative momentum for the Nasdaq, suggesting this move may be in the early stages of a broader trend.

The Takeaway: Metals & Mining stocks are asserting leadership, with the group breaking out to new highs on both an absolute and relative basis.

Quote of the Day

“Know what you own, and
know why you own it."

- Peter Lynch

Top Tweets

$SPY has closed Tuesday's gap. Thank you very much for playing... pic.twitter.com/xgglpPPOvq
— Walter Deemer (@WalterDeemer) January 22, 2026

Everyone’s Winning.

63% of S&P 500 stocks are beating the index YTD (from NDR, as of Jan 14).

This is the best market participation since 2001.

As of yesterday’s close, this number is now up to 65% — the second best in 50 years.

*Will the market’s strength continue? pic.twitter.com/9lRj5OwhSc
— Macro Charts (@MacroCharts) January 22, 2026

The S&P 500 had its first 1% drop of the year this week.

That happens 31 times a year on average.

Almost all of them feel like the start of a crash but that's almost never the case. pic.twitter.com/WOuwXSCGUH
— Phil Rosen (@philrosenn) January 22, 2026

$SPX Different headline. Same price action. pic.twitter.com/h6iaQ4wF2E
— Frank Cappelleri (@FrankCappelleri) January 22, 2026

The Russell 2000 rebounded 2% from Tuesday’s widespread sell-off to reach a new record high. The small cap index has outperformed the S&P 500 in all 13 trading days of 2026, lifting its YTD gain to 8.7%. pic.twitter.com/U5QgV5lhVp
— Cetera Investment Management (@ceteraIM) January 22, 2026

It’s been two weeks since $DJI got within 1% of 50K. The index has slipped since, but history says that’s normal with 7 of the past 10 two-week returns after nearing major round levels were NEGATIVE. Over the next 6 months, tho, the Dow was positive in all 9 prior cases. 📈 pic.twitter.com/YaQJGeGAKF
— Schaeffer's Investment Research (@schaeffers) January 22, 2026

$QQQE Breadth is good today. Money is continuing to rotate. Watch this chart to break out(no guarantee) for a resumption of the rally in The Major Market. pic.twitter.com/6Ko96Hqh0J
— Alan Cohen (@al_xdpg) January 22, 2026

Best country ETFs YTD? South Korea (again!), Colombia, Peru @Koyfincharts

USA near the bottom of the list $VTI pic.twitter.com/PP4AHtZmyU
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) January 22, 2026

South Korea...RS leader...have not seen this on anyone's radar...(continual new ATHs) pic.twitter.com/hPjFgQGmNi
— Linda Raschke (@LindaRaschke) January 22, 2026

YTD relative performance of small caps is far from uniform across global markets; currently trailing Broad Market Index in 27 of 48 @SPGlobal BMI regions; markets like Peru, Czech Republic, Canada, U.S., and Australia have seen small caps lead by > 5%, other regions tell… pic.twitter.com/Rd8xBis1p7
— Liz Ann Sonders (@LizAnnSonders) January 22, 2026

Metals and miners, more uptrend. $GLD $GDX $XME $NEM +++ pic.twitter.com/HcV51ZuqRL
— Larry Tentarelli, Blue Chip Daily (@bluechipdaily) January 22, 2026

in addition to the $XME ETF going vertical over last year, +110%

the $SLX Steel ETF has been a monster $VALE $MT $TS pic.twitter.com/1iVcJuvaYx
— Christian Fromhertz 🇺🇸 (@cfromhertz) January 22, 2026

Mag7 is not our favorite play in the market, but in fairness they (collectively) are oversold, the first such condition since April. pic.twitter.com/v6P1yYgIHP
— RenMac: Renaissance Macro Research (@RenMacLLC) January 22, 2026

Is big tech doomed to further underperformance? It will be interesting to watch the market’s reaction to forthcoming earnings reports now that everyone has received the Lag-7 memo. pic.twitter.com/C5co1Fbc0L
— Mark Ungewitter (@mark_ungewitter) January 22, 2026

You're all caught up now. Thanks for reading!

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