Daily Chart Report π Monday, January 27, 2025
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Todayβs Summary
Monday, January 27, 2025
Indices: Dow +0.65% | Russell 2000 -1.03% | S&P 500 -1.46% | Nasdaq -2.97%
Sectors: 7 of the 11 sectors closed higher. Consumer Staples led, gaining +2.71%. Technology lagged by a wide margin, dropping -4.90%.
Commodities: Crude Oil futures dropped -2.00% to $73.17 per barrel. Gold dropped -1.46% to $2,738 per oz.
Currencies: The US Dollar Index inched lower by -0.04% to $107.43.
Crypto: Bitcoin fell -0.47% to $102,090. Ethereum fell -1.53% to $3,182.
Volatility: The Volatility Index jumped +20.55% to 17.89.
Interest Rates: The US 10-year Treasury yield dropped to 4.534%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Ian McMillan (@the_chart_life).
- Nvidia ($NVDA) had its worst day since March 2020 today, dropping -17%. Its market cap shed -$600 billion, making Apple ($AAPL) the largest stock in the S&P 500 again.
- Ian points out that $NVDA violated its 200-day moving average for the first time in two years, closing slightly below it. More importantly, the trend remains higher.
- They say, "Nothing good happens below the 200-day moving average," but reclaiming it could spark a bullish reversal given the sudden shift in sentiment.
The Takeaway: $NVDA is testing its 200-day moving average for the first time in two years after dropping -17% to start the week.
Top Links
AI Infrastructure Stocks Drop - Bespoke
Bespoke highlights today's bloodbath in AI-related stocks.
Today's Number is... 22 - The Daily Number π―
Grant Hawkridge looks at global breadth.
Phil D Gap - The Weekly Trend
David Zarling and Ian McMillan discuss the recent gaps, commodities, and more.
Turn the TV off - All Star Charts
JC Parets shares his thoughts on recent price action.
The AI Show - The Rotation Report
Aaron and Dan of the Rotation Report weigh in on the major themes in the market.
Quote of the Day
βOnly the game,
can teach you the game.β
- Jesse Livermore