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Daily Chart Report πŸ“ˆ Monday, January 27, 2025

January 27, 2025

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Today’s 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 


πŸ† 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 πŸ’―
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


β€œOnly the game,
can teach you the game.”
 

- Jesse Livermore

 

Top Tweets