A Constructive Turn Beneath the Surface π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by A.J. Gregor.
The NYSE Composite Index (NYA) registered a strong bullish engulfing candle today, and posted its biggest single-day gain since April 9, 2025.
Importantly, while price made a lower low on Monday, the NYSE Cumulative A-D Line held a higher low, signaling a bullish breadth divergence.
This divergence developed at a key polarity level from the October β25 highs, which was notably when the Nasdaq topped.
The Takeaway: A textbook breadth divergence and successful polarity flip suggest the NYSE Composite Index may have formed a bottom.
More Great Charts
The S&P 500 gapped above its 200-day moving average, and the last two instances sparked multi-month rallies without the gaps filling.
See the entire tweet from Quantdata21.
Today's +3.42% gap in the Nasdaq tied for its 10th largest gap up in history, which occurred on the exact same calendar day as last year.
View the whole post from Gino.
Since the January peak in the S&P 500, capital has rotated from cyclical sectors into more defensive areas.
Watch the full breakdown from Todd Sohn.
Transports and Small-caps are two economically sensitive groups that are holding their prior cycle highs.
Read the complete analysis from Alfonso De Pablos.
The State Street Telecom ETF closed at new-all time highs today.
Check out the whole tweet from Larry Tentarelli.
Consumer Staples versus the S&P 500 has broken down to its lowest levels since early February.
Read the entire article from Grant Hawkridge.
Base and Precious Metals are showing an improvement in momentum while Energy is weakening.
See the full post from Jim Knarr.
Copper is approaching a breakout from its multi-year downtrend line relative to the broader market.
View the whole tweet from Patrick Karim.
Gold is forming a nearly decade-long base relative to the Nasdaq.
Examine the complete post from Jordan Roy-Byrne.
The Chart Report curates best-in-class technical analysis from across the web.
If youβd like to share a chart or just say hello, email us at [email protected]
