This Time Looks Different For Credit Spreads 📈 The Chart Report

Credit spreads closed the week at fresh multi-week lows after failing to break above their Q4 highs.

This marked a notable difference from the spikes seen in summer 2024 and spring 2025, as this latest test lacked any meaningful follow-through.

Continued weakness from credit spreads should act as a tailwind for equities, signaling a further easing of market stress.

The Takeaway: Credit spreads failed to breakout, and ongoing deterioration will support a more risk-on backdrop.

Implied volatility across the board has fallen off a cliff.

View the entire tweet from John Kicklighter.

The S&P 500’s seven-day win streak has driven it back above its 200-day moving average, with RSI now in the 60s.

This is a sharp contrast to last year’s move.

Read the full analysis from Frank Cappelleri.

We've seen a nice expansion in the % of S&P 500 stocks at new 52-week highs this week.

See the complete post from David Cox.

The Nasdaq 100 is up 8 days in a row, with a total gain of 9.4%.

Historically, this is bullish for the Nasdaq over the coming weeks.

Examine the full tweet from SubuTrade.

The Mag Seven are reclaiming their 50-week moving average with the stochastic momentum index curling higher.

See the whole post from Henry.

Nvidia relative to the Mag Seven closed at new all-time highs.

Check out the full tweet from Stephen Eckhardt.

The Bank ETF has returned to its prior highs after a volatile two-way whipsaw.

View the entire post from Larry Thompson.

Commodities (per the Bloomberg Commodity Spot Index) are at new all-time highs with roughly 83% of its components in uptrends.

Read the latest article from Jurrien Timmer.

The $73K–$76K range represents a confluence of resistance for Bitcoin.

Access the full breakdown from Fawad Razaqzada.

The Chart Report curates best-in-class technical analysis from across the web. 

If you’d like to share a chart or just say hello, email us at [email protected]