April is in the Books! π The Daily Chart Report
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Todayβs Summary
Wednesday, April 30, 2025
Indices: Dow +0.35% | S&P 500 +0.15% | Nasdaq 100 +0.13% | Russell 2000 -0.63%
Sectors: 8 of the 11 sectors closed higher. Health Care led, rising +0.85%. Energy lagged, dropping -2.70%.
Commodities: Crude Oil dropped -3.53% to $58.27 per barrel. Gold fell -0.98% to $3,300 per oz.
Currencies: The US Dollar Index rose +0.46% to $99.64.
Crypto: Bitcoin is currently up +0.38% to $94,642. Ethereum is currently flat at $1,797.
Volatility: The Volatility Index rose +2.19% to 24.69.
Interest Rates: The US 10-year Treasury yield closed lower for the seventh consecutive day, falling to 4.170%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Ross J Brown (@RJB_Financial).
- The S&P 500 fell less than -1% in April after clawing its way back from a double-digit drawdown, representing one of the largest monthly reversals in history.
- Despite the sharp rebound this month, Ross points out that all four major indices remain stuck below levels of overhead supply from late-March, as former support has become resistance.
- If the major indices break out, it will open the door to further upside. However, all four remain vulnerable to a retest of the April lows.
The Takeaway: Despite an epic monthly reversal, the four major indices remain stuck below overhead supply and vulnerable to further weakness.
Quote of the Day
βStop worrying about missed opportunities
and start looking for new ones.β
- I.M. Pei
Top Links
May 2025 Almanac: Best Russell 2000 month in Post-Election Years - Almanac Trader
Jeff Hirsch examines how stocks have historically performed in May.
Why We Think You Shouldnβt Sell in May - Carson Research
Ryan Detrick examines the adage "Sell in May, and go away."
All About International - The Strazza Letter
Steve Strazza highlights the areas of strength overseas.
Momentum Goes Global - Alfonso's Daily Note
Alfonso De Pablos points out that the International Momentum ETF ($IMTM) is breaking out to all-time highs
This is a Bear Market Rally with Struggles Ahead - CNBC
Jeff deGraaf shares his read on the current market environment.