The Quickest Comeback in History π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by a16z.
The S&P 500 erased a double-digit drawdown in just 11 trading sessions, marking the fastest V-shaped recovery on record.
This rally has undoubtedly been unlike anything we've ever seen, with NYSE breadth topping out at just 4:1 and failing to produce a single 5:1 thrust day, something every recent recovery has delivered.
Markets are constantly evolving, and when dips are consistently met with aggressive buying, volatility starts to look less like risk and more like opportunity.
The Takeaway: The S&P 500 just delivered a record-setting rebound, reinforcing just how resilient this market has become.
More Great Charts
Early May strength has historically faded into choppier conditions before a late-month bounce, with midterm years tending to show more weakness.
Read the full article from Jeff Hirsch.
The NYSE TICK Index (upticks minus downticks) never dipped below zero during yesterdayβs session, signaling persistent, broad-based buying pressure.
This was the first time in history this has happened.
See the entire tweet from Duality Research.
Bulls successfully sidestepped the bearish MACD crossover that looked imminent last month, echoing the setup seen in 2018.
View the whole post from Smart Reversals.
The S&P 500 gained more than 10% in April, the 13th instance since 1950.
Similar monthly advances shows the index has been higher 6β12 months later 85% of the time.
Check out the entire tweet from Astra Insights.
Micro-caps closed the month of April at new all-time highs.
Read the full article from J.C. Parets.
Often viewed as the poster child for stress in private credit, Blue Owl Capital may be setting up for a short squeeze as price compresses alongside roughly 19% short interest.
See the entire tweet from Justin Spittler.
Bitcoin is testing a key long-term resistance level, with a measured move from its two-month triangle targeting levels just below $94K.
View the whole post from Rachel Dashiell.
Gold remains on track relative to prior post-breakout corrections following major advances.
Check out the full tweet from Jordan Roy-Byrne.
Weβre currently in the midst of a seasonally weak period for Silver.
See the complete post from Jay Kaeppel.
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