Another Perfect Week 📈 The Daily Chart Report
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Today’s Summary
Friday, May 16, 2025
Indices: Russell 2000 +0.89% | Dow +0.78% | S&P 500 +0.70% | Nasdaq +0.43%
Sectors: 10 of the 11 sectors closed higher. Health Care led, rising +2.02%. Energy was the only sector that closed lower, falling -0.15%.
Commodities: Crude Oil rose +0.57% to $61.97 per barrel. Gold dropped -1.22% to $3,187 per oz.
Currencies: The US Dollar Index rose +0.17% to $100.98.
Crypto: Bitcoin is currently down -0.13% at $103,660. Ethereum is up +1.13% to $2,577.
Volatility: The Volatility Index dropped -3.20% to 17.25.
Interest Rates: The US 10-year Treasury yield rose to 4.477%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Walter Deemer (@WalterDeemer).
- The S&P 500 ($SPY) closed higher in all five sessions this week, gaining +5.3%. This marks the second ‘perfect week' in the past month, as a V-shaped recovery off the April lows continues to play out.
- Walter points out that $SPY opened firmly above its 200-day moving average on Monday and never looked back, leaving an unfilled gap on both the daily and weekly charts.
- To fill this week's gap, $SPY would need to drop roughly -4.5% to $567.50. The gaps on April 27th and May 1st were also left unfilled. As Walter often notes, "How quickly gaps get filled—if at all—gives us an idea of how strong the underlying trend is."
The Takeaway: In the past month alone, $SPY has logged two ‘perfect weeks’ and three unfilled gaps, reflecting a strong underlying bid and solid momentum off the April low.
Quote of the Day
"Notice that the stiffest tree is most easily cracked, while the bamboo or willow survives by bending with the wind."
- Bruce Lee
Top Links
My Favorite Chart this Past Week - CappNotes
Frank Cappelleri highlights the rebound in the Tech sector ($XLK).
How Will Stocks Perform This Memorial Day Week? - Rocky White
Rocky White looks at how stocks have historically performed around Memorial Day.
There's Still Upside for Stocks and Pullbacks Will be Shallow - CNBC
Tom Lee shares his thoughts on the current market environment.
Applying Dow Theory to Today's Market: Are We in a Reversal or a New Trend? - StockCharts.com
Kurt Montevirgen examines what Dow Theory suggests about the current market.