Nice Try, Moody’s 📈 The Daily Chart Report
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Today’s Summary
Monday, May 19, 2025
Indices: Dow +0.32% | Nasdaq 100 +0.09% | S&P 500 +0.09% | Russell 2000 -0.42%
Sectors: 8 of the 11 sectors closed higher. Health Care led, rising +0.96%. Energy lagged, falling -1.30%.
Commodities: Crude Oil rose +0.27% to $62.14 per barrel. Gold rose +1.45% to $3,233 per oz.
Currencies: The US Dollar Index dropped -0.62% to $100.35.
Crypto: Bitcoin is currently down -1.04% at $105,414. Ethereum is up +0.72% to $2,516.
Volatility: The Volatility Index gained +5.10% to 18.13.
Interest Rates: The US 10-year Treasury yield inched higher to 4.449%.
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 Donovan (@TheDonInvesting).
- The S&P 500 closed higher for the sixth straight session today, shaking off a Friday night tape bomb as Moody’s cut the U.S. credit rating. $SPX is only -3% below record highs after bouncing nearly +20% over the past month.
- Donovan points out that the Industrial Sector ($XLI) achieved its first all-time high since February today, marking the first sector to reach record highs since Liberation Day.
- Industrials are also breaking out relative to the S&P 500 on both a cap-weighted ($XLI/$SPY) and equally-weighted basis ($RSPN/$SPY).
The Takeaway: Industrials ($XLI) are officially the first sector across the finish line, with $XLI closing at a new all-time high for the first time since February. As a traditionally risk-on group, this is exactly the type of leadership bulls want to see.
Quote of the Day
"In order to outperform, by definition, you have to depart from the crowd. You have to hold a different position."
- Howard Marks
Top Links
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods outlines some key things to watch in the week ahead.
Big Bases in Emerging Asia - The Strazza Letter
Steve Strazza examines the areas of strength within Asian.
The Market Just Flipped. Did You Catch It? ⬆️ - The Daily Number
Grant Hawkridge looks at market internals following the recent bounce.
Failed Top in the Dow/Gold Ratio - Alfonso's Daily Note
Alfonso De Pablos points out that stocks are breaking out versus rocks (Dow/Gold).
Hot Knife Through Butter - The Weekly Trend Podcast
David Zarling and Ian McMillan discuss the notable trends and themes across the markets.