Six-Day Winning Streak Snaps πŸ“ˆ The Daily Chart Report

May 20, 2025
Patrick Dunuwila

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Stock Market Media

Today’s Summary

Tuesday, May 20, 2025


 

Indices: Russell 2000 +0.05% | Dow -0.27% | Nasdaq -0.37% | S&P 500 -0.39%

Sectors: 3 of the 11 sectors closed higher. Staples led, rising +0.35%. Energy lagged for the third consecutive day, falling -0.92%.

Commodities: Crude Oil rose +0.16% to $62.25 per barrel. Gold gained +1.87% to $3,292 per oz. 
 
Currencies: The US Dollar Index fell -0.37% to $100.01.

Crypto: Bitcoin is currently up +1.04% at $106,725. Ethereum is down -0.62% to $2,513.

Volatility: The Volatility Index fell -0.28% to 18.08.

Interest Rates: The US 10-year Treasury yield rose to 4.485%.

 


Here are the best charts, articles, and ideas shared on the web today!
 


Chart of the Day 


πŸ†  Today's Chart of the Day was shared by Ricardo Sarraf (@nullcharts).
 

  • Bitcoin is flirting with all-time highs again for the first time since January. It officially broke out on Sunday, but today could mark the first close above $107k. 
     
  • It peaked ahead of stocks in January and bottomed along with the S&P 500 on April 8th. After correcting -28% on a closing basis, Bitcoin found support at former resistance, around $76k.
     
  • Bitcoin is emerging from a four-month base, setting the stage for a new leg higher. The recent correction was healthy, as it shook out the weak hands and cleared out some of the post-election froth.
     

The Takeaway: After shaking out the weak hands, one of the strongest uptrends in the world has potentially resumed as Bitcoin emerges from a four-month corrective phase. 



Quote of the Day


"Amateurs go broke taking large losses,
professionals go broke taking small profits."
 

- Richard Dennis


Top Links
 

What Happened Last Week Was Rare and Likely Quite Bullish - Carson Research
Ryan Detrick highlights several bullish data points to be aware of. 

Leading the V - Alfonso's Daily Note
Alfonso De Pablos looks at the breakout in the Industrials Sector ($XLI). 

Feeling Postive Energy - The Strazza Letter
Steve Strazza examines the outlook for the Energy sector ($XLE).

35% of S&P Stocks Just Did This – Here’s Why It Matters πŸ“ˆ - The Daily Number
Grant Hawkridge looks at the % of S&P 500 stocks above their December peaks. 

Thursday Historically Best Day Before Memorial Day Weekend
Jeff Hirsch looks at how stocks have historically performed around Memorial Day.

 

 


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