Channeling 7,000 by Year-End π The Daily Chart Report
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Todayβs Summary
Tuesday, June 10, 2025
Indices: Nasdaq +0.66% | Russell 2000 +0.56% | S&P 500 +0.55% | Dow +0.25%
Sectors: 10 of the 11 sectors closed higher. Energy led, gaining +1.78%. The only sector that closed lower was Industrials, falling -0.44%.
Commodities: Crude Oil fell -0.47% to $64.98 per barrel. Gold fell -0.34% to $3,343 per oz.
Currencies: The US Dollar Index ticked higher by +0.04% to $99.04.
Crypto: Bitcoin is currently down -0.51% to $109,744. Ethereum is up +4.25% to $2,795.
Volatility: The Volatility Index fell -1.11% to 16.96.
Interest Rates: The US 10-year Treasury yield was unchanged at 4.474%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter).
- The S&P 500 ($SPX) closed higher for the third consecutive day, finishing less than 2% below all-time highs as a V-shaped recovery continues to play out.
- Despite the swift correction earlier this year, $SPX has remained within a 16-year rising channel that dates back to the 2009 low.
- Mark notes that a projection of the channelβs upper boundary points to a year-end target of nearly 7,000, more precisely 6,970, offering more than +15% potential upside from current levels.
The Takeaway: The S&P 500 remains within a 16-year rising channel, with its upper boundary indicating a year-end target just shy of 7,000.
Quote of the Day
βMoney makes money.
And the money that money makes,
makes money.β
- Benjamin Franklin
Top Links
The Rocky Balboa Market - Carson Research
Ryan Detrick shares a few insights on the continued rebound.
Two Key Breadth Indicators - CappNotes
Frank Cappelleri looks at breadth beneath the surface of the major averages.
Passengers Are Broke. Drivers Got Paid π - The Daily Number
Grant Hawkridge checks on the average stock in the S&P 500.
Small Caps Rocking Typical Post-Election June
Jeff Hirsch examines how Small Caps have historically performed in June.
WTF Is An Isotope? - The Strazza Letter
Steve Strazza highlights the recent strength in speculative growth stocks and Uranium.
Top Tweets