Cracks Beneath the Surface π The Daily Chart Report
Powered By:
Todayβs Summary
Tuesday, July 15, 2025
Indices: Nasdaq 100 +0.13% | S&P 500 -0.40% | Dow -0.98% | Russell 2000 -1.99%
Sectors: Technology was the only sector that closed higher, gaining +0.89%. Materials lagged, dropping -2.05%.
Commodities: Crude Oil fell -0.69% to $66.52 per barrel. Gold fell -0.67% to $3,337 per oz.
Currencies: The US Dollar Index closed higher for the fourth consecutive day, rising +0.55% to $98.64.
Crypto: Bitcoin is down -1.80% to $117,718. Ethereum is trading higher by +3.63% at a five-month high of $3,123.
Volatility: The Volatility Index rose +1.05% to 17.39.
Interest Rates: The US 10-year Treasury rose to a one-month high of 4.491%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Duality Research (@DualityResearch).
- The S&P 500 fell just -0.40% today, but breadth was extremely narrow. Technology was the only sector that closed higher, led by a +4.0% gain from Nvidia ($NVDA).
- Only 49 stocks closed higher, while the other 453 closed lower. Among the small group of advancers, roughly half were Tech stocks (24 of the 49).
- According to Duality, in the past 30 years, participation has never been this thin on a day when the S&P fell just -0.40%. To quote the legendary Bob Farrell, "Markets are strongest when they are broad, and weakest when they narrow to a handful of blue-chip names."
The Takeaway: While the S&P 500 slipped a modest -0.4% today, breadth was extremely narrow, with just 49 advancers vs. 453 decliners. The trend remains firmly higher, but breadth deterioration often precedes short-term weakness.
Quote of the Day
"When youβre following the markets, youβre following manβs most precious possession β his money."
- Richard Russell
Top Links
Summer Rally Room to Run, But Running Out of Gas - Almanac Trader
Jeff Hirsch points out that the second half of July hasn't historically been more challenging than the first half.
A Pause Near the Highs - CappNotes
Frank Cappelleri looks at the recent price action and patterns in the S&P 500.
Rotate to Red - The Strazza Letter
Steve Strazza examines the resurgence in China.
Did You See the Drones? - Alfonso's Daily Note
Alfonso De Pablos highlights the recent strength in Drone stocks.
Earnings Season Begins - Bespoke
Bespoke breaks down the upcoming earnings season.