Mag7βs Moment of Truth π The Daily Chart Report
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Todayβs Summary
Monday, July 28, 2025
Indices: Nasdaq +0.36% | S&P 500 +0.02% | Dow -0.14% | Nasdaq -0.19%
Sectors: 3 of the 11 sectors closed higher. Energy led, gaining +1.14%. Real Estate lagged, falling -1.73%.
Commodities: Crude Oil gained +2.38% to $66.71 per barrel. Gold fell for the fourth consecutive day, slipping -0.77% to $3,310 per oz.
Currencies: The US Dollar Index rose +1.01% to $98.66.
Crypto: Bitcoin is currently down -1.14% at $118,105. Ethereum is down -2.38% at $3,782.
Volatility: The Volatility Index rose +0.80% to 15.04
Interest Rates: The US 10-year Treasury rose to 4.414%.
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 Kevin Gordon (@KevRGordon).
- The market has a feast of earnings and economic data to digest this week, including earnings from four of the Magnificent 7. $MSFT and $META report on Wednesday, followed by $AAPL and $AMZN on Thursday.
- While the S&P 500 logged its 15th record high of the year today, the Mag7 index hasnβt made a record high all year. That could change this week, as the group sits just whiskers below its December peak ahead of earnings.
- With these seven names comprising roughly one-third of the S&P 500, the two indices look nearly identical. If the Mag7 finally breaks out, it will reinforce the trend in the S&P 500. However, rejection here could pressure the broader market.
The Takeaway: The Mag7 hasn't made a record high all year, but the index is testing its December peak ahead of a busy earnings week. A breakout would confirm the trend in the S&P 500, while rejection would signal caution.
Quote of the Day
"My philosophy is that to be the best investor you can be, you have to possess an insatiable desire to learn and an unshakeable belief in your own capabilities."
- Stanley Druckenmiller
Top Links
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods outlines the flood of earnings and economic data scheduled for this week.
Tech Sector Now 1/3rd of S&P - Bespoke
Bespoke looks at the growing influence of the Technology sector within the S&P 500.
Dipping Into Health Care - The Strazza Letter
Steve Strazza notes that the beaten-down Health Care sector is setting up for a potential rebound.
Financials On Fire - Don's Dividends
Donovan Jackson looks at several key charts in the Financial sector.
Take It to the Limit - Vixology
Jim Carroll examines the recent calm in the markets.