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Patrick Dunuwila

Solid Month, Weak Finish ๐Ÿ“ˆ The Daily Chart Report

July 31, 2025

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Todayโ€™s Summary

Thursday, July 31, 2025

 

Indices: S&P 500 -0.37% | Nasdaq 100 -0.55% | Dow -0.74% | Russell 2000 -1.06%

Sectors: 3 of the 11 sectors closed higher. Communications led, gaining +0.90%. Health Care lagged, dropping -2.80%.

Commodities: Crude Oil fell -1.06% to $69.26 per barrel. Gold inched lower by -0.13% to $3,349 per oz. 
 
Currencies: The US Dollar Index closed higher for the sixth consecutive day, rising +0.15% to a two-month high of $100.03.

Crypto: Bitcoin is currently down -1.39% at $116,202. Ethereum is down -2.35% at $3,720. 

Volatility: The Volatility Index rose +8.02% to 16.71

Interest Rates: The US 10-year Treasury rose to 4.382%.

 

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


Chart of the Day 


๐Ÿ† Today's Chart of the Day was shared by Jason Goepfert (@jasongoepfert).

 

  • The Nasdaq 100 ($QQQ) opened in record territory this morning, gapping up +1.2% on strong earnings from $MSFT and $META. However, it gave it all back and engulfed the prior five closes, finishing the day down -0.5%.
 
  • Jason notes that forward returns have historically been mixed over the next few weeks, based on the eight prior signals since 1999 in which $QQQ gapped to a new high by +1% or more, only to close red. 
 

  • The next week was higher just 25% of the time, for an average loss of -1.6%. On a more bullish note, the next 2-3 weeks have been higher 88% of the time, averaging gains of +2.4% and +4.1%, respectively.

     

The Takeaway: The Nasdaq ($QQQ) closed lower by -0.5% today despite gapping higher by +1.2% this morning. After similar reversals, $QQQ struggled over the next week, but strength quickly returned within 2-3 weeks.



Quote of the Day


"Frankly, I don't see markets; 

I see risks, rewards, and money."

- Larry Hite


Top Links
 

Strong Trend Meets Soft Seasonality ๐Ÿงญ - The Daily Number
Grant Hawkridge looks at the seasonal headwinds ahead. 

Here Comes August, Buckle Up - Carson Research
Ryan Detrick shares a few key insights as we kick off the month ahead. 

Can the S&P 500 Rally Overcome Bearish Seasonality? -Schaeffer's Investment Research
Rocky White looks at the best and worst S&P 500 stocks to own amid the August seasonal headwind. 

ETF Takeaways on Financials, Volatility, and Leverage - Strategas Asset Management
Todd Sohn discusses volatility, financials, and recent fund flows. 

The Carvana (CVNA) Comeback - Bespoke
Bespoke highlights the remarkable comeback in shares of Carvana ($CVNA).  

 


Top Tweets

You're all caught up now. Thanks for reading!

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