The Trend Resumes ๐ The Daily Chart Report
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Todayโs Summary
Monday, August 4, 2025
Indices: Russell 2000 +2.10% | Nasdaq +1.87% | S&P 500 +1.47% | Dow +1.34%
Sectors: 10 of the 11 sectors closed higher. Tech led, gaining +2.03%. Energy was the only sector that closed lower, falling -0.22%.
Commodities: Crude Oil dropped -1.54% to $66.29 per barrel. Gold rose +0.78% $3,426 per oz.
Currencies: The US Dollar Index inched higher by +0.05% to $98.73.
Crypto: Bitcoin is currently up +0.88% at $115,232. Ethereum is up +6.41% at $3,722.
Volatility: The Volatility Index slid -13.94% to 17.53.
Interest Rates: The US 10-year Treasury fell to 4.194%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐Today's Chart of the Day was shared by Brandon Beylo (@Marketplunger1).
- Gold is nearing record highs again after coiling into a tight range over the past three months. The metal has gone nowhere since stocks bottomed in mid-April, yet it's up +28% YTD versus +6% for the S&P 500.
- While Gold hasn't broken out yet, the Gold Miners ETF ($GDX) notched its highest close since 2012 today, breaking out from a two-month range between $50 and $54.50.
- $GDX remains -17.5% below its 2011 peak of $66, but with price reclaiming its 2012 peak today, thereโs little resistance preventing a full recovery in the coming months.
Quote of the Day
"Fortunes are made every year by those who take the time to learn
to interpret charts properly."
- William O`Neil
Top Links
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods highlights a few noteworthy things to watch this week.
The Top Stocks of July - The Strazza Letter
Steve Strazza looks at the stocks and areas that showed relative strength in July.
Best and Worst Historical S&P 500 August Performers - Bespoke
Bespoke examines which S&P 500 components have historically performed the best/worst in August.
Something For The Bears - Don's Dividends
Donovan Jackson points to signs of near-term caution.
Seasonal Scare, Structural Strength - Duality Research
Duality Research weighs the bullish and bearish aspects of the current market environment.
Top Tweets