Patrick Dunuwila profile image
Patrick Dunuwila

Value Line Holds the Line πŸ“ˆ The Daily Chart Report

August 6, 2025

Powered By:

Stock Market Media

Today’s Summary

Wednesday, August 6, 2025

 

Indices: Nasdaq 100 +1.29% | S&P 500 +0.73% | Dow +0.18% | Russell 2000 -0.20%

Sectors: 6 of the 11 sectors closed higher. Consumer Discretionary led, gaining +2.08%. Health Care lagged, falling -1.50%.

Commodities: Crude Oil closed lower for the fifth straight day, falling -1.24% to $64.35 per barrel. Gold rose +0.24% $3,435 per oz.

Currencies: The US Dollar Index dropped -0.57% to $98.19.

Crypto: Bitcoin is currently up +0.85% at $115,104. Ethereum is up +1.95% at $3,682.

Volatility: The Volatility Index dropped -6.05% to 16.76.

Interest Rates: The US 10-year Treasury rose to 4.232%.


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


Chart of the Day 


πŸ† Today's Chart of the Day was shared by Ricardo Sarraf (@nullcharts).
 

  • Mega-Caps did most of the heavy lifting today, renewing concerns over market breadth and narrow leadership. However, Rick points out that the average stock is holding up just fine.
 
  • The Value Line Geometric Index serves as a barometer for the median stock, offering a broader view of the U.S. stock market than traditional cap-weighted indices like the S&P 500. Similar to the Russell 2000, it hasn’t made a new high since 2021.
 
  • However, it successfully retested a breakout level yesterday, turning former resistance into support. If the median stock were breaking down, it would validate concerns over narrow leadership. But with the Value Line holding steady, there’s nothing wrong with leaders leading.
     
The Takeaway: Breadth is narrowing again, with Mega-Caps dominating today's tape. However, narrow leadership is less of an issue if the median stock remains intact.



Quote of the Day


β€œIt is a capital mistake to theorize before one has data. Insensibly, one 
begins to twist facts to suit theories, instead of theories to suit facts.”

- Sherlock Holmes


Top Links
 

Chart Advisor - Investopedia
Shane Murphy highlights a few noteworthy charts and themes, including Gold Miners, Uranium, and Treasury yields.

$350 Billion Lost. CEO Gone. Perfect Time to Buy? - TrendLabs
JC Parets looks at the collapse in UnitedHealth ($UNH) from a contrarian angle.

Volatility Season Is Here β€” Will Bulls Blink? πŸ˜Άβ€πŸŒ«οΈ - The Daily Number
Grant Hawkridge examines seasonality for the Volatility Index ($VIX). 

Long-Term Stock Winners That Could Keep On Trucking - Schaeffers Research
Rocky White looks at which long-term winners are poised to continue in the coming years. 

July Equity Flows and the Concentration Freight Train - Strategas Asset Management
Todd Sohn shares some key takeaways from recent fund flows.


Top Tweets

 

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

Filed Under: