Homies on the Move ๐ The Daily Chart Report
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Todayโs Summary
Wednesday, August 13, 2025
Indices: Russell 2000 +1.98% | Dow +1.04% | S&P 500 +0.32% | Nasdaq 100 +0.04%
Sectors: 10 of the 11 sectors closed higher. Materials led, gaining +1.88%. Consumer Staples were unchanged +0.00%.
Commodities: Crude Oil fell -0.82% to $62.65 per barrel. Gold rose by +0.27% to $3,408 per oz.
Currencies: The US Dollar Index dropped -0.27% to $97.79.
Crypto: Bitcoin is currently up +2.78% at a record high of $123,450. Ethereum is up +3.84% at a multi-year high of $4,766.
Volatility: The Volatility Index fell -1.76% to a fresh year-to-date low of 14.48.
Interest Rates: The US 10-year Treasury dropped to 4.236%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Aaron Jackson (@RotationReport).
- The Homebuilding ETF ($ITB) notched its second-highest close of the year today, rising +4.5%. It's up +7.8% in the past two sessions, marking its best back-to-back gain in more than a year.
- $ITB is testing a confluence of potential resistance around $111, aligning with January highs, and the 61.8% Fibonacci retracement. A breakout would open the door for a full recovery back to record highs near $130.
- Momentum remains strong, with RSI reaching overbought for the first time in nearly a year. Like Semis or Banks, Homebuilders are viewed as a leading indicator for the broader market due to their economic sensitivity. Further recovery would be a healthy sign for equities overall.
The Takeaway: Homebuilders ($ITB) are gaining momentum, with $ITB flirting with its January highs near $111. Clearing this potential inflection point would set the stage for all-time highs and reinforce the bull case for equities overall.
Quote of the Day
"The first stocks to double in a bull
market will usually double again."
- Michael L. Burke
Top Links
Thereโs Nothing More Bullish Than All-Time Highs - The Daily Number
Grant Hawkridge breaks down the number of all-time highs in the S&P 500 this year.
What to Make of the Small-Cap Rally: A Closer Look at IJR and IWM - StockCharts.com
Mike Zaccardi examines the recent strength in Small Caps.
Talking Charts with J.C. Parets - Carson Research
JC Parets joins Ryan Detrick and Sonu Varghese to discuss technicals, sentiment, crypto, and more.
ARKQ Set To Soar - Alfonso's Daily Note
Alfonso De Pablos highlights a breakout in the Autonomous Technology & Robotics ETF ($ARKQ).
The Other Crypto - Ethereum - Bespoke
Bespoke looks at the recent surge in Ethereum ($ETH).
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