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Patrick Dunuwila

$QQQ Hits the Skids, Five in a Row ๐Ÿ“ˆ The Daily Chart Report

August 20, 2025

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Todayโ€™s Summary

Wednesday, August 20, 2025

 

Indices: Dow +0.04% | S&P 500 -0.24% | Russell 2000 -0.32% | Nasdaq 100 -0.58%

Sectors: 7 of the 11 sectors closed higher. Energy led, gaining +0.83%. Consumer Discretionary lagged, falling -0.99%.

Commodities: Crude Oil rose +1.52% to $62.71 per barrel. Gold rose +0.89% to $3,389 per oz.

Currencies: The US Dollar Index inched lower by -0.07% to $98.22.

Crypto: Bitcoin is currently up +1.29% at $114,309. Ethereum is up +6.45% to $4,339.

Volatility: The Volatility Index rose +0.64% to 15.68.

Interest Rates: The US 10-year Treasury fell to 4.291%.
 


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 @CyclesFan.
 

  • The Nasdaq 100 ($QQQ) notched its first five-day losing streak of the year today, pulling back a total of -4.2% on an intraday basis, and just -2.5% on a closing basis.
 
  • $QQQ hasn't seen a six-day losing streak since the bear market lows of October 2022, but tomorrow could change that.
 
  • @CyclesFan highlights the parallels with the last two five-day losing streaks in January and November 2024, both of which began from record highs, fell roughly ~4%, and returned to new highs within two weeks.
     
The Takeaway: The Nasdaq ($QQQ) just logged its first five-day skid of the year. Past five-day streaks quickly resolved to fresh highs, but a sixth down day tomorrow would be something this bull market hasn't seen yet, and a potential character change.



Quote of the Day


"One of the things you learn in this business is humility because you see your mistakes the next day."

- Walter Schloss


Top Links
 

Volatility Low In? VIX Historically Rises to an October Peak - Almanac Trader
Jeff Hirsch looks at seasonality for the Volatility Index ($VIX). 

Will The Fed Really Cut Rates With Stocks Near New Highs? - Carson Research
Ryan Detrick examines the probability and implications of a Fed rate cut.

Consumer Hits Record Highs - Alfonso's Daily Note
Alfonso De Pablos flags the strength in the Consumer Discretionary sector. 

Financials and Industrials Are Key to the Rally as Tech Takes a Breather - StockCharts
Mike Zaccardi looks at the signs of sector rotation. 

Index Red, Market Green๐Ÿšฆ - The Daily Number
Grant Hawkridge highlights the healthy participation beneath the surface of yesterday's decline.  


Top Tweets 


 

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

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