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Patrick Dunuwila

Decision Point for the MAG 7 πŸ“ˆ The Daily Chart Report

August 21, 2025

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Stock Market Media

Today’s Summary

Thursday, August 21, 2025

 

Indices: Russell 2000 +0.25% | Dow -0.34% | S&P 500 -0.40% | Nasdaq 100 -0.46%

Sectors: 2 of the 11 sectors closed higher. Energy led, gaining +0.69%. Consumer Staples lagged, falling -0.90%.

Commodities: Crude Oil rose +1.29% to $63.52 per barrel. Gold fell -0.20% at $3,382 per oz.

Currencies: The US Dollar Index rose by +0.41% to $98.62.

Crypto: Bitcoin is currently down -1.75% at $112,274. Ethereum is down -2.44% to $4,230.

Volatility: The Volatility Index rose +5.80% to 16.59.

Interest Rates: The US 10-year Treasury fell to 4.328%.
 


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 Larry Thompson (@HostileCharts).
 

  • The Magnificent 7 ($MAGS) closed lower for a fifth straight day, yet it’s only -3.7% off record highs. Another down day tomorrow would tie for its longest losing streak since the fund was launched in 2023.
     
  • $MAGS logged its first record high of the year at the end of July, breaking out of a seven-month base by clearing its December peak of $56–$58. If Former resistance doesn't act as support here, it will mark a Failed Breakout.
     
  • With these seven stocks comprising roughly one-third of the S&P 500, a Failed Breakout would weigh on the broader market. Below $56, Larry highlights potential support near $52, where the 200-day moving average and the AVWAP from April’s lows converge.
     
The Takeaway: The Magnificent 7 ($MAGS) is revisiting the breakout level at $56–$58. This former resistance level should act as support, but a breakdown would target $52 and weigh on the broader market.



Quote of the Day


"There are old traders and there are bold traders, but there are very few old, bold traders"

- Ed Seykota


Top Links
 

The Only Two For Tech - The Strazza Letter
Steve Strazza highlights two key charts to watch within the Tech sector. 

Thirty Stocks, One Voice: Dow at New Highs - TrendLabs
JC Parets notes that the equal-weight Dow is breaking out ahead of the price-weighted index.

Growth Stumbles, Value Steps Up πŸ”„ - The Daily Number
Grant Hawkridge looks at the recent rotation between Growth and Value stocks ($IWF/$IWD). 

When Staples Lag, Bulls Party - Alfons's Daily Note
Alfonso De Pablos examines the relative trend for Consumer Staples ($XLP/$SPY). 

S&P 500 Breakouts, Bitcoin Risks & Uber’s Next Move - CappThesis
Frank Cappelleri gives a quick market update and some key patterns to watch in the near term.


Top Tweets 


 

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

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