Banking on New Highs π The Daily Chart Report
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Todayβs Summary
Wednesday, August 27, 2025
Indices: Russell 2000 +0.64% | Dow +0.32% | Nasdaq 100 +0.24% | S&P 500 +0.17%
Sectors: 9 of the 11 sectors closed higher. Energy led, gaining +1.12%. Health Care lagged, closing lower by just -0.06%.
Commodities: Crude Oil rose +1.42% to $64.15 per barrel. Gold rose +0.45% to $3,449 per oz.
Currencies: The US Dollar Index was unchanged at $98.21.
Crypto: Bitcoin is currently up +0.45% to $112,449. Ethereum is down -0.28% to $4,588
Volatility: The Volatility Index rose +1.50% to 14.82.
Interest Rates: The US 10-year Treasury dropped to 4.238%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Sam Gatlin (@sam_gatlin).
- The Regional Banking ETF ($KRE) notched its highest close of the year today as the ETF approaches resistance from its December highs around $66.
- Sam notes that $66 represents the neckline of a 10-month Head & Shoulders Bottom. Clearing this threshold would pave the way for a full recovery back to its 2022 all-time highs, near $78.
- Short interest exceeded 100% at the April lows. It's starting to tick lower, but remains significantly elevated at 93%. Further strength from $KRE would bode well for Small Caps, as Banks are the largest industry group in the Russell 2000.
The Takeaway: Regional Banks ($KRE) are flirting with the neckline of a multi-month bottom. With heavy short interest, a break above $66 could squeeze 'em back to record highs at $78.
Quote of the Day
"There is only one side of the market and it is not the bull side or the bear side, but the right side."
- Jesse Livermore
Top Links
When Banks Break Out, Bulls Get Paid - TrendLabs
JC Parets highlights the strength in Banks and Financials.
Consumer Discretionary Could be at Start of a Bull Run - CNBC
Chris Verrone shares his thoughts on the Consumer Discretionary sector.
Discretionary vs. Staples: Why ETFs are Flashing a Bullish Signal for 2025 - StockCharts.com
Mike Zaccardi looks at the consumer ratio ($XLY/$XLP) and what it suggests about risk appetite.
September's Seasonality: The Market's Weakest Month π - The Daily Number
Grant Hawkridge examines September seasonality for the S&P 500.
The S&P 500 Isn't Worried... Yet - CappThesis
Frank Cappelleri analyzes recent breadth and momentum for the S&P 500.
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