Emerging Markets Emerge ๐ The Daily Chart Report
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Todayโs Summary
Tuesday, September 9, 2025
Indices: Dow +0.43% | Nasdaq 100 +0.33% | S&P 500 +0.27% | Russell 2000 -0.55%
Sectors: 7 of the 11 sectors closed higher. Utilities led, gaining +0.69%. Materials lagged, falling -1.63%.
Commodities: Crude Oil gained +0.63% to $62.26 per barrel. Gold rose +0.66% to a record high of $3,677 per oz.
Currencies: The US Dollar Index rose +0.31% to $97.74.
Crypto: Bitcoin is currently down -0.55% to $111,480. Ethereum is trading slightly higher by +0.11% at $4,311.
Volatility: The Volatility Index fell -0.46% to 15.03.
Interest Rates: The US 10-year Treasury yield snapped a four-day losing streak, rising to 4.086%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Scott Brown (@scottscharts).
- Emerging Markets outperformed the S&P 500 for the third consecutive day, notching a one-month high on a relative basis ($EEM/$SPY), and a three-year high on an absolute basis.
- After a decade of persistent underperformance, $EEM is up twice as much as the S&P 500 this year. While the ratio has pulled back since April, it broke above a five-month downtrend line today.
- Scott notes that $EEM/$SPY is carving a potential Head & Shoulders Bottom, with the neckline aligning with the 2024 highs. While the pattern is far from complete, the long-term trend could inflect higher soon, as the ratio has spent several months above a 1-year moving average.
Quote of the Day
"Know how to listen, and you will profit even from those who talk badly."
- Plutarch
Top Links
NASDAQ Keeps Setting RecordsโAnd Historically Thatโs Been Good News for the Rest of Year
Jeff Hirsch examines how the Nasdaq has historically performed after achieving more than 20 all-time highs in the first eight months of the year.
Nothing Broken, Yet Everyoneโs Worried ๐ - The Daily Number
Grant Hawkridge notes that all of the major US indices are above their moving averages from the 5-day to the 200-day.
Two Simple Trend Gauges - Capp Thesis
Frank Cappelleri looks at the recent price action and patterns in the S&P 500 and more.
An Ode to the Open-Minded - The Strazza Letter
Steve Strazza looks at the strength in China.
Concentrate Harder - TrendLabs
JC Parets shares his thoughts on the concentration risk in the S&P 500.
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