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Patrick Dunuwila

Small-Caps Seal the Deal πŸ“ˆ The Daily Chart Report

September 18, 2025

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Today’s Summary

Thursday, September 18, 2025

 

Indices: Russell 2000 +2.51% | Nasdaq +0.95% | S&P 500 +0.48% | Dow +0.27%

Sectors: 7 of the 11 sectors closed higher. Technology led, gaining +1.73%. Consumer Staples lagged, falling -0.87%.

Commodities: Crude Oil fell -1.03% to $63.31 per barrel. Gold fell -0.44% to 3,678 per oz.

Currencies: The US Dollar Index rose +0.35% to $97.36.

Crypto: Bitcoin rose +0.83% at $117,437. Ethereum is flat at $4,598.

Volatility: The Volatility Index ticked lower by -0.13% to 15.69.

Interest Rates: The US 10-year Treasury yield rose to 4.110%.

 

 


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 Mike Zaccardi (@MikeZaccardi).
 

  • The Russell 2000 ($IWM) broke out with authority today, printing its first all-time high since November 2021. It went nearly four years, or 967 trading days, ending its second-longest drawdown on record.
     
  • As Mike notes, the relative strength behind today's milestone was just as impressive. $IWM outpaced $SPY by +2.0%, marking the second-best day of the year, as the ratio ($IWM/$SPY) notched a seven-month high.
     
  • Investors have generally reduced or abandoned exposure to Small Caps, following years of harsh underperformance, but $IWM has beaten $SPY by +5.5% since the April lows. Rotation could become more pronounced now that $IWM is finally unburdened by overhead supply.
     
The Takeaway: The Russell 2000 ($IWM) broke out for the first time in nearly four years today, ending the second-longest drawdown on record. Today's move came on relative strength with $IWM posting its second-best day of the year versus $SPY. Rotation could easily continue with the index finally in uncharted territory.



Quote of the Day


"The height of the pinnacle is determined by the breadth of the base."
 

- Ralph Waldo Emerson


Top Links
 

Russell's New High, Courts, Valuations - Bespoke
Bespoke looks at the lengthy drawdown in the Russell 2000 that finally ended today. 

Exploiting Their Recency Bias for Our Own Selfish Gains - TrendLabs
JC Parets shares his thoughts on Small-Caps. 

Sell Rosh Hashanah Set Up! - Almanac Trader
Jeff Hirsch examines the seasonal strategy of selling Rosh Hashanah and buying Yom Kippur.

πŸ“ˆ The Compound CHART PACK - OptimistiCallie
Callie Cox and Matt Cerminaro share some noteworthy charts to make sense of today's market. 


Top Tweets 

 

 


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