Energy Powers Up π The Daily Chart Report
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Todayβs Summary
Wednesday, September 24, 2025
Indices: S&P 500 -0.28% | Nasdaq 100 -0.31% | Dow -0.37% | Russell 2000 -0.92%
Sectors: 4 of the 11 sectors closed higher. Energy led, gaining +1.30%. Materials lagged, falling -1.27%.
Commodities: Crude Oil rose +1.82% to $64.81 per barrel. Gold dropped -0.75% to 3,769 per oz.
Currencies: The US Dollar Index rose +0.64% to $97.84.
Crypto: Bitcoin is currently up +1.22% to $113,396. Ethereum is down -0.14% to $4,159.
Volatility: The Volatility Index fell -2.71% to 16.18.
Interest Rates: The US 10-year Treasury rose to 4.149%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Bespoke (@bespokeinvest).
- Energy ($XLE) was the strongest sector for the second straight day while the broader market fell. It reached its highest since April on an intraday basis today, but closed slightly shy of a new high.
- Bespoke shows that $XLE is testing a combo of resistance around $90, aligning with horizontal resistance and a one-year downtrend line. It's resolving higher from a three-month base.
- A Golden Cross formed last week as the 50-DMA crossed above the 200-DMA for the first time since March. While many dismiss this signal due to its silly name and sensational use in the media, it's empirical evidence of a strengthening trend.
The Takeaway: The Energy Sector ($XLE) is testing a confluence of resistance at $90, as the trend begins to improve.
Quote of the Day
"Sometimes failure is merely chasing you off the wrong road and onto the right one."
- Paul Tudor Jones
Top Links
Post-Election Year Octobers Historically Rank Mid-Pack but Average Performance Improves - Almanac Trader
Jeff Hirsch notes that October is generally better in post-election years.
Weβre Seeing Reflationary Pulses, Not Ominous Inflation - CNBC
Chris Verrone shares his thoughts on recent macro trends.
The S&P 500 Just Hit Two Upside Targets - CappThesis
Frank Cappelleri examines the patterns and price action in the S&P 500.
Credit Momentum Flips Green - Stocks Love This Setup π’ - The Daily Number
Grant Hawkridge looks at what easing credit pressure could mean for stocks.
China Tech Breakout: Alibaba Sparks a FXI Rally Despite Powell's Warning - StockCharts.com
Mike Zaccardi highlights China ($FXI) and its most significant component, Alibaba ($BABA).
Top Tweets