Pot Stocks Spark Up ๐ The Daily Chart Report
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Todayโs Summary
Monday, September 29, 2025
Indices: Nasdaq 100 +0.44% | S&P 500 +0.26% | Dow +0.15% | Russell 2000 +0.04%
Sectors: 10 of the 11 sectors closed higher. Technology led, gaining +0.53%. Energy was the only sector that closed lower, falling -1.84%.
Commodities: Crude Oil dropped -3.45% to $63.45 per barrel. Gold rose +1.21% to an all-time high of 3,855 per oz.
Currencies: The US Dollar Index fell -0.25% to $97.94.
Crypto: Bitcoin is currently up +1.76% to $114,180. Ethereum is up +1.95% to $4,223.
Volatility: The Volatility Index rose +5.36% to 16.11.
Interest Rates: The US 10-year Treasury fell to 4.141%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Eric Conrads (@conradseric).
- Pot stocks lit up today, with the Amplify Alternative Harvest ETF ($MJ) surging +26.7%, for its best day since August, when it saw a similar-sized +27% rally. It's now sitting just -4% below a 52-week high, closing at its highest since November.
- As Eric points out, today's surge occurred on the heaviest volume in more than a year. The primary trend remains lower, but $MJ is firmly above a rising 20-day moving average, and the 200-day moving average has curled higher since August.
- Pot stocks remain unloved after years of dismal performance and head-fakes. Yet, the group is exhibiting relative strength with $MJ up +46% YTD, while the broader Health Care sector ($XLV) is down -1.2%.
Quote of the Day
"Big bull markets always find a way to keep you frightened and OUT. Big bull markets are devils with no conscience - to get in you have to โclose your eyes, and just do itโ. Not easy, but in this business, nothing is easy except losing money."
- Richard Russell
Top Links
Portfolio Rebalancing Has Pressured Markets on Last Day Trading Day of Q3 - Almanac Trader
Jeff Hirsch looks at how stocks have historically performed on the final trading day of Q3.
Intermarket Crosscurrents: What Quarter-End Trends Signal for Q4 - StockCharts.com
Mike Zaccardi breaks down the notable movers in Q3.
Observations: Sept 2025 - MurphyCharts
Shane Murphy shares a few brief takeaways from September.
Global Breadth Hits Longest Run Since 2021 - The Daily Number
Grant Hawkridge highlights a postive streak in global breadth.
Top Drone Stocks Take Flight - The Strazza Letter
Steve Strazza examines the strength in drone stocks, including $UMAC, $RCAT, and more.
Top Tweets