Homies Down Bad 📈 The Daily Chart Report
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Today’s Summary
Tuesday, October 7, 2025
Indices: Nasdaq -0.20% | Russell 2000 -0.38% | S&P 500 -0.55% | Dow -0.14%
Sectors: 6 of the 11 sectors closed higher. Technology led, gaining +1.01%. Real Estate lagged, falling -1.00%.
Commodities: Crude Oil rose +1.33% to $61.76 per barrel. Gold rose +1.72% to an all-time high of 3,976 per oz.
Currencies: The US Dollar Index fell +0.41% to $98.11.
Crypto: Bitcoin is currently up +1.08% to $124,850. Ethereum is up +4.02% to $4,696.
Volatility: The Volatility Index fell -1.68% to 16.36.
Interest Rates: The US 10-year Treasury fell to 4.160%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Donovan Jackson (@TheDonInvesting).
- Homebuilders ($ITB) are under pressure this week, with $ITB logging its worst two-day drop since April, falling -2% on Monday and another -3% today.
- Donovan notes that $ITB has rolled into a potential Head & Shoulders Top over the past two months. The “head” formed in September following a failed breakout above the 61.8% Fibonacci retracement.
- Breaking above the right shoulder ($110) would invalidate this potential top. Failed tops can be quite bullish, but until the damage is repaired, this remains a red flag, as Homebuilders often lead the broader market.
The Takeaway: Homebuilders ($ITB) just suffered their worst two-day drop since April, with $ITB shedding -5% to start the week. This key industry group is sending a bearish message to the broader market as it threatens to complete a two-month top.
Quote of the Day
“Successful investors can shift gears and accept change. They don't fall in love with a stock and ignore when circumstances take a turn for the worse.”
- Mark Minervini
Top Links
New Highs Are Good - TrendLabs
JC Parets shares his thoughts on the continued rally.
Q4 Always Up After 4 or More New All-Time Closing Highs in October - Almanac Trader
Jeff Hirsch examines how the S&P 500 has historically performed in Q4 after experiencing at least four record highs in October.
Small-Caps Poised to Lead - Alfonso's Daily Note
Alfonso De Pablos looks at Small Caps vs. Large Caps.
Some Fissures’ Present in Market but Majority of Signals Are Bullish - CNBC
Jeff Degraaf discusses the notable macro trends.
Top Tweets