Metals on the Move 📈 The Daily Chart Report
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Today’s Summary
Wednesday, October 8, 2025
Indices: Nasdaq +1.19% | Russell 2000 +1.04% | S&P 500 +0.58% | Dow 0.00%
Sectors: 6 of the 11 sectors closed higher. Tech led, gaining +1.75%. Energy lagged, falling -0.58%.
Commodities: Crude Oil rose +1.33% to $62.55 per barrel. Gold gained +1.65% to another record high of $4,071 per oz.
Currencies: The US Dollar Index rose +0.25% to $98.82.
Crypto: Bitcoin is currently up +1.64% to $123,385. Ethereum is up +1.80% to $4,529.
Volatility: The Volatility Index fell -5.46% to 16.29.
Interest Rates: The US 10-year Treasury yield was flat at 4.123%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Jason Perz (@JasonP138).
- The Steel ETF ($SLX) broke out to a 14-year high today, clearing its December 2023 peak of $74. It surged by +270% off the COVID lows before entering this four-year consolidation phase.
- With precious metals defying gravity recently, industrial metals are finally catching some demand, with copper miners ($COPX) also seeing a multi-year breakout today.
- The top-weighted stocks in $SLX are:
- $RIO - Rio Tinto Group (10.7%)
- $VALE - Vale S.A. (8.5%)
- $MT - ArcelorMittal S.A. (5.6%)
- $NUE - Nucor Corporation (5.3%)
- $STLD - Steel Dynamics Inc. (5.1%)
The Takeaway: The Steel ETF ($SLX) broke out to a 14-year high today, potentially marking the end of a grueling multi-year consolidation.
Quote of the Day
“Study successful investors, and you'll notice a common denominator: they are masters of psychology. They can't control the market, but they have complete control over the gray matter between their ears.”
- Morgan Housel
Top Links
Calm Market, Strong Tape - The Daily Number
Grant Hawkridge looks at the current streak without a 1% move in the S&P 500.
What Falling Historical Volatility Could Mean for the SPX - Rocky White
Rocky White examines the recent divergence between historical and implied volatility.
Gold at $4,000. Miners Doubled This Year. What’s Next? - TrendLabs
JC Parets shares his thoughts on the rally in precious metals.
5 Charts to Watch Now | S&P 500, Semis, Germany, Healthcare & Bitcoin - CappThesis
Frank Cappelleri breaks down a few notable trends across the markets.
Smart Money Is Long the Dollar - Alfonso's Daily Note
Alfonso De Pablos examines the outlook for the US Dollar ($DXY).
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