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Todayβs Summary
Tuesday, October 21, 2025
Indices: Dow +0.47% | S&P 500 +0.00% | Nasdaq 100 -0.06% | Russell 2000 -0.49%
Sectors: 5 of the 11 sectors closed higher. Consumer Discretionary led, gaining +1.22%. Utilities lagged, falling -1.02%.
Commodities: Crude Oil rose +1.14% to $57.58 per barrel. Gold had its worst day since 2020, dropping -5.39% to $4,139 per oz.
Currencies: The US Dollar Index rose +0.38% to $98.96.
Crypto: Bitcoin is currently down -2.05% to $108,302. Ethereum is down -2.87% at $3,866..
Volatility: The Volatility Index fell -1.97% to 17.88.
Interest Rates: The US 10-year Treasury yield dropped to a new 52-week low of 3.965%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Alfonso De Pablos (@AlfCharts).
- Gold futures had their worst session since 2020 today, dropping -5.4%. The Gold ETF ($GLD) fell even harder, sliding -6.4% for its worst day since 2013.
- The week started strong with Gold posting its best day since 2021 yesterday. It was poised for its first 10-week winning streak since 1980, but with today's reversal, it's down -3% week-to-date.
- Alfonso shows that Gold was stretched +32% above its 200-day moving average at yesterday's close. Price rarely extends more than +25% above its 200-DMA, but previous signals were followed by several months of consolidation or correction.
The Takeaway: The parabolic rally in Gold finally snapped today. While the uptrend remains intact, price has become extremely detached from its long-term average, and mean reversion is likely in the coming weeks.
Quote of the Day
"The desire of gold is not for gold.
It is for the means of freedom and benefit."
- Ralph Waldo Emerson
Top Links
NASDAQβs Astonishing Yearend Rally - Almanac Trader
Jeff Hirsch reminds us that the seasonal trend for the Nasdaq is about to turn bullish.
The AVWAP Test - Alfonso's Daily Note
Alfonso De Pablos points out that Regional Banks, Homebuilders, and Bitcoin successfully tested their April AVWAPs.
Rotation Rules the Tape - The Daily Number
Grant Hawkridge examines sector rotation in the S&P 500 over the past month.
The Rotation Show - The Rotation Report
Aaron Jackson reviews a few noteworthy trends and themes in the market.
Here Come the Earnings - Bespoke
Bespoke breaks down the upcoming earnings season.
Top Tweets
