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Todayโs Summary
Thursday, November 6, 2025
Indices: Dow -0.84% | S&P 500 -1.12% | Russell 2000 -1.86% | Nasdaq -1.91%
Sectors: 2 of the 11 sectors closed higher. Energy led, gaining +0.97%. Consumer Discretionary lagged, falling -2.31%.
Commodities: Crude Oil fell -0.18% to $59.53 per barrel. Gold was flat at $3,985 per oz.
Currencies: The US Dollar Index dropped -0.44% to $99.72.
Crypto: Bitcoin is currently down -2.55% to $101,194. Ethereum is down -3.08% to $3,319
Volatility: The Volatility Index rose +8.28% to 19.49.
Interest Rates: The US 10-year Treasury yield dropped to 4.087%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter).
- Over the past three weeks, the Gold ETF ($GLD) has logged its first -10% correction since October 2023, though Gold futures have yet to reach that threshold.
- With $GLD currently at $366, Mark notes that price is pinched between the AVWAP from the peak ($375) and the AVWAP from late August ($360), where it later broke out and ran nearly +30%.
- The lower AVWAP has held twice so far, representing the average cost basis of buyers during the September/October advance. When two AVWAPs pinch together, it often precedes a strong move in the direction of the eventual breakout.
The Takeaway: $GLD has seen its first -10% correction in more than two years. It's pinched between two AVWAPs at $375 and $360, and a break would likely spark an energetic, sustainable move.
Quote of the Day
"In this game, the market has to keep pitching, but you don't have to swing. You can stand there with the bat on your shoulder for six months until you get a fat pitch."
- Warren Buffett
Top Links
Stealth Correction - Don's Dividends
Donovan Jackson highlights the tight consolidation in the Industrial sector ($XLI).
Stocks Will Keep Breaking Records. Here's the Data. - Full Signal Podcast
Ryan Detrick and Phil Rosen discuss the current bull market and what could be in store for 2026.
Why Gold, Bitcoin, and Stocks Are Flashing Warning Signs - StockCharts
Larry Williams discusses the bear case for risk assets.
Internals, Patterns and Key Charts - CappNotes
Frank Cappelleri breaks down the recent price action and patterns in the S&P 500.
The Return of the Trump Trade - Alfonso's Daily Note
Alfonso De Pablos looks at the resurgence in Solar stocks ($TAN).
Top Tweets
