Chart of the Day - Friday, July 25, 2025

🏆 Today's Chart of the Day was shared by Ross J. Brown (@RJB_Financial).
 

• The Dow Jones Industrial Average closed just 10 points shy of an all-time high, or -0.02% on a weekly closing basis. However, it still gained +1.3% this week.
   
• The other two large-cap indices ($SPY and $QQQ) have consistently set record highs over the past month, but the Dow hasn’t notched a new high since November. 
   
• $DIA remains tightly coiled beneath resistance at 45,000, representing the peaks from January and November. As Ross notes, a breakout would unlock the door to Dow 50k by year-end.
   

The Takeaway: The Dow closed just a few points shy of a record high despite solid gains this week. Pressure is building at 45k, and a decisive breakout would target 50k by year-end.