Chart of the Day - Thursday, August 14, 2025

🏆 Today's Chart of the Day was shared by Evan Medeiros (@evanmedeiros).
 

• Despite gapping lower to start the day, the S&P 500 closed slightly higher by +0.03%, eking out its third consecutive record high. Even notes that Biotech was notably resilient to the broader market pressure today.

   

• The Equal-Weight Biotech ETF ($XBI) closed at a five-month high today, building on yesterday's breakout from a one-month Bull Flag. It barely retraced yesterday's gain and refused to fill the breakaway gap.
   
• Biotech has been a notable laggard this decade, but money continues to rotate further down the risk spectrum, with things like Meme Coins, Pot Stocks, and IPOs catching a bid. 
   

The Takeaway: Biotech ($XBI) was resilient to pressure in the broader market today, notching at a five-month high after emerging from a tight consolidation yesterday.