Chart of the Day - Tuesday, September 23, 2025
September 23, 2025
- Today was the worst day for stocks in three weeks, although the decline was pretty mild. The Nasdaq ($QQQ) was the weakest of the bunch, falling just -0.7%.
- Brian shows four bellwether ETFs ($SPY, $QQQ, $SMH, $IWM), with three short-term trend indicators:
⚫️ AVWAP from Thursday's rate cut
🟠 5-Day Simple Moving Average
🔵 Month-to-Date AVWAP
- All four ETFs closed above all three indicators. Despite today's stumble, the short-term trend remains higher for these key ETFs.
The Takeaway: Despite today's stumble, the uptrend remains intact for $SPY, $QQQ, $SMH, and $IWM, across all time frames.
