Another Failed Bounce 📉 The Daily Chart Report
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Today’s Summary
Tuesday, April 8, 2025
Indices: Dow -0.84% | S&P 500 -1.57% | Nasdaq -1.95% | Russell 2000 -2.73%
Sectors: All 11 sectors closed lower. Financials led but still fell -0.38%. Materials lagged, dropping -3.08%.
Commodities: Crude Oil fell -1.85% to a four-year low of $59.58 per barrel. Gold rose +0.56% to $2,990 per oz.
Currencies: The US Dollar Index dropped -0.54% to $102.91.
Crypto: Bitcoin dropped -3.64% to $76,244. Ethereum dropped -5.20% to a 52-week low of $1,472.
Volatility: The Volatility Index rose +11.39% to 52.32.
Interest Rates: The US 10-year Treasury yield rose to 4.291%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Alfonso De Pablos (@AlfCharts).
- The S&P 500 closed lower by -1.5% after being up more than +4.0% this morning. It's not bullish seeing bounces fade so quickly.
- As of today, only 12% of stocks in the S&P 1500 are above their 200-day moving averages, marking the lowest reading since Covid.
- While breadth is extremely weak, Alfonso points out that reclaiming the 15% threshold has historically been a solid buy signal.
The Takeaway: Breadth has reached washout levels, but the coast isn't clear until this indicator turns higher and reclaims 15%. For more on this signal, read the full post here.
Quote of the Day
"The more volatile it gets,
the more calm I get.
- Steve Cohen
Top Links
Bounce Fails After 2-Day 10% Rout Wait for Fatter Pitch - Almanac Trader
Jeff Hirsch examines how stocks have historically performed after a two-day drop of 10% or more.
Verrone: Retail Poured $125B Into the Market—Reflects Sentiment Shift - CNBC
Chris Verrone shares his thoughts on the current market environment.
Buy When Everyone is Fearful? 🟢 - The Daily Number
Grant Hawkridge highlights signs of extreme fear.
15 Things All Investors Need To Know - Carson Research
Ryan Detrick puts the recent sell-off into historical perspective.