Stuck in Neutral π The Daily Chart Report
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Todayβs Summary
Tuesday, April 15, 2025
Indices: Nasdaq +0.18% | Russell 2000 +0.11% | S&P 500 -0.17% | Dow -0.38%
Sectors: 5 of the 11 sectors closed higher. Tech led, rising +0.36%. Consumer Staples lagged, falling -0.85%.
Commodities: Crude Oil fell -0.33% to $61.33 per barrel. Gold rose +0.44% to $3,240 per oz.
Currencies: The US Dollar Index rose +0.46% to $100.10.
Crypto: Bitcoin is currently down -0.75% to $83,946. Ethereum is down -1.75% to $1,595.
Volatility: The Volatility Index fell -2.49% to 30.11.
Interest Rates: The US 10-year Treasury yield dropped to 4.339%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Jason Goepfert (@jasongoepfert).
- The Volatility Index ($VIX) almost closed below 30 today for the first time in two weeks after reaching a five-year high of 52 last Tuesday. It spent most of the day below 30 but closed slightly above.
- Jason points out that when the $VIX has dropped from 50 to 30, it has historically been a 'bear killer.' This has only happened four times since the $VIX was created (1987, 2002, 2009, and 2020).
- While the sample size is too small to be statistically significant, this hasn't been a bearish signal. The following week was a coin flip, with the $SPX higher 50% of the time. However, $SPX was always higher 12 months later, with a median gain of +17.9%.
The Takeaway: The $VIX nearly closed below 30 today after reaching a five-year high of 52 last week. While the sample size is limited, this has historically signaled that the worst of the storm has already passed.
Quote of the Day
βThe income tax has made more liars out
of the American people than golf has.β
- Will Rogers
Top Links
A Familiar Setup - CappNotes
Frank Cappelleri analyzes the recent price action and patterns in the S&P 500.
Breadth Levels You Don't See During a Bull Market π - The Daily Number
Grant Hawkridge examines the recent spike in new 52-week lows.
U.S. Dollar Selloff Testing Important Support⦠For The 3rd Time! - Kimble Charting Solutions
Chris Kimble points out that the US Dollar is testing a long-term support level.
DJIA Up 34 of Last 43 April Monthly Expiration Weeks - Almanac Trader
Jeff Hirsch looks at how stocks have historically performed around April options expiration (this Friday).