Trust the Thrust π The Daily Chart Report
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Todayβs Summary
Tuesday, May 13, 2025
Indices: Nasdaq +1.58% | S&P 500 +0.72% | Russell 2000 +0.49% | Dow -0.64%
Sectors: 6 of the 11 sectors closed higher. Technology led, rising +2.16%. Health Care lagged, dropping -3.01% to a 52-week low.
Commodities: Crude Oil rose +2.73% to $63.64 per barrel. Gold rose +0.95% to $3,259 per oz.
Currencies: The US Dollar Index dropped -0.80% to $100.96.
Crypto: Bitcoin is currently up +1.76% at $104,601. Ethereum is at +8.02% to $2,696.
Volatility: The Volatility Index fell -0.82% to 18.23.
Interest Rates: The US 10-year Treasury yield was unchanged at 4.469%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Willie Delwiche (@WillieDelwiche).
- The S&P 500 ($SPX) closed at its highest level since February as the V-bound continued today. Itβs sitting only 4.2% below all-time highs after bouncing more than +18% from last monthβs low (on a closing basis).
- Many dismissed the recent Zweig Breadth Thrust, but $SPX has gained nearly +10% since it triggered three weeks ago. Willie highlights another rare signal that fired yesterday: the deGraaf Breadth Thrust.
- Popularized by Jeff deGraaf, this breadth thrust triggers when the percentage of 20-day highs in the S&P 500 spikes above 55%. While the signals in 2002 and 2011 were notable failures, $SPX has been higher a year later 97% of the time across 30 signals since 1979.
The Takeaway: Breadth thrusts are piling up, with the percentage of 20-day highs recently spiking above 55%. These thrusts reinforce the bull case and suggest weβre in the early innings of a multi-month rally.
Quote of the Day
"Keep your head up in failure and
your head down in success."
- Jerry Seinfeld
Top Links
Why This Rally Is Like a Beach Ball Under Water - Carson Research
Ryan Detrick outlines several reasons why this rally could have legs.
Breadth Thrust Just Triggered β Time to Lean In?π₯ - The Daily Number
Grant Hawkridge examines the recent thrust in 20-day highs.
Opening Look, Explained - CappNotes
Frank Cappelleri highlights the short-term trends within the market.
Iβm Long Uber - Alfonso's Daily Note
Alfonso De Pablos points out that $UBER is breaking out to record highs.
Seven Secrets To Trading (and one to grow on) - Dave Landry
Dave Landry shares seven pieces of advice for traders.