Six Up, Four Down π The Daily Chart Report
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Todayβs Summary
Friday, May 23, 2025
Indices: Russell 2000 -0.28% | Dow -0.61% | S&P 500 -0.67% | Nasdaq 100 -0.93%
Sectors: 4 of the 11 sectors closed higher. Utilities led, rising +1.20%. Technology lagged, falling -1.10%.
Commodities: Crude Oil rose +0.54% to $61.53 per barrel. Gold gained +2.15% to $3,366 per oz.
Currencies: The US Dollar Index dropped -0.79% to $99.10.
Crypto: Bitcoin is currently down -3.95% to $107,329. Ethereum is down -5.19% to $2,527.
Volatility: The Volatility Index gained +9.92% to 22.28.
Interest Rates: The US 10-year Treasury yield dropped to 4.509%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Sam Gatlin (@sam_gatlin).
- After rising for four straight weeks, the U.S. Dollar Index ($DXY) dropped -1.9% this week, closing at its lowest levels since March 2022.
- $DXY is on track for a four-month losing streak. It was up more than +2% at one point this month. However, it's currently down -0.5% with five trading days remaining in May.
- Sam notes that the Dollar's recent bounce was nothing more than a Bear Flag within an ongoing downtrend that began earlier this year. If $DXY continues to trade below support at $100, the path of least resistance is lower.
The Takeaway: The U.S. Dollar ($DXY) closed at a three-year low this week, as it resolves lower from a potential Bear Flag. If $DXY continues to trade below $100, the path of least resistance is lower.
Quote of the Day
"Opportunities are like sunrises.
If you wait too long, you miss them."
- William Arthur Ward
Top Links
ACWX Breaks Out After Nearly Four Yearsπ - The Daily Number
Grant Hawkridge points out that the All-Country World Index Ex-US ($ACWX) just broke out to fresh all-time highs.
Stock Market & Crypto Analysis 5/23/25 - Brian Shannon
Brian Shannon breaks down this week's price action and some key levels to watch next week.
Gold (GLD) and S&P 500 (SPY) Both Volatile - Bespoke
Bespoke examines the elevated volatility in Gold and Stocks.
Off the Charts: What's next for Bitcoin - CNBC
Katie Stockton shares her outlook on Bitcoin after this week's breakout.