$NVDA Saves the Day, but Homies Hurt 📈 The Daily Chart Report
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Today’s Summary
Wednesday, May 28, 2025
Indices: Nasdaq 100 -0.45% | S&P 500 -0.56% | Dow -0.58% | Russell 2000 -1.08%
Sectors: 10 of the 11 sectors closed lower. Real Estate led, closing flat +0.00%. Utilities lagged, dropping -1.40%.
Commodities: Crude Oil rose +1.56% to $61.84 per barrel. Gold fell -0.17% to $3,322 per oz.
Currencies: The US Dollar Index rose +0.32% to $99.88.
Crypto: Bitcoin is currently down -1.39% to $107,470. Ethereum is down -0.45% to $2,650.
Volatility: The Volatility Index rose +1.85% to 19.30.
Interest Rates: The US 10-year Treasury yield rose to 4.475%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by David Keller (@DKellerCMT).
- With two trading days left this week, Homebuilders ($ITB) are on pace for their lowest weekly close since November 2023, as the group refuses to participate in the broader market's recovery.
- While the Magnificent 7 broke out from a Bull Flag yesterday, David notes that Homebuilders are breaking down from a Bear Flag, signaling continued pressure for Homebuilders and potentially the broader market.
- Homebuilders traditionally lead both the stock market and the economy. While other leadership groups, like Semiconductors, are breaking out, Homebuilders are screaming risk-off.
The Takeaway: Homebuilders ($ITB) continue to cast doubt on the broader market’s recovery, breaking down from a Bear Flag toward multi-year lows.
Quote of the Day
"The sea is dangerous and its storms terrible, but these obstacles have never been sufficient reason to remain ashore."
- Ferdinand Magellan
Top Links
Why Mom and Pop Might Now Be the Smart Money - Carson Research
Ryan Detrick looks at recent positioning between the so-called ‘smart money’ and ‘dumb money'.
Buying the Stock Market Dip - Capp Thesis
Frank Cappelleri breaks down the recent price action and patterns in the S&P 500.
How I’m Buying the Bull in Platinum - The Strazza Letter
Steve Strazza points out that Platinum is setting up for further upside.
Skeptical Equity ETF Flows - Strategas Asset Management
Todd Sohns examines recent fund flows and what they suggest for the broader market.
Long-term Indicators Suggest We Could Go Back to New Lows - CNBC
Katie Stockton shares her technical outlook on the S&P 500.