Bitcoin Flops as Silver Pops ๐ The Daily Chart Report
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Todayโs Summary
Thursday, June 5, 2025
Indices: Russell 2000 -0.05% | Dow -0.25% | S&P 500 -0.53% | Nasdaq 100 -0.80%
Sectors: The only sector that closed higher was Communications, inching up +0.14%. Consumer Discretionary lagged by a wide margin, dropping -2.52%.
Commodities: Crude Oil rose +0.83% to $63.37 per barrel. Gold fell -0.71% to $3,375 per oz.
Currencies: The US Dollar Index fell -0.11% to $98.71.
Crypto: Bitcoin is currently down -3.09% to $101,520. Ethereum is down -7.15% to $2,422.
Volatility: The Volatility Index rose +4.94% to 18.47.
Interest Rates: The US 10-year Treasury yield rose to 4.391%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by @WallStWingman.
- The Uranium ETF ($URA) closed at a seven-month high today, surging more than +63% since the April 8th low, compared to nearly +20% for the S&P 500.
- Wingman notes that $URA is testing resistance at $33 for the fourth time since last May. A breakout here would clear the way for levels not seen since 2014.
- Cameco Corp. ($CCJ) is the largest holding in $URA, accounting for 23% of the ETF. Other notable components include Oklo ($OKLO), NexGen Energy ($NXE), NuScale Power ($SMR), and Uranium Energy Corp. ($UEC).
The Takeaway: The Uranium ETF ($URA) is testing a familiar level at $33 for the fourth time since last May. A successful breakout would open the door to levels not seen in a decade.
Quote of the Day
"If it's in the papers, it's in the price."
- Bill Miller
Top Links
Teslaโs 15% Decline Drags XLY & ARKK -2.5% - Trading Trends
John Salama dives into today's price action and some notable stocks to watch in the near term.
The Nerds Are Winning (Again) ๐ค - The Daily Number
Grant Hawkridge looks at the recent breakout in the NYSE FANG+ index.
Europeโs Defense Stocks Are on a Tear - Alfonso's Daily Note
Alfonso De Pablos highlights the strength in European Defense stocks.
12 Amazing Facts About the Dow Jones Industrial Average on Its Birthday - Carson Research
Ryan Detrick shares 12 facts about the Dow on its 129th birthday.
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