Small Caps Take the Week πŸ“ˆ The Daily Chart Report

June 6, 2025
Patrick Dunuwila

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Stock Market Media

Today’s Summary

Friday, June 6, 2025
 

 

Indices: Russell 2000 +1.66% | Dow +1.05% | S&P 500 +1.03% | Nasdaq 100 +0.99%

Sectors: All 11 sectors closed higher. Energy led, gaining +1.88%. Materials lagged, but still rose +0.26%.

Commodities: Crude Oil rose +1.91% to $64.58 per barrel. Gold fell -0.84% to $3,347 per oz. 
 
Currencies: The US Dollar Index gained +0.50% to $99.20.

Crypto: Bitcoin is currently up +2.79% to $104,394. Ethereum is up +2.64% to $2,479.

Volatility: The Volatility Index dropped -9.15% to 16.78.

Interest Rates: The US 10-year Treasury yield rose to 4.508%.

 


Here are the best charts, articles, and ideas shared on the web today!
 


Chart of the Day 


πŸ†  Today's Chart of the Day was shared by Jamie Saettele (@JamieSaettele). 
 

  • Biotech just posted its best week since last summer, with the equally-weighted SPDR Biotech ETF ($XBI) gaining +6.4%.
     
  • While $XBI remains in a -50% drawdown from its 2021 peak, Jamie points out that it successfully cleared resistance at $83 today, marking the intersection of a 7-month downtrend line and the year-to-date AVWAP.
     
  • Biotech could 'make Small Caps great again,' considering it’s the second-largest industry group in the Russell 2000, accounting for more than 20% of the index.
     

The Takeaway: Biotech just had its best week since last summer, with $XBI breaking through a cluster of resistance at $83 today. Continued strength would be a bullish sign for the Russell 2000 and risk appetite in general.



Quote of the Day


"Intuition will tell the thinking mind where to look next."
 

- Jonas Salk


Top Links
 

The 50% Club Keeps Growing - Bespoke
Bespoke highlights the strongest stocks in the S&P 500 since the April 8th low.

Musk vs. Trump showdown, Silver Breakout, & Stock Setups Next Week - Trade Risk
Evan Medeiros breaks down this week's price action and some key charts to watch in the near term. 

Silver vs. Gold Never Gets Old - The Strazza Letter
Steve Strazza examines what the Silver/Gold ratio suggests for precious metals. 

Energy’s Setting Up - Alfonso's Daily Note
Alfonso De Pablos notes that Crude Oil is staging a potential rebound. 

Crypto Charts - CappNotes
Frank Cappelleri looks at what could be next for Bitcoin and the crypto market.

 


Top Tweets

 

You're all caught up now. Thanks for reading!

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