Cleared for Launch πŸ“ˆ The Daily Chart Report

June 9, 2025
Patrick Dunuwila

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Stock Market Media

Today’s Summary

Monday, June 9, 2025
 

 

Indices: Russell 2000 +0.57% | Nasdaq +0.17% | S&P 500 +0.09% | Dow 0.00%

Sectors: 4 of the 11 sectors closed higher. Consumer Discretionary led, gaining +0.80%. Utilities lagged, falling -0.64%.

Commodities: Crude Oil gained +1.10% to $65.29 per barrel. Gold rose +0.25% to $3,355 per oz. 
 
Currencies: The US Dollar Index fell -0.20% to $99.01.

Crypto: Bitcoin is currently up +4.12% to $110,155. Ethereum is up +5.97% to $2,660.

Volatility: The Volatility Index rose +2.21% to 17.15.

Interest Rates: The US 10-year Treasury yield fell to 4.476%.

 


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 Steve Strazza (@sstrazza). 
 

  • Space stocks are gaining momentum with the Ark Space Exploration & Innovation ETF ($ARKX) blasting off to all-time highs today.
     
  • $ARKX initially cracked resistance at $21 on Friday, but the breakout was confirmed today as $ARKX pushed deeper into uncharted territory. This level has been the ceiling for $ARKX since its inception in 2021. 
     
  • If the breakout holds, $ARKX could make a new leg higher in the coming months as it explodes out of a three-year Cup & Handle pattern. The top holdings in $ARKX are: $KTOS, $RKLB, $IRDM, $ACHR, and $AVAV.
     

The Takeaway: Space stocks have set the stage for a potential leg higher, with $ARKX blasting through resistance at $21 today as it launches from a massive accumulation pattern. To read more, check out the full note here. 



Quote of the Day


β€œThere is no reason to sell a rising stock.”
 

- Nicolas Darvas


Top Links
 

A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods highlights a few charts to watch this week. 

The Shake 'n Bake in BTC - The Strazza Letter
Steve Strazza examines the near-term outlook for Bitcoin and the crypto market. 

No Hype, No Drama β€” Just Quality Winning πŸ’Ό  - The Daily Number
Grant Hawkridge points out that the S&P 500 Quality Index ($SPHQ) is breaking out to record highs. 

Tech ETFs are Leading Since April, but Another Group is Leading YTD - StockCharts
Arthur Hill looks at the recent leaders within the broader market. 

Safe to Stay Invested? Decoding 2025 Stock Charts - Steve Eisman
Legendary investor Steve Eisman, of 'The Big Short' fame, interviews Todd Sohn on the nuances of Technical Analysis. 

 


Top Tweets

 

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

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