Christmas in July? ๐ The Daily Chart Report
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Todayโs Summary
Tuesday, June 17, 2025
Indices: Russell 2000 +0.52% | Nasdaq 0.00% | S&P 500 -0.03% | Dow -0.10%
Sectors: 5 of the 11 sectors closed higher. Utilities led, gaining +0.26%. Energy lagged, falling -0.65%.
Commodities: Crude Oil rose +0.31% to $73.50 per barrel. Gold was flat (+0.04%) at $3,408 per oz.
Currencies: The US Dollar Index was flat (+0.03%) at $98.85.
Crypto: Bitcoin is currently up +0.32% to $104,919. Ethereum is up +0.52% to $2,524.
Volatility: The Volatility Index dropped -6.76% to 20.13.
Interest Rates: The US 10-year Treasury yield was flat at 4.391%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Jeff Hirsch (@AlmanacTrader).
- Despite stalling over the past week, the NASDAQ Composite is just -3% shy of an all-time high, as it continues to recover from a -22% decline.
- Jeff notes we're approaching a historically bullish 12-day stretch for the NASDAQ, spanning the final three trading days of June and the first nine trading days of July. (June 26th - July 14th)
- Since 1985, this 12-day window has been positive in 31 of the past 40 years (78% win rate), with an average gain of +2.5% and a median gain of +2.8%.
The Takeaway: The NASDAQ Composite is approaching a historically bullish 12-day stretch from June 26th to July 14th. If history rhymes, the index could reach all-time highs in July. For more on this topic, check out the full note here.
Quote of the Day
"The market cycle will once more prove to be the human-nature cycle; its economic background will have changed, but not its basic character nor the consequences of its character."
- Benjamin Graham
Top Links
How a Sharp Oil Spike Could Impact Stocks
Rocky White examines how the S&P 500 has historically performed following a double-digit rally in Crude Oil prices.
Pay Attention to Nat Gas - Alfonso's Daily Note
Alfonso De Pablos notes that natural gas is setting the stage for a potential rally.
It Took 25 Years to Get to This Chart๐๐ - The Daily Number
Grant Hawkridge looks at Large-Caps vs. Small-Caps ($IWB/$IWM).
Manage Headline Risk & Rotate Into Bullishness: Lessons From Trading Luminaries - IBD
Ralph Acampora and Jay Woods discuss technical analysis and the current market environment.
Top Tweets