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Patrick Dunuwila

Discretionary Steps Up ๐Ÿ“ˆ The Daily Chart Report

September 4, 2025

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Todayโ€™s Summary

Thursday, September 4, 2025

 

Indices: Russell 2000 +1.26% | Nasdaq +0.93% | S&P 500 +0.83% | Dow +0.77%

Sectors: 10 of the 11 sectors closed higher. Consumer Discretionary led, gaining +1.83%. Utilities lagged, falling -0.12%.

Commodities: Crude Oil fell -0.77% to $63.48 per barrel. Gold snapped a six-day winning streak, falling -0.79% to a record high of $3,607 per oz.

Currencies: The US Dollar Index rose +0.14% to $98.29.

Crypto: Bitcoin is currently down -1.09% to $110,546. Ethereum is down -2.96% to $4,320.

Volatility: The Volatility Index fell -6.43% to 15.29.

Interest Rates: The US 10-year Treasury dropped to a four-month low of 4.161%.
 


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


Chart of the Day 


๐Ÿ† Today's Chart of the Day was shared by Sam Gatlin (@sam_gatlin).
 

  • Consumer Discretionary ($XLY) was the clear leader today, notching a fresh year-to-date high. It's sitting less than -2% below all-time highs after enduring a -39% drawdown earlier this year.
     
  • As Sam points out, the Equal Weight Consumer Ratio ($RSPD/$RSPS) is printing fresh all-time highs, sending a risk-on message to the broader market.
     
  • The cap-weighted version ($XLY/$XLP) hasnโ€™t broken out yet, but itโ€™s knocking on the door and completing a multi-year Cup & Handle pattern. It's even more validating to see the equal-weight ratio lead the way, as the cap-weighted version is often distorted by mega-caps like $AMZN and $TSLA.
     
The Takeaway: The Consumer Ratio ($RSPD/$RSPS) is breaking out to fresh record highs, sending a risk-on message to the market. Even better, the equal-weight version is leading the way, confirming broad participation and genuine risk appetite beyond the mega-cap leaders.



Quote of the Day


"If youโ€™re thinking without writing,
you only think youโ€™re thinking."
 

- Leslie Lamport


Top Links
 

The Market's Tug-of-War: How to Read the S&P 500's Hammer Signals - StockCharts
Frank Cappelleri examines recent price action in the S&P 500. 

I'm Bullish On This Chart - Chart Kid Matt
Matt Cerminaro looks at recent sector leadership.

Chart Of The Day: The Bellwethers - The Rotation Report 
Aaron Jackson highlights the potential tops in Nvidia ($NVDA) and Robinhood ($HOOD). 

Crowds Find Truth. Analysts Find Excuses. - TrendLabs
JC Parets discusses the wisdom of crowds and the value of following price trends.


Top Tweets 

 


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

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