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Debasement Trade in Da’ Basement 📈 The Daily Chart Report

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Today’s Summary

Tuesday, November 4, 2025


Indices: Dow -0.53% | S&P 500 -1.17% | Russell 2000 -1.78% | Nasdaq -2.07%

Sectors: 4 of the 11 sectors closed higher. Financials led, gaining +0.52%. Technology lagged, dropping -2.64%.

Commodities: Crude Oil fell -0.80% to $60.56 per barrel. Gold dropped -1.33% to $3,961 per oz.
 
Currencies:  The US Dollar Index rose +0.17% to $99.88.

Crypto: Bitcoin dropped -4.77% to a five-month low of $101,466. Ethereum slid -8.79% to a three-month low of $3,286

Volatility: The Volatility Index gained +10.66% to 18.99.

Interest Rates: The US 10-year Treasury yield dropped to 4.083%.

 

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

 


Chart of the Day 


🏆 Today's Chart of the Day was shared by @TonyTheBullCMT.
 

  • Bitcoin briefly dropped to a six-month low of $98,800 today, although it's back above $100k as of writing. It peaked around $125k in the first week of October before sliding roughly -20% over the past month.
     
  • Tony notes that Bitcoin has lost a three-year trendline that has been in place since the FTX collapse in December 2022. While the primary trend remains higher, this signals a clear loss of upward momentum.
     
  • Reclaiming this trendline could spark a chase back to all-time highs by the end of the year. However, it couldn't even rally during its "best month," and it's technically damaged below $107k~$110k.
     
The Takeaway: Bitcoin briefly slipped below six figures today, but more importantly, it violated a three-year trendline that has been in place since the bull market began in late 2022. This doesn't bode well for stocks, considering Bitcoin often leads the broader market higher or lower.



Quote of the Day


"Be sensitive to subtle differences between
'intuition' and 'into wishing."
 

- Ed Seykota


Top Links
 

Every Year Has Bad News and Volatility - Carson Research
Ryan Detrick puts the current market into historical perspective.

The Cluster of Bad Breadth - CappNotes
Frank Cappelleri examines the recent price action and patterns in the S&P 500.

Fairlead’s Katie Stockton Talks Stock Gaps and What They Signal - CNBC
Katie Stockton discusses the gappy market we've had recently. 

Weak Spots in a Bull Market - Afonso's Daily Note
Alfonso De Pablos highlights the continued weakness in Home Construction stocks ($ITB).


Top Tweets 

 


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