The Buck Stops Here ๐ The Daily Chart Report
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Todayโs Summary
Monday, July 21, 2025
Indices: Nasdaq 100 +0.50% | S&P 500 +0.14% | Dow -0.04% | Russell 2000 -0.40%
Sectors: 6 of the 11 sectors closed higher. Communications led, gaining +1.34%. Energy lagged, falling -1.04%.
Commodities: Crude Oil inched lower by -0.15% to $65.95 per barrel. Gold rose +1.43% to $3,406 per oz.
Currencies: The US Dollar Index fell -0.63% to $97.85.
Crypto: Bitcoin is currently unchanged at $117,421. Ethereum is also trading flat, hovering at a seven-month high of $3,761.
Volatility: The Volatility Index rose +1.46% to 16.64.
Interest Rates: The US 10-year Treasury dropped to 4.380%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by David Rath (@DJwrath).
- The US Dollar index ($DXY) saw a steady rebound in the first two weeks of July after closing at a three-year low last month. However, the bounce has started to fizzle as the broader downtrend resumes.
- David points out that the buck faded at its 50-day moving average yet again. $DXY has been rejected here several times since breaking lower from a multi-year range two months ago.
- It couldn't even retest former support at $100 during the recent bounce. A weaker dollar has become the consensus trade, but with the downtrend resuming, $DXY is eyeing fresh multi-year lows in the near term.
The Takeaway: Despite an orderly rally in the first two weeks of July, the US Dollar Index ($DXY) is poised for fresh multi-year lows following another rejection at its 50-day moving average.
Quote of the Day
"Most investors look for bargains instead of looking for leaders, and more often than not, they get what they pay for."
- Mark Minervini
Top Links
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods highlights a few things to watch this week.
Strength in Numbers ๐ช - The Daily Number
Grant Hawkridge examines the ongoing streak in net new highs.
Don't Sleep on China - Alfonso's Daily Note
Alfonso points out that China is shaping up for another potential rally.
The Market to Year-End is Likely to be Positive - CNBC
Jeff deGraaf shares his thoughts on the current market environment.
Can't Complain - The Weekly Trend Podcast
Ian McMillan and Kevin Firari discuss the resurgence in risk appetite and the key themes in the market.