Chart of the Day - Monday, May 12, 2025

🏆  Today's Chart of the Day was shared by Mike Zaccardi (@MikeZaccardi). 
  

• The S&P 500 gapped higher by +2.6% this morning and closed at its highs, gaining +3.3% for the day. It's less than 5% below all-time highs after bouncing +17% over the past month. 
   
• The index closed above its 200-day moving average for the first time since March. The next major hurdle for the bulls will be all-time highs. 
   
• Legendary trader Paul Tudor Jones once famously said, "Nothing good happens below the 200-DMA." While this rule will help you avoid disaster, the opposite is also true: Good things happen above the 200-DMA.
   

The Takeaway: The S&P 500 has officially reclaimed its 200-day moving average for the first time since March, increasing the odds of a full recovery.