Chart of the Day - Wednesday, November 12, 2025

By Patrick Dunuwila

November 12, 2025
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πŸ† Today's Chart of the Day was shared by Aksel Kibar (@TechCharts).
 

  • The Dow Jones Industrial Average closed above 48,000 for the first time today, rising for the 4th straight session, while the Nasdaq fell for the second day in a row.
     
  • Tech has taken a well-deserved breather this week, but the Dow’s resilience reflects rotation into areas like Financials and Health Care, with Goldman Sachs ($GS) leading today’s move.
     
  • $DIA is nearing the upper bounds of a rising channel after this 4-day run, suggesting another pullback is likely before we wear our Dow 50k hats. But as Aksel reminds us, this is the definition of a healthy uptrend.

The Takeaway: The Dow notched its first close above 48,000 today on the heels of sector rotation. It’s approaching short-term resistance, but the uptrend is fully intact, and 50k is within reach in the coming weeks.
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Patrick Dunuwila

Editor, The Chart Report

Patrick Dunuwila is the Co-Founder and Editor of The Chart Report, a popular technical analysis newsletter read by thousands of investors worldwide every day. Patrick is a Chartered Market Technician (CMT) with over a decade of market experience. Prior to launching The Chart Report, he worked as a proprietary trader at Benchmarq Technologies in New York City. He's originally from Syracuse, NY, and currently resides in San Diego, CA.

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