5 best Daily Charts and Insights: Every SPX Trader Should Watch Right Now

DavidMarlin
16:31

1. Tail risk protection

Demand for tail risk protection, as measured by $S&P 500(.SPX)$ downside convexity (10D vs. 25D ratio), remained in the 99th percentile high, though off the extremes from a week ago.

2. Buyback blackout exit

We estimate ~27% of the index is currently in open window, with that number almost doubling to ~50% by the end of the week.

3. SPX vs. 200DMA

So far, the small-caps, mid-caps, transports, semiconductors, as well as many sectors have tested their 200 DMAs. We suspect SPX is next which would bring it towards 7300 at a minimum.

4. Earnings rollover

The earnings rollover everyone keeps projecting may once again get pushed further out.

5. Compute efficiency

$Anthropic(ANT)$ now generates $2.08 for every $1 spent on compute, a 5.2x increase since Q1'25.

Anthropic (S-1)

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