Ross J Brown
@RJB_Financial
Financial Market Analysis ~ Technical Analysis ~ Equity Strategy ~ Risk Management ~ Commodities ~ Macro Research ~ Not Investment Advice
For those thinking we’re replacing oil any time soon… Think again. Everything is made of oil. Plastics, chemicals, food, asphalt, electricity, lubricants, jet fuel, clothing, toiletries, medical devices, home heating and much more. It’s irreplaceable. 🛢 #energy #crudeoil #oott

Elevator manufacturer Otis Worldwide $OTIS is breaking down from this topping formation.

Today's Chart of the Day was shared by @RJB_Financial Click here to read more! thechartreport.com/cotd/07-25-2025 $DIA
Large Speculators / Hedge Funds are the most net short S&P 500 futures in over a year.
The Dow Jones Industrial Average $DIA is setting up for a big breakout. Dow 50,000 hats coming soon?

U.S. Oil Production has now declined on a year-over-year basis for the first time since 2021 🚨🚨
Successful base breakout retest has now led to new all-time highs for Software stocks $IGV.

Effective tariff rate on vehicle imports has risen to 16.9% thru May
Make that 62 trading days in a row the S&P 500 has closed above the 20-day MA. It just passed the 61 from 1998 and is now the longest since 76 in 1997. The longest ever? 101 days in early 1964.
Equal weight industrials $RSPN are on track for their highest daily close ever.

Foreigners’ purchases of U.S. equities have rebounded sharply over past year, while purchases of Treasury notes and bonds have been relatively stable
U.S. Dollar Index $DXY on track to get a Death Cross ☠️ on the weekly chart for the first time since January 2021 🚨 The last 2 weekly Death Crosses marked the bottom 📈
VanEck Steel ETF $SLX is on the verge of breaking out of a 14-year base.

All aboard The High Beta trade is the most crowded it’s ever been (100th %ile).
7-10 YR Treasury bonds $IEF look to be stuck in this 3-year accumulation pattern. Maybe rates aren’t headed as high as everyone thinks?

July @RichmondFed Manufacturing Index down to -20 vs. -2 est. & -8 prior … new orders plunged to -25 vs. -12 prior; shipments fell to -18 vs. -5 prior; employment fell to -16 vs. -6 prior
Equal weight semiconductors $XSD are breaking out of this multi-year consolidation pattern.

America’s largest steelmaker, Nucor Corporation $NUE, is working higher off a strong support level.

Asset Managers are RECORD short the U.S. Dollar, according to the COT Report