Mag 7 Equal-Weight Index Breaks Down, Bearish Divergence
An equal weighting of the Mag 7 stocks shows a failed breakout with a bearish momentum divergence as the group falls under the 20-day moving average. Early, but worth watching as the mega cap stocks begin to struggle. $NVDA $GOOGL $AAPL $MSFT $TSLA $META $AMZN https://t.co/IsjrH9WM57
AD Lines Break S&P 500 Uptrend Since April
As more stocks decline than advance, the 5-, 21- and cumulative Advance-Decline Lines have all been diverging away from the uptrend in the S&P 500 since April 20th. https://t.co/NFeXr8zs3b
S&P Climbs 7% While Most Large Caps Lag
The S&P 500 is up almost 7% in the last three months. Just 29% of large cap stocks are up at least 5% and 43% are down more than -5% during the same period.
Nasdaq 100 Hits Rare 14% Surge Above 10‑Week Average
Nasdaq 100 is now over 14% above its 10-week moving average. This hasn't happened in quite a while, not since Nov. '22, Nov. '01, March '00, Nov. '99, Nov. '98, Jan. '92, Feb. '91 The proverbial rubber band is stretched. Only...
2026 Market Breadth Stays Calm, No Major Moves
2026 has yet to see any major Advance or Decline moves as measured by 10:1 days. All considered, markets have remained fairly calm from a broad breadth perspective. https://t.co/V1JoXj6fXz
S&P 500 Hits Highest 20‑Day MA Gap Since 2000
A chart from Sunday's Thrasher Analytics note... The S&P 500 was 6.5% above its 20-day MA, the highest it's been above the short-term average since March 2000 when filtered for periods within 1% of a 52-week high, meaning not within a...
S&P Hits Fresh High, but only 2.4% Stocks Follow
Not a lot of confirmation by individual stocks in yesterday's new high in the S&P 500. Just 2.4% of stocks made a new 12-month high as well. $SPX https://t.co/lrAHiepiR3
RSI Jumps 30‑70 in 15 Days—Rare Historic Signal
RSI has gone from under 30 to over 70 in 15 days just two prior times since 1980: Nov. '16 & Aug. '82. It's not quite there yet but it's very close. $SPX $SPY https://t.co/qhQVEqh9QX
Travel Stocks Lead Large‑Cap Gains Amid Growth Surge
83% of large cap stocks up today with mid and small cap growth leading. Seeing travel stocks (airlines, cruises, booking sites) holding several of the top performing large cap stocks on the day.
First 2026 Breadth Thrust Signals Positive, More Needed
We got the first breadth thrust of 2026 yesterday (at least the first of the many that I track). Is that a good sign? Yes. Is one enough? No. I prefer to see at least 4 over a two-week period....
One Week Below 50‑week MA Signals Seller Exhaustion
I shared in Sunday's Thrasher Analytics note that if the S&P 500 was able to spend just one week under its 50-week MA then history has shown it's been indicator sellers were exhausted and price kept climbing. Week isn't over...
Large‑Growth Stocks Pull S&P Down, Value Holds
Large growth having a heavy impact on the S&P 500 today. Index down just over -1% but only 57% of large stocks are negative right now. Large Growth down 2x, (-2.1%) the broad index while Large Value is off only...
New Data Backs 5% Canary Theory Despite Market Anomalies
More data that supports the idea behind my 5% Canary paper. Markets don’t always follow historical precedence, but still important to know.
S&P 500
Will look closer later, but this might be the first time in a while the S&P 500 gapped under its 200-day MA without having previously breached it even intraday in the prior months. Interesting.
S&P 500 Weekly Momentum Remains Low
Week isn't over, but weekly momentum for the S&P 500 is at a pretty low level..... https://t.co/4q8LlgwKjX