Callum Thomas

Callum Thomas

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Founder, Topdown Charts; global macro charts with U.S. equities leadership context.

Market Near Blow‑Off Top as Investors Go All‑In
SocialMay 10, 2026

Market Near Blow‑Off Top as Investors Go All‑In

Learnings and conclusions from this week’s charts: 1. The equal-weighted S&P500 has stalled at resistance. 2. (and the cap-weighted is back to outperforming equal-weighted) 3. We are potentially in the blow-off top phase of the market cycle. 4. Investors are all-in on stocks (and...

By Callum Thomas
April S&P Surge Signals Ongoing Upward Momentum
SocialMay 3, 2026

April S&P Surge Signals Ongoing Upward Momentum

Learnings and conclusions from this week’s charts: 1. The S&P500 gained +10.4% in April (+5.3% YTD). 2. A good (>5%) April bodes well for the rest of the year. 3. Micro Cap stocks are making a big move (good sign for all stocks). 4....

By Callum Thomas
Weekly S&P 500 Overview: Tech, Cyclicals, Global Growth
SocialApr 26, 2026

Weekly S&P 500 Overview: Tech, Cyclicals, Global Growth

Weekly S&P500 ChartStorm https://t.co/E8W2wyPwfe This week: technical check, seasonality snippets, fund flows, semiconductors, market froth at the top, cyclicals, global growth, emerging market equities... https://t.co/VkeqMQTomr

By Callum Thomas
Avoid Vote Links in DMs—They're Likely Scams
SocialApr 19, 2026

Avoid Vote Links in DMs—They're Likely Scams

PSA: don't click those vote links in the direct messages (looks like a bunch of compromised accounts are DM-ing people asking them to vote for podcasts)

By Callum Thomas
Q1 Market Clean‑Out Triggers Cash Shift, Bitcoin Surge
SocialApr 19, 2026

Q1 Market Clean‑Out Triggers Cash Shift, Bitcoin Surge

Weekly S&P500 ChartStorm https://t.co/cB4vU03Hi5 This week: technical check, the Q1 clean-out (hedge funds, retail, tech investors, speculators, global equity technicals), cash allocations, Bitcoin & Software... https://t.co/5jJyJuqB0M

By Callum Thomas
Investors Weigh Crypto Allocation: Institutional vs Individual
SocialApr 16, 2026

Investors Weigh Crypto Allocation: Institutional vs Individual

ASSET ALLOCATION Q: #Bitcoin (and/or other crypto currencies) - do you allocate to it? (also, are you institutional or individual investor)

By Callum Thomas
Bullish Short-Term Outlook Amid Record Valuations
SocialApr 8, 2026

Bullish Short-Term Outlook Amid Record Valuations

The short-term market outlook is quite bullish following the reset in short-term sentiment/technicals. But we still have unfinished business... Allocations & Valuations are at generational/cycle highs ---will this ever matter? 🤔 https://t.co/jTnzbMJt6Z

By Callum Thomas
Understanding Market Cycles, Research, and Valuation Signals
SocialApr 7, 2026

Understanding Market Cycles, Research, and Valuation Signals

Weekly ChartStorm educational special: https://t.co/ICe21lzGEM A look at market cycles, the research process, and valuation signals... https://t.co/yHYEEwE6WB

By Callum Thomas
Global Equities Bullish as Breadth Indicator Hits Overbought
SocialApr 7, 2026

Global Equities Bullish as Breadth Indicator Hits Overbought

Chart of the Week - Global Equity Technicals This week’s chart is one for the bulls. It shows the MSCI ACWI (All Countries World Index) aka Global Equities in the black line, and 50-day moving average breadth in the red (i.e. what...

By Callum Thomas
Mixed Sentiments Signal Emerging Market Rebound
SocialApr 6, 2026

Mixed Sentiments Signal Emerging Market Rebound

Learnings and conclusions from this week’s charts: 1. Investor Sentiment is down, Economic Sentiment is up. 2. Markets appear to be following the Trump Weave. 3. Oil Shock Analogs highlight the worst case. 4. Tech sentiment is deeply oversold. 5. Global equities are up from...

By Callum Thomas
Weekly S&P500 Chart
SocialApr 5, 2026

Weekly S&P500 Chart

Weekly S&P500 ChartStorm https://t.co/JX6lIxWqjy This week: investor sentiment, economic sentiment, seasonality and studies, longs vs shorts, tech sentiment, big tech value, AI output, deadlines, global equity technicals... https://t.co/lTyVXrCwOe

By Callum Thomas
Gold and Stocks Correcting From Overvalued Peaks
SocialApr 3, 2026

Gold and Stocks Correcting From Overvalued Peaks

Gold & Stocks are in correction mode from Expensive valuations What could go wrong? https://t.co/BpD29sNDFY

By Callum Thomas
Essential 2026 Charts to Track This Quarter
SocialApr 2, 2026

Essential 2026 Charts to Track This Quarter

10 Charts to Watch in 2026 [Q2 Update] https://t.co/7SifuiD3Zx Key charts and issues to keep track of in the year ahead and beyond... https://t.co/Smunb8N2A2

By Callum Thomas
Sentiment Indicator Signals Approaching Market Bottom, Stay Cautious
SocialApr 1, 2026

Sentiment Indicator Signals Approaching Market Bottom, Stay Cautious

Chart of the Week - Sentiment Shifts This week’s chart presents an unusual sentiment indicator which serves a specific purpose to a specific type of market participant. This composite indicator takes into account sentiment readings from surveys + market metrics: the VIX...

By Callum Thomas
Callum Thomas | Pulse