Healthcare Splits: MedTech Down, Biotech Outperforms Amid Rising Rates
Despite SPX back at new highs, Healthcare has proven dismal this year, & the bifurcation in this sector w/ Med Tech turning down while Biotech outperforms is not dissimilar w/ what happened in Technology early in the year. Given my expectations of rates turning back sharply higher, I'm not high on $IHI to immediately show much relative strength, and selectivity remains a must for HC Charts from @IBDinvestors @marketsurge
Software Leads, Growth Falters, Confirming Market Peak
Growth had turned down sharply vs. Value last October while Software had gotten a headstart on the recent turbulence throughout March. This breakdown in R3k breadth was one of many things that gave a pretty clear signal into late...
WTI and Dollar Set for Sharp Drop, Rebound Looms
There were quite a number of factors that suggested WTI and the US Dollar were on the verge of a big plunge which coupled with recent market breadth improvement & cyclical low possibilities in early April, pointed to a rebound...
Semiconductor Equipment Stocks Rebound After Brief SOX Dip
FormFactor $FORM joins a number of Semis & Semi-Cap Eqpt stocks which have begun to strengthen again meaningfully after $SOX recent breakdown attempt proved short-lived. @marketsurge @IBDinvestors charts found here: https://t.co/vmgJqlzgJC https://t.co/2E6uI606EH
Lumentum Soars, Remains Top Telco‑Fiber Optics Performer
After more than doubling from last Oct into Jan & then moving up more than 2x again from Jan into Feb, Lumentum Hldgs $LITE continues to trade like a real Rock star even during this recent market turmoil @IBDinvestors @marketsurge Its...
Semis Break Support, Software Slides, QQQ Near Bottom
"Semis" cracked support of its 4-mth H&S today which i spoke about a bit last week but bears repeating. While $QQQ getting closer to support, this is notable short-term headwind as Software has roundtripped from Feb while $SMH and...
NVDA Drop Threatens Tech, Watch SMH Support Level
$NVDA breakdown problematic for Tech as Equal-weighted Tech ETF $RSPT also violated support today @IBDinvestors @marketsurge New charts like below found here: https://t.co/XW54gpjWXm While this might find strong support initially near 160-3, it will be important for SMH to hold 370. ...
SPX Nears Downside Target as Crypto Hits New Lows
This isn't a new call, but i had a nice discussion w/ James Connor who hosts Bloor Street Capital earlier this week, & here's a small snippet. $SPX now getting closer to initial downside target for early...
META's Bounce Fails, Trend Break Signals Downside Risk
The rolling nature of $META recent bounce attempts from last Nov proved important & negative from a Wave perspective & many were surprised to see the volatility on the undercut of $600 YESTERDAY. @IBDinvestors @Marketsurge charts here: https://t.co/XW54gpjWXm This specifically...
Fertilizer Stocks Set for Quick Support
$CF pullback likely could find support sooner than later on minor weakness following recent breakout & ongoing strong momentum in many Fertilizer names Goldman saying Hormuz might take another 3-4 weeks could continue to help the Ags @IBDinvestors @marketsurge https://t.co/jUpRKjmJBk
SMH Nears Critical $374 Threshold Amid Tech Weakness
$SMH (VanEck Semi ETF) in focus as many parts of Tech have begun to wobble a bit while QQQ just undercut last Nov lows. @IBDinvestors @marketsurge While still in consolidation here, any weekly close under $374 would be problematic...
Copper Prices Slump as Yields Rise, FCX Near $50
Breakdown in COMEX Copper joins Gold, Silver and Platinum in weakening as real yields turn back higher and Bund yields on the verge of a major multi-year breakout @IBDinvestors Investors Business Daily @marketsurge charts of Freeport McMoran $FCX fell also to...
Equities Poised to Rebound as Oil Steadies, Yields Dip
While Equities have been able to bounce as WTI has shown a mild rollover (and this likely continues for 2-3 more days) along w/ US Dollar, Yields pulling back, the broader pattern should still allow for an eventual push back...
Optical Stocks Surge While NVDA Stalls, Watch Next Week
While many continue to sit as stocks like NVDA go through multiple months of consolidation, others like the Optical names like $CIEN continue to push sharply back to new highs along with many memory names @IBDinvestors @marketsurge This bifurcation vs....
CF Industries Leads SPX, Bet on 2026 Food Prices
CF Industries $CF was the strongest outperformer today within $SPX and it continues to be right to favor Agriculture & food prices in 2026 @IBDinvestors @marketsurge I added one of its competitors to UPTICKS for my early March addition and while...
