Utes, Infrastructure and Telecom Lead – Gold is Stuck – Bitcoin Returns to Breakout

The post highlights four stocks that are in long-term uptrends and breaking out after pullbacks. First, we focus on a short-term breakout within a bigger bullish pattern. Second, we look at a flag breakout in an auto stock. Third, we feature a telecom with a wedge breakout and challenge to the rising 200-day SMA. And finally, we analyze a leading cloud stock with a bullish wedge above the rising 200-day SMA.

Gold, silver and their respective miners remain in leading uptrends. The Gold and Silver Miners ETFs are leading with new highs after big moves the last three days. Even though gold is lagging, a classic bullish continuation pattern is taking shape. Silver is a little more erratic, but

This report looks at several indicators that point to a correction. Leadership in 2025 was narrow because new highs did not expand to previous levels. We saw the percentage of stocks above their 200-day SMA increase the last few months, but these indicators were hit hard in early August. A large percentage of stocks are below their 200-day SMAs, and in long-term

The risk profile changed in the market over the last two weeks. Tech ETFs led the market into the July highs, but we are seeing leadership emerge in some defensive areas the last two weeks. Namely, the MLP, Utilities and Bond ETFs are breaking out. XLU is leading the pack with a surge to new highs. Lower Treasury yields are proving a lift for the

As noted in reports last week, conditions are ripe for a correction in the stock market and tech-related ETFs are seriously extended. We cannot predict the length, duration or path for a correction, but we can identify periods when the odds favor a correction and trade accordingly. This means taking some money off the table and/or waiting patiently for a robust setup.

Volatility is on the rise the last three months with huge moves in AI related stocks, metals and crypto. Volatility is great when you are on the right side, but keep in mind that volatility goes both ways. Steep rises often give way to volatile consolidations or corrections. Volatility also skews the charts and makes

Concerns are brewing as the VIX compresses, seasonal patterns turn and a sentiment indicator gets close to triggering bearish. At the very least, these indicators argue for extra vigilance because conditions are ripe for a correction or pullback. First, the VIX

In addition to the tech ETFs, I am seeing leadership in a handful of non-tech ETFs. These include Blockchain, Telecom, Banking, Defense and Infrastructure. The MLP ETF is not a leader because the price-relative is declining, but it sports a breakout on the price chart and recaptured the 200-day SMA. Elsewhere, the Gold SPDR and Bitcoin ETF remain in leading uptrends.

Tech-related ETFs are leading the market with massive moves the last three months. They are in strong uptrends, but getting overextended and ripe for a corrective period. For example, the ARK Fintech Innovation ETF (ARKF) and ARK Innovation ETF (ARKK) are up around 50% since May. Straight up. Today’s video will highlight the overbought conditions and show the support zones to watch going forward.

SPY and QQQ are in leading uptrends with fresh new highs in late July. The first chart shows SPY with the big trend-reversing breakout on May 12th. This is when it broke the late March high, negated the Double Top and gapped above the 200-day SMA. SPY extended to new

Stocks started their bull run with a Zweig Breadth Thrust on April 24th and SPY triggered a 5/200 one percent cross on May 15th. Long-term breadth indicators were lagging in May, but started catching up in June with the Nasdaq 100 turning net bullish on June 10th. QQQ and Nasdaq 100 stocks led the surge off the April lows and continue to lead. The