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.