Video – Breadth Stays Oversold, Large-caps and Techs Lead, Small and Mids Lag, Lots of Pullbacks within Bigger Uptrends

The next report will be posted on Tuesday morning, January 7th.

Video Headlines

  • Long-term Breadth Remains Bullish
  • Short-term Breadth does the Oversold Double Dip
  • 10-yr Yield Holds the Key for Small-caps ($TNX, IEF)
  • Yellow Flags from Housing, Semis and Breadth
  • SPY and QQQ Test 50-day SMAs
  • MAG7, Tech and Cyber Lead (XLK, MAGS, CIBR)
  • Software, Fintech and Cloud Correct after Froth IGV, FINX, SKYY)
  • Semiconductor ETF Consolidates Near 200-day SMA (SMH)
  • Mid and Small Caps Firm Near Retracements (RSP,MDY,IJR,IWM)
  • Finance and Banks Correct within Leading Uptrends (XLF, KRE, KIE)
  • Comm Services Forms Pennant (XLC)
  • Industrials Pullback after Leading Uptrend (XLI)
  • Defense Corrects within Uptrend (ITA)
  • Utes Become Oversold within Uptrend (XLU)
  • MLP ETF Breaks Out after Pullback (AMLP)
  • Gold SPDR Forms Bullish Triangle (GLD)
  • Bitcoin Breaks Out of Pennant (IBIT)
  • China Large-Cap Falls Back After Breakout (FXI)
Thanks for tuning in and have a great day!
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