Consolidations in Industrials, Finance and Comm Services – Breakouts in Defense and Brokers

The weight of the evidence remains bullish for stocks as the bull market shows signs of broadening. The S&P 500 EW ETF hit a new high, while small-caps and mid-caps turned up. $IJH $IJR $RSP $XLV $IBB $XLI $ITA $SKYY

The S&P SmallCap 600 SPDR and S&P MidCap 400 ETF (IJH) are setting up with wedge/flag breakouts and short-term breadth looks poised to break out for confirmation. $IJR $IJH $SMLA50R $MIDA50R

Today’s report focuses on five ETFs. Healthcare and Natural Resources are setting up bullish. Finance failed at its 200-day. The Materials sector failed to hold its breakout as Gold Miners broke down. $XLV $XLF $XLB $GDX $IGE

Even though we are in a bull market and the cup is half full, there are clearly risks out there. Leadership is narrow and key groups are lagging. Tech and energy are leading. $RSPD $ITB $XRT $DBA $USL $UST10Y $SPY $QQQ $XLK $SOXX $IGV $MSFT $XLE $OIH $AMLP $FCG $ITA

The weight of the evidence remains bullish for stocks, but three indicators suggest that semiconductors are extremely overbought and some key groups are lagging. Symbols: $SPY $QQQ $IWM $DBA $ITB $RSPD $XRT $XLK $SMH $XLI $XLB $ITA $IGE $XLE $FCG

The evidence remains bullish for stocks, but there are still sizable pockets of weakness in some key groups. For now, the AI complex and energy are leading. Symbols: $SPY $QQQ $RSP $UST10Y $DBA $USL $XLE $FCG $AMLP $MOO $IBB $XBI $IGE

This is a follow-up report on the PPO-Aroon strategy. We are featuring two ETFs with bullish Aroon signals this past week and three with bullish setups. All five are in long-term uptrends and they recently corrected within these uptrends…

$XLU $XLP $SDY $ITA $GLD

Evidence remains bullish, but oil and interest rates weigh on parts of the market. AI complex leads, breakouts in cloud and cybersecurity. $SPY $QQQ $IWM $IJH $XLK $XLI $XLB $XLE $XLU $AIQ $ARTY $SMH $SOXX $SIXG $IYZ $IDGT $DTCR $TAN $CIBR $SKYY

Stocks went from risk-off in March to risk-on in April as QQQ and XLK surged 12% and 16%. Blame is on semiconductors and AI related ETFs. $SPY $QQQ $IWM $IJH $XLK $AIQ $ARTY $SMH $SOXX $XLK $XLE $FCG $AMLP $TAN

emis and AI names led a sharp rebound in the stock market over the last 11 trading days. QQQ and XLK went from downtrend signals to … $SPY, $QQQ, $IWM, $XLK, $AIQ, $SMH, $SOXX, $PBW, $IBB, $XBI, $GLD, $GDX, $CPER, $DBB

Stocks fell short of a Zweig Breadth Thrust with the oversold bounce as it hits a moment of truth. Will the market continue to channel March 2025? $SPY $QQQ $WTIC $XLV $XLB $XLI $XLP $SMH $SOXX $ITA $PBWE $IFRA $GRID $IBB $XBI

The stock market continues to show similarities with March 2025. SPY broke its 200-day, 50+ percent of stocks are in downtrends and yield spreads widened. Symbols covered: $SPY $QQQ $STIP, $WTIC, $XLV, $XLU, $IFRA, $SMH

Despite a flurry of headlines before the open on Monday, the macro situation remains unchanged. Interest rates are trending higher, oil is trading 40% … Symbols: $SPY, $QQQ, $IWM, $XLK, $OIH, $CIBR, $UFO, $AIQ, $ARTY, $SMH, $ITA, $PBW

Despite some macro headwinds and a war with Iran, the weight of the evidence remains bullish for stocks. Stocks fell sharply in March, however … Symbols: $WTIC, $UST10Y, $SPY, $QQQ, $XLK, $AIQ, $ARTY, $XLC, $XLB, $ITA, $ARKX

Just like March 2025, volatility is rearing its ugly head. Oil surged above its 2025 highs, bonds are not offering safe haven and small-caps were crushed. Large-cap techs, however…Symbols: $SPY, $QQQ, $XLK, $AIQ, $ARTY, $SMH, $SOXX, $XLV, $IBB, $TAN, $ICLN

The market profile was defensive before the war, and remains defensive. Healthcare, Staples, Utilities, Defense and Infrastructure are in, while Tech, Consumer Discretionary and Finance are out $SPY, $QQQ, $IEF, $WTIC, $UUP, $MAGS, $AIQ, $XLK, $KBWB, $ITB, XHB

There are extraordinary splits within the stock market, but I do not see evidence of a bear market. Software, cloud, fintech and cybersecurity were hammered over… Symbols: $SPY, $QQQ, $MAGS, $XLK, $XLV, $XLP, $XLU, $XLY, $IHI, $XHE, $IBB, $XBI, $ARKG

The stock market remains in bull mode, but there are more signs of risk aversion and the market profile favors defensive groups $SPY, $IWM, $MAGS, $XLK, $QQQ, $TLT, $IYR $XLU, $XHE, $IHI

The stock market remains in bull mode with the broadening trade working. There are setups in finance, utilities and defense, and uptrends in housing. Symbols covered: $RSP, $IWM, $ITB, $XHB, $IDGT, $XLF, $XLY, $XLU, $ITA, $ARKG, $IHI, $ARKX

There is no change to our weight of the evidence chart. SPY hit a new high last week and is trading near this high. Names hitting new highs are on strong uptrends. Some 65% of S&P 500 stocks