MidCap and SmallCap ETFs Get Short-term Breakouts as Breadth Sets Up Bullish

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

The weight of the evidence remains bullish for stocks. Dozens of ETFs hit new highs in January as the bull market broadened even further in January. Even though XLK and QQQ are lagging, they are still in uptrends and their cups are half full as earnings season gets in full swing.

As hard as it is, this is the time to focus on the charts and ignore the news. It is not only difficult to interpret today’s news, but it is also impossible to predict tomorrow’s news. Sure, we can game out different scenarios and weigh the odds, but this is a tall order in the current environment.