The next report will be on Thursday, July 24th.
See today’s Market Regime update for long-term breadth charts and a ZBT update.
Breadth continues to improve as the weight of the evidence turned bullish for the S&P 500. Nasdaq 100 and S&P 500 stocks continue to lead, but S&P 1500 stocks are lagging because of small and mid caps. Nevertheless, IJH and IJR have breakouts working. Tech-related ETFs are in leading uptrends and looking extended after big moves. Interest rate sensitive stocks surged the last few days as the 10yr T-Yield turned lower, and the 7-10Yr TBond ETF moved higher. Utilities, Housing and REITs surged. Elsewhere, precious and industrial metals are leading with fresh new highs and Bitcoin extended on its flag breakout.
Report/Video Headlines
- S&P 500 Evidence Turns Bullish
- SPY and QQQ Maintain Leading Uptrends
- Mid and Small Cap ETFs in Uptrends, but Lagging
- Tech Related Leaders become Seriously Extended
- XLK Extends on Breakout and Chandelier Follows
- Tech Follow Up: MAGS, AIQ, ARTY, CIBR, ARKF, SMH, IGV
- BLOK and IYZ with Cup-with-handle Breakouts
- ITA is a Runaway Leader (powering XLI)
- Communication Services SPDR Breaks Pennant Line
- Utilities SPDR Gets Pennant Breakout
- Infrastructure ETF Extends on Breakout
- Housing ETFs Form Rising Wedges
- Gold, Silver and Miners ETFs Break Out
- Platinum and Palladium Extend Higher
- Copper Powers DB Base Metals ETF Higher
- Lithium Battery Tech ETF Extends on Breakout
- Bitcoin ETF Extends on Flag Breakout
- 7-10Yr TBond ETF Keeps Breakout Alive
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