Jun 21, 2024
We publish a lot of market-related content each week, and we want to make sure you don’t miss the most important topics. Below are some charts and tables we view as “can’t miss” from the last week.
Breadth continued to be a major topic of discussion this week. In Tuesday’s Morning Lineup, we highlighted that seven of the last twenty trading days saw the S&P 500 close higher on the day even though there were more stocks in the index down on those days than up. A stretch like this hasn’t occurred since August 2020, when the mega-caps were rallying because of a theory that they would be the main beneficiaries of COVID lockdowns.
While the S&P 500 keeps making new highs, in Thursday’s Morning Lineup, we noted that Technology is the only major sector making new highs along with the index. Most sectors haven’t made new 52-week highs in a month or longer, highlighting the thinness of the recent rally.
To continue reading the rest of this week’s “Can’t-Miss” analysis, which includes another dozen or so important market-related topics, start a two-week trial to Bespoke Premium today! With a two-week trial, you’ll also receive our daily research in your inbox as it gets posted. Go ahead and give it a try by signing up at this link.
Before you go…
Check out Bespoke co-founder Paul Hickey’s appearance on CNBC if you missed it earlier this week. Click here or on the image below to view. Also, don’t miss our latest Conference Call Recaps and Triple Plays Report available with a trial!
Have a great weekend!
Jun 14, 2024
We publish a lot of market-related content each week, and we want to make sure you don’t miss the most important topics. Below are some charts and tables we view as “can’t miss” from the last week.
Our first charts show the one-year trading ranges for the S&P 500 and the Technology sector, which has led the broader market. Both have maintained a strong upward trajectory, but they’re now trading at extreme overbought levels to a point where we’d expect to see some downside mean reversion soon.
The tech-heavy Nasdaq 100 ETF (QQQ) is up 16.5% YTD driven by a handful of mega-caps. However, the Nasdaq 100 Equal Weighted ETF (QQQE) is up just 4.1% YTD in comparison. The high-flying QQQ traded to new all-time highs and way more above its 50-DMA than QQQE which hasn’t made a higher high since late March.
To continue reading the rest of this week’s “Can’t-Miss” analysis, which includes another dozen or so important market-related topics, start a two-week trial to Bespoke Premium today! With a two-week trial, you’ll also receive our daily research in your inbox as it gets posted. Go ahead and give it a try by signing up at this link.
Have a great weekend!
Jun 7, 2024
We publish a lot of market-related content each week, and we want to make sure you don’t miss the most important topics. Below are some of the charts and tables we view as “can’t miss” from the last week.
Our first chart from Thursday’s Closer touches on a theme we’ve focused a lot on in recent weeks: weak breadth. As shown below, while the S&P 500’s price has been making new all-time highs this week, its cumulative advance/decline line has yet to get there and is trending slightly lower. Shorter-term, it’s pretty incredible to see the S&P’s 10-day advance/decline line near oversold territory even though price has rallied.
To continue reading the rest of this week’s “Can’t-Miss” analysis, which includes another dozen or so important market-related topics, start a two-week trial to Bespoke Premium today! With a two-week trial, you’ll also receive our daily research in your inbox as it gets posted. Go ahead and give it a try by signing up at this link.
Before you go…
Make sure to check out Bespoke co-founder Paul Hickey’s appearance on CNBC if you missed it earlier this week. Click here or on the image below to view.
Have a great weekend!
