Every weekend, I review hundreds if not thousands of charts across U.S. indices, global markets, breadth, sentiment, and intermarket relationships.
And now I’m opening up my stalk list.
The names that stood out the most from my review.
This week’s theme: Spread The Love
We live in a market-cap-weighted world.
When the leaders are carrying the load, breadth can be an afterthought.
But right now, the market is spreading the love.
More charts are breaking out, more setups look clean, and that’s exactly what fuels the next phase of a sustainable bull market.
Let’s get into it.
Spread The Love (Breadth Expansion)
$SPY - Breadth Expansion
Look at history. When more than 70% of S&P 500 stocks reclaim their 200-day moving average it’s a hallmark of moving from recovery to sustained uptrends.
$SPY - Multi-Timeframe Breadth Breakouts
Not just the short-term, but longer-term breadth is expanding. When both align, you’ve got fuel for something bigger than a one-week pop.
$RSP - S&P 500 (Equal Weight)
One chart, 500 stories. The story is simple: new highs.
My Two Cents:
Take a second to think about what this means. An equal-weight index closing at all-time highs means the average stock looks great. Individual charts across the board are setting up better than ever. I could’ve added hundreds of charts this week.
$EQWL - S&P 100 (Equal Weight)
It’s only 100 stocks, but these 100 make up nearly 70% of the S&P 500’s market cap. When the generals are marching higher and the troops are following, it’s hard to lean bearish.
$EQAL - Russell 1000 (Equal Weight)
The King of equal-weight indexes. These 1,000 stocks cover over 90% of U.S. equity market cap. Now pushing YTD highs.
Do I really need to show you anything else this week?
Earnings Season - A Few Left
$NVDA - Nvidia - Reports After The Close Wednesday
This is not my type of pitch but you can't afford not to at least pay attention to the 4 TRILLION dollar poster child of the AI BOOM.
Levels to Watch:
Holding the 50 day and staying above this "min top" is key. We don’t need NVDA to outperform if breadth is expanding. But we can’t afford for it to break down.
$CRWD - CrowdStrike - Reports After The Close Wednesday
The secular leader in cybersecurity. The chart is messy, but it matters...not just for cyber, but for the entire software group.
Levels to Watch:
Holding this March Low AVWAP around $420 is big, If it can stabilize, this falling wedge could flip into a launchpad post-earnings, with $450 as the hurdle.
My Two Cents
The market is spreading the love.
Not just tech - industrials, financials, retail… you name it.
That’s the hallmark of a sustainable bull.
With so many charts lining up, you’ve got to be swinging the bat.
