Trading Adventures is a price-focused market analysis newsletter helping traders understand trend, structure, and key levels across the market.
Each week I break down charts across major indices, sectors, and individual names to provide clear technical context.
And for anyone who missed last week’s Market Mosaic Daily series with the CMT Association, I referenced several of those charts again in today’s update. You can read those articles by clicking this link and scrolling down to my entries from May 4 through May 8.
https://content.cmtassociation.org/market-mosaic
Show Notes:
SPY and QQQ testing — and holding — rising short-term moving averages
DeMARK 9 setups appearing after extended momentum runs
Dow and small caps lagging slightly, but still trending higher
Bitcoin and crypto testing major overhead supply zones
Bonds weakening while stocks continue to ignore rising yields
Commodities, silver, and crude oil continuing to firm up
Equal-weight participation and what it says about breadth
Early relative weakness in financials and consumer discretionary
Semiconductors and mega-cap tech still carrying leadership
Why the rising 5-day moving average remains the key roadmap from here
Final Take
Today looked more like moderation than deterioration.
After such a sharp advance, some digestion and rotation beneath the surface is normal. The important thing right now is that buyers continue defending the short-term trend structure, particularly in the large-cap indices.
If that changes, the first clue will likely come from price beginning to lose and stay below rising 5-day moving averages.
Until then, buyer’s are in control.
The Process Behind the Work
Price > opinion
Trend > prediction
Risk first
If you like how I think here, this is where that thinking is applied every day.
Important: This content is provided for educational purposes only. If you’re reading this online, please review the full disclosure here.
