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.
Notes:
The short-term deterioration we discussed last week has continued to unfold. Markets remain below declining 5-day moving averages, leadership is weakening, and defensive areas are beginning to outperform. While this pullback remains relatively modest in the context of the larger advance from the March lows, the message from price remains the same: slow down, stay selective, and respect risk until strength returns.
Note: There will be no Weekly Charts video this Saturday as we’ll be celebrating my oldest son’s wedding. We’ll pick things back up early next week.
Key Takeaways
Major indices remain below declining 5-day moving averages.
Lower lows and lower highs continue across the market roadmap.
SPY and QQQ are approaching key support near rising 50-day moving averages and anchored VWAPs from the March lows.
Recent DeMark 9 sell signals in SPY, QQQ, and SOXX have proven meaningful.
Semiconductors, software, MAG-7, and growth stocks continue to weaken.
Consumer staples, healthcare, and value stocks are showing relative strength.
Gold and silver have broken below their 200-day moving averages.
Financials remain unable to reclaim a declining 200-day moving average.
Current evidence favors caution rather than aggressive long exposure.
Focus remains on risk management until the roadmap improves.
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.
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