Taking the analysis further
If you want to go deeper than the weekly charts — including how the levels translate into actual trade planning and risk management — you can follow the work Brian Shannon and I do at Alphatrends.
That’s where we walk through the same market structure in real time and apply the process to actual trade setups.
Markets continue to show impressive resilience as broad participation, strong trend structure, and improving equal-weight confirmation keep the weight of the evidence pointed higher. This week’s update reviews the major indices, breadth, rates, commodities, relative strength relationships, and several key sectors as we continue monitoring for early signs of any meaningful change in character.
Show Notes
Major indices continue to trend higher with rising and properly aligned moving averages
SPY, QQQ, DIA, and IWM all remain above rising 4-week averages
Equal-weight indices confirm strength with fresh breakouts
A couple weeks ago in the CMT Association’s Market Mosaic Daily newsletter, I noted this rejection near prior highs and explained why a breakout in the equal-weight indices would be another important confirmation of broad market strength.
Small caps continue improving and pushing toward new highs
30-year yields remain a key chart to monitor after another failed breakout attempt
High-yield bonds continue lagging stocks and remain mixed
Semiconductors remain leadership
Financials attempting to improve and potentially rejoin the rally
Software stabilizing despite continued AI concerns
Gold consolidating near key support and the rising 40-week moving average
Crude oil rejected once again near major supply
Bitcoin rejected at anchored VWAP resistance and testing the 10-week moving average
Relative strength relationships remain broadly risk-on
Relative strength comes in many forms — RSI, intermarket relationships, and comparative performance versus the broader market. I recently revisited that topic in more detail here:
Breadth measures remain healthy overall without major warning signals
If you’re unfamiliar with Bullish Percent Indexes and how they work, I covered the basics in this Chart School article:
The Bullish Percent Index: A Technician’s View of Participation
Multi-timeframe structure still favors higher prices until proven otherwise
References & Chart Resources
Chart School
https://www.trading-adventures.com/t/chart-school
Take the analysis further
If you want to go beyond the weekly charts — including how the levels translate into real trade planning and risk management — you can follow the work Brian Shannon and I do at Alphatrends.
That’s where we review the markets in real time and walk through how the same principles are applied to actual trade setups.
Important: This content is provided for educational purposes only. If you’re reading this online, please review the full disclosure here.
