Market Leadership Is Narrowing — What’s Still Working?
Mary Ellen analyzes a market where leadership is narrowing beneath the surface, even as major indexes remain range-bound. She explains how momentum and relative strength are concentrating in specific sectors and industries, making stock selection increasingly important. Mary Ellen highlights the areas still working, including select industrials, REITs, materials, energy stocks, small caps, semiconductors, and consumer names, while pointing out continued weakness in software and parts of technology. Through charts, moving averages, RSI, MACD, and sector analysis, she walks through the signals that matter most right now and what to watch as trends continue to diverge.
This video was originally recorded on January 16, 2026. New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.
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