STOCK REBOUND CONTINUES -- CYCLICAL SECTORS ARE LEADING -- 10-YEAR TREASURY YIELD REGAINS 200-DAY AVERAGE

John Murphy
by John Murphy,
Pioneer Technical Analyst

MARKET REBOUND CONTINUES... Stocks had another strong day today and have more than made back their sharp losses from Monday.   Chart 1 shows the Dow Industrials closing above their 50-day average for the second day in row.   Chart 2 shows the S&P 500 gaining more ground following Monday's successful test of its 50-day line.   Chart 3 shows the Nasdaq Composite closing back above its 20-day average.    Eight of eleven market sectors ended in the black today with the biggest gains coming from more cyclical sectors like energy, financials, materials, and industrials.  More defensive sectors like utilities, real estate, and staples lost some ground.   That's usually a sign that investors are in a more optimistic mood.  Treasury yields also jumped today as some money rotated out of the safety of bonds.  The 10-Year Treasury yield ended the day back over its 200-day average that was broken on Monday.

Chart 1
Chart 2
Chart 3
Members Only
John Murphy
About The Author:

A trailblazer in intermarket analysis, John authored key texts that shaped technical trading and helped generations of investors decode market trends using charts and correlations. Learn More 

 Previous Article Next Article 

Read More

MEMBERS ONLY

The Best Five Sectors, #28

The Best Five Sectors, #28

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

KEY TAKEAWAYS * No changes in sector ranking composition this week, a rare occurrence * Technology sector continues to dominate, showing sustained strength * Industrials rotating out of leading quadrant but maintaining second-highest RS ratio * Financials and materials showing negative trends, potentially exiting top 5 Sector Rotation Stalls, Tech Remains King Despite a...   READ MORE 

MEMBERS ONLY

Week Ahead: NIFTY Violates Short-Term Supports; Still Tentatively Devoid of Any Major Triggers

Week Ahead: NIFTY Violates Short-Term Supports; Still Tentatively Devoid of Any Major Triggers

Milan Vaishnav
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae

The Nifty traded in a broadly sideways and range-bound manner throughout the week, ending it with a modest decline. The Index oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. The India VIX declined by...   READ MORE 

MEMBERS ONLY

The Real Drivers of This Market: AI, Semis & Robotics

The Real Drivers of This Market: AI, Semis & Robotics

Mary Ellen McGonagle
by Mary Ellen McGonagle,
President, MEM Investment Research

In this video, Mary Ellen spotlights the areas driving market momentum following Taiwan Semiconductor's record-breaking earnings report. She analyzes continued strength in semiconductors, utilities, industrials, and AI-driven sectors, plus highlights new leadership in robotics and innovation-focused ETFs like ARK. From there, Mary Ellen breaks down weakness in health...   READ MORE 

Featured Articles

MEMBERS ONLY

Three Bearish Candle Patterns Every Investor Should Know

Three Bearish Candle Patterns Every Investor Should Know

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

KEY TAKEAWAYS * The shooting star pattern indicates a short-term rotation from accumulation to distribution. * The bearish engulfing pattern suggests sellers have taken control, suggesting further weakness. * The evening star pattern is a three-candle formation that illustrates an exhaustion of buying power. There is no denying that the broad markets remain...   READ MORE 

MEMBERS ONLY

RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

KEY TAKEAWAYS * RGTI stock jumped 30% breaking out of a months-long sideways trading range. * RGTI bounced off its 50-day simple moving average and broke a downward-sloping trendline. * Alongside RGTI, other quantum computing stocks such as IONQ and QBTS also rallied fueled by optimism around the sector's progress. One...   READ MORE 

MEMBERS ONLY

Simpler Charts, Better Results? Use This Trick to Trade Smarter With Less

Simpler Charts, Better Results? Use This Trick to Trade Smarter With Less

Grayson Roze
by Grayson Roze,
Chief Strategist, StockCharts.com

Join Grayson as he shares how to streamline your analysis using custom ChartStyles. He demonstrates how to create one-click ChartStyles tailored to your favorite indicators, use style buttons to quickly switch between clean, focused views, and build a chart-leveling system that reduces noise and helps you stay locked in on...   READ MORE