The Rally is Still Working, But It’s Getting Selective
The S&P 500 and Nasdaq are still holding up, but fewer stocks are carrying the rally. That selectivity becomes clearer when Mary Ellen looks beneath the major indexes, where only 44% of S&P 500 stocks are above their 20-day moving average. At the same time, strong earnings are pulling software and cybersecurity stocks back into focus and helping Nasdaq participation recover, creating a market where identifying the right areas matters increasingly more than simply following the indexes higher.
This episode originally premiered on August 28, 2026. New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.
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