Frank Cappelleri

Frank Cappelleri


Frank is the founder and president of CappThesis, an independent research firm that helps active investors through time-tested chart and statistical analysis. He has spent decades on Wall Street and holds both CMT and CFA professional designations. Learn More 

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Reading Between the Lines: What RSI and Breadth Are Saying About Stocks

RSI readings, market breadth, and price patterns can provide directional signals for the stock market. Here's what you should monitor as the market goes through a relatively volatile period....   READ MORE 

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Calm Before the Storm? S&P 500, Bitcoin & Gold in Focus

Calm Before the Storm? S&P 500, Bitcoin & Gold in Focus

Frank reviews the S&P 500, key ETFs, and major asset classes as September 2025 ends and the fourth quarter begins. He highlights surprising market calm, talks seasonality patterns, and makes comparisons to 2017 and 2018. His analysis covers MSOS cannabis, biotech ETFs, Bitcoin’s October seasonality, and gold’...   READ MORE 

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Pre-FOMC Setup: S&P 500 Calm Before the Fed

Pre-FOMC Setup: S&P 500 Calm Before the Fed

Frank Cappelleri analyzes the S&P 500’s unusual calm ahead of the Fed, highlighting trend signals, failed bearish patterns, and key GoNoGo charts....   READ MORE 

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6,555 Target Hit!

6,555 Target Hit!

Despite skepticism, the S&P reached Frank's upside target of 6,555. Frank breaks down how we got here and what it means for ongoing market patterns....   READ MORE 

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The Market's Tug-of-War: How to Read the S&P 500's Hammer Signals

Back-to-back hammer candlesticks in the S&P 500 are sending a message. Here's what these signals mean, why the market feels stuck, and what investors should watch for next....   READ MORE 

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S&P 500 Breakouts, Bitcoin Risks & Uber’s Next Move

S&P 500 Breakouts, Bitcoin Risks & Uber’s Next Move

In this market update, Frank takes a close look at the S&P 500, key indices, ETFs, crypto, and a recent trade idea. Frank compares the 2025 market to 2020 patterns, reviewing corrections and highlighting bullish and bearish setups. He focuses on weekly Bollinger Bands, GoNoGo charts, sector performance...   READ MORE 

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Stock market swings

Short-Term Market Swings: A Gentle Rhythm of Short-Term Bounces

Get the latest S&P 500 analysis with a focus on RSI negative divergence, short-term swing setups, and market breadth trends. Learn what current patterns mean and how to spot the next move....   READ MORE 

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Smart Investors are Watching These Chart Signals: Here's Why

Smart Investors are Watching These Chart Signals: Here's Why

Discover what Bollinger Bands and RSI are signaling for the S&P 500. Learn how low volatility and key momentum indicators could point to the next market breakout....   READ MORE 

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S&P 500 Breaking Out Again: What This Means for Your Portfolio

S&P 500 Breaking Out Again: What This Means for Your Portfolio

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside. How much longer can this last? That's been the biggest question...   READ MORE 

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Four Symbols, One Big Message: What the Charts are Telling Us

Four Symbols, One Big Message: What the Charts are Telling Us

From the S&P 500's pause within a bullish trend, to critical support levels in semiconductors, plus bullish breakouts in Ethereum and Bitcoin, Frank highlights how the market's recent consolidation may lead to major upside. In this video, Frank explores how to use StockCharts to...   READ MORE 

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The CappThesis Market Strength Indicator: What It's Telling Us Now

The CappThesis Market Strength Indicator: What It's Telling Us Now

KEY TAKEAWAYS * The S&P 500 has been holdign above 6.200 for a week and hte Market Strength Indicator (MSI) is showing strong bullish momentum. * While the MSI is highly bullish, history tells us that extreme readings often precede a pause or short-term pullback. * Even with the potential...   READ MORE 

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Market Signals Align - Is a Bigger Move Ahead?

Market Signals Align - Is a Bigger Move Ahead?

This week, Frank analyzes recent technical signals from the S&P 500, including overbought RSI levels, key price target completions, and the breakout potential of long-term bullish patterns. He examines past market breakouts and trend shifts, showing how overbought conditions historically play out. Frank also walks through a compelling...   READ MORE 

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Breakdown of NVDA's Stock Price and S&P 500: Actionable Technical Insights

Breakdown of NVDA's Stock Price and S&P 500: Actionable Technical Insights

The S&P 500 ($SPX) just logged its second consecutive 1% gain on Tuesday. That's three solid 1% advances so far in June. And with a few trading days remaining in the month, the index has recorded only one 1% decline so far. A lot can still...   READ MORE 

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3 S&P 500 Charts That Point to the Next Big Move

3 S&P 500 Charts That Point to the Next Big Move

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he&...   READ MORE 

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What the S&P 500, VIX, and ARKK are Telling Us Now

What the S&P 500, VIX, and ARKK are Telling Us Now

While the S&P 500 ($SPX) logged a negative reversal on Wednesday, the Cboe Volatility Index ($VIX), Wall Street's fear gauge, logged a positive reversal. This is pretty typical: when the S&P 500 falls, the VIX rises. Here's what makes it interesting: the...   READ MORE 

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Clusters of Long Winning Streaks: What They're Telling Us

Clusters of Long Winning Streaks: What They're Telling Us

Recently, the S&P 500 ($SPX) has been racking up a good number of wins. Since late April, the index has logged its third winning streak of at least five: a nine-day streak from April 22–May 2 and a six-day streak from May 12–May 19. That makes...   READ MORE 

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S&P 500 Bullish Patterns: Are Higher Highs Ahead?

S&P 500 Bullish Patterns: Are Higher Highs Ahead?

In this market update, Frank breaks down recent developments across the S&P 500, crypto markets, commodities, and international ETFs. He analyzes bullish and bearish chart patterns, identifies key RSI signals, and demonstrates how "Go No Go Charts" can support your technical analysis. You'll also...   READ MORE 

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Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

SIL Silver Miners SIL was among the leaders yesterday and now is close to triggering this double-bottom bullish pattern. Staying above the 43-mark would target 47. That's not a big move, but let's remember that SIL is sporting bullish formations on its longer-term charts, too. SIL...   READ MORE 

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S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips

S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips

On Wednesday, only 4% of the S&P 500's holdings logged gains — a pretty rare occurrence. Since the start of 2024, this has only happened three other times: * August 5, 2024: The last day of the summer correction * December 18, 2024: The Fed's hawkish cut...   READ MORE 

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S&P 500, Bitcoin & XLK: What the Charts Are Saying Now

S&P 500, Bitcoin & XLK: What the Charts Are Saying Now

In this video, Frank dives into some of his favorite features on StockCharts.com. He then dissects the S&P 500 and Bitcoin price action, before exploring the the XLK Technology ETF's explosive move off the lows. He also highlights a few recent trade ideas and setups...   READ MORE 

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The S&P 500 Snapped Back Hard: Now What?

The S&P 500 Snapped Back Hard: Now What?

KEY TAKEAWAYS * The S&P 500's 14-week RSI hit its lowest point since the 2008 financial crisis. * Sector ETFs like XLK (Technology) and XLI (Industrials) are showing bullish patterns. * While the stock market's rapid reversal is encouraging, historical trends show that pullbacks often follow oversold...   READ MORE 

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Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

KEY TAKEAWAYS * Bullish chart patterns, such as the inverse head-and-shoulders and cup with handle, are in play in the S&P 500. * Utilities are breaking to new 50-day highs. * Bitcoin and Ethereum continue to signal rising risk appetite. The S&P 500 ($SPX) wrapped up Tuesday just below...   READ MORE