Every weekend, I review hundreds if not thousands of charts across U.S. indices, global markets, breadth, sentiment, and intermarket relationships.
And now I’m opening up my stalk list.
The names that stood out the most from my review.
This week’s theme: Bullish Buffet.
We’re at that stage of the bull where there’s a little something for everyone.
Think of it like the Golden Corral of markets - if you want fried chicken (momentum plays), it’s there.
If you want a salad (defensives and income), it’s there too.
Breadth is expanding, equal weights are breaking out, and setups are forming everywhere.
Let’s get into it.
Breadth Dashboard
Offense remains on the field with Industrials, Tech, and Discretionary continuing to carry the load. Defensive groups like Health Care and Utilities are joining in, adding balance to the advance. The Buffet Menu is Expanding
Equal Opportunity
Equal-weight indices are one of the easiest ways to gauge breadth. Unlike market-cap weighted indexes, every stock gets an equal vote. They’re democracy in chart form.
$RSP – S&P 500 Equal Weight ETF
The equal-weight index just broke out to new all-time highs, confirming broad participation under the surface.
When the “median stock” is hitting highs....Breadth remains your friend.
$EQAL – Russell 1000 Equal Weight ETF
The broader market continues to quietly hit all-time highs under the surface.
RSI remains in a bullish regime, confirming persistent demand.
It’s a picture-perfect sign of market health beyond the mega-caps.
$EQWL – S&P 100 Equal Weight ETF
Even the top-tier names, when equally weighted, are pushing into fresh highs.
The base breakout pattern reinforces how leadership remains diversified.
The more indices confirming strength, the stronger the foundation.
The Buffet of Charts
$XLI – Industrials
Industrials are pushing through the top of a long consolidation base. After months of chop and a fakeout, this breakout looks real.
Strength here says economic leadership is alive and well.
$XLY – Consumer Discretionary
Discretionary has been in an RSI bullish regime for months, showing persistent buying strength.
It’s grinding just below major resistance, but the longer it holds up here, the more energy builds for the next leg.
$INFL – Inflation Beneficiaries ETF
INFL is pressing through the top of a massive base that’s been building since last year.
Strength in real-asset themes continues....
$IHE – Pharmaceuticals ETF
Pharma just launched from a multi-year cup-and-handle base, breaking through stubborn resistance.
RSI confirms momentum is finally back in the group.
When defensive sectors break out alongside cyclicals, that’s a bullish buffet.
$IBB – iShares Biotech ETF
Biotech finally cleared multi-year resistance after a long and painful bottoming phase.
RSI is showing a bullish regime shift, something this group hasn’t seen in ages.
I wrote a special report on my favorite Biotechs a couple weeks ago...check it out.
$IBIT – iShares Bitcoin Trust
Bitcoin is breaking out of a textbook cup-and-handle pattern.
The April AVWAP acted as a launchpad, and RSI confirms momentum.
When crypto starts participating again, risk appetite across markets usually follows.
$PSIL – Psychedelics ETF
A rare long-term basing structure is giving way to a breakout.
For the first time in years, price is clearing resistance and reclaiming the long-term AVWAP.
This could mark the start of a multi-month trend reversal.
$AMZN – Amazon
Amazon keeps testing the 200-day like it’s a trampoline. Buyers have stepped in at this level three times already, and we’re watching for a fourth.
As long as this base holds, it remains a key anchor of large-cap strength.
$NVDA – Nvidia
When leaders consolidate at highs, it’s often a setup for another run.
$META – Meta Platforms
Meta has pulled back to retest its breakout zone with RSI cooling off. We don't want to see these failed breakouts lead to downside follow through.
Keeping a close eye the April Low AVWAP.
$RKLB – Rocket Lab
Rocket Lab is forming a smaller cup-within-a-cup setup and breaking the neckline. A move through resistance could ignite another round of momentum in the aerospace group.
My Two Cents
This market feels like a buffet with plenty of variety.
Momentum, rotation, and participation are all flashing green.
When breadth and equal-weight indices are breaking out together, that’s not the time to overthink....it’s the time to execute.
