The Sunday Stalk List | Ep. 25

5 Charts This Week

By Larry Thompson

November 23, 2025

Sunday Stalk List | Ep 25

Welcome back to The Sunday Stalk List.

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: The Follow Through

The bounce(s) we talked about last week finally got some follow through.

Price didn’t just firm up. It flipped. Quickly. And in favor of the bulls.

They threw the first punch, then followed with a clean uppercut.

You can feel the tone shift in the tape.

Let’s get into it.

Breadth - "The Market of Stocks"

Breadth is something I keep an eye on every week.

The "Market of Stocks" really shows the health of the underlying market.

The index fails to tell the whole story when it's extremely concentrated within Tech.

We saw a coordinated snapback across the offensive sectors. Tech, Discretionary, and Comm Services all ripped higher on the 5- and 20-day metrics.

That’s the kind of behavior you see when a market goes from washed-out to energized almost overnight.

Longer-term measures held firm last week and finally started to turn up this week.

That’s the classic “less bad becomes good” transition you see before true thrusts show up.

The kind of shift that usually catches people leaning the wrong way.

This wasn’t a textbook thrust, but it had the character of one. Broad participation. Fast improvement. Multiple sectors bottoming together.

The spark was there. Now it’s all about follow-through.

If this snapback bleeds into the 50- and 100-day trends, the market will stop hinting and start confirming the shift toward a year-end rally.

The Stalk List

I recommend keeping a close eye on all the charts from last week. They all rallied hard off their levels and continue to shape up in a way that deserves attention. Those setups are still very much in play, but here are five additional charts I’m stalking this week.

$PSIL - Psychedelics ETF

PSIL continues to make the full round-trip back to its major base breakout area. The structure looks like a completed reversal, and buyers are defending where they should. Hold this level and the weekly higher-low sequence stays in play.

$IGV - Software

Not every rally is built the same. Software is still soft and pushing straight into overhead resistance while other areas are bouncing off clean support levels. If you need a hedge, IGV is one of the few charts that actually offers a clear level to lean against on the short side while the stronger groups carry the upside.

$XLU - Utilities

Utilities keep holding that rising 50-day and just reclaimed the prior support shelf that failed in early November. This is exactly how healthy trends act. As long as price stays above that reclaimed level, the bias stays up into year-end.

$UBER - Uber

Uber pulled right back to its major breakout level and buyers showed up again. This is the line in the sand. Above this zone, the bigger rounded base remains intact and keeps the long-term uptrend alive.

$TLT - iShares 20+ Year Treasury Note (Bonds)

Bonds continue to work on this bottoming process. I’ll admit it’s messy, but it’s persistent, and persistent bottoms have a funny way of resolving higher when everyone stops paying attention.