If you missed it, I broke down this dashboard and how I actually use it in my process during my weekly show.
From Jan 9th to Jan 17th, offensive sectors saw sharp short-term cooling, led by Discretionary and Communication Services, while defensive and rate-sensitive areas quietly absorbed capital. The 5-day and 20-day windows reset momentum, but the 100-day and 200-day data continue to support a constructive intermediate-term trend.
Money didn’t leave the market, it just changed seats.
There are cracks forming, but the ground isn’t shaking yet. The BenchWarmers continue to score points for the team, keeping the broader structure intact but we need the MVP's to wake back up....
The Stalk List
$NVDA - Nvidia | ~7.5% of the S&P 500
Nvidia is digesting, not breaking but it's lagging the semiconductor space as a whole that's already at all time highs.
Price is consolidating above its breakout AVWAP and just above the rising 200-day, with momentum flattening but intact.
Holding this range keeps the larger uptrend alive, while losing it would put real pressure on the semiconductor complex.
$AAPL - Apple | ~6.5% of the S&P 500
Honestly, this chart is annoying. Nothing like a clean breakout failing....
The breakout resolved higher and has retraced back into the $255 area, which is the area that matters.
If buyers can hold this level, it puts technology back on stable footing, but losing it turns this back into dead weight.
$MSFT — Microsoft | ~5.75% of the S&P 500
Price is compressing just beneath its polarity zone from the mid-2024 highs, it's in real danger here.
Software as a whole has been a drag on the tech sector and market cap weighted indexes.
A clean resolution higher from here would go a long way toward stabilizing market-cap leadership.
