The Snowday Stalk List | Ep. 33

Sunday Stalk List | Ep. 33

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: Rotation Reversion

A lot of the conversation lately has centered on rotation, and for good reason. 

Breadth has improved, participation has widened, and parts of the market that were left for dead are catching bids. 

But rotation doesn't mean replacement. 

What we’re seeing across multiple ratios is a short-term mean reversion back toward the largest, most influential parts of the market. 

I don't know if it's real yet....but it's what I'm stalking this week. 

Let's get into it. 

Breadth - "The Market of Stocks"

If you missed it, I broke down this dashboard and how I actually use it in my process during my weekly show.

Zooming out, this is still a market where the longer-term trends remain intact across most sectors, even as short-term conditions cool. 

I wrote a longer post about this today on X. 

The week-over-week changes show offense taking a breather, not breaking down, while several defensive and real asset areas continue to quietly improve. 

That’s classic rotation behavior, broadening participation under the surface, but it’s not the kind of breadth that forces the index higher without renewed strength from the heavyweight growth complex.

The Stalk List 

$MAGS - Mag 7 ETF | ~33% of the S&P 500

The equal-weight Big Tech basket has cooled off, with RSI resetting back toward neutral and price pulling into rising moving averages. 

This is a classic pause within an uptrend, not a trend failure.

Holding the 50-day and stabilizing here opens the door for renewed leadership from the heaviest hitters in the index. 

I'm stalking for some follow through this week. 

$IWM vs. IWB  | Small Caps vs. Large Cap 

Small caps have staged a sharp relative move versus large caps, it looks more legit than any of the past moves that have failed. 

But I see some room for reversion as it's getting pretty extended in the short term with RSI reaching 80. 

Some reversion here could be healthy for the market and $MAGS breaking out could be the driver. 

$SPYG vs. $SPYV  | Large Cap Growth vs. Value

Growth has gone quiet while value continues to grind higher, compressing the growth versus value ratio.

 Structurally, this looks like digestion after a strong growth run, not a breakdown. 

If buyers defend the recent relative lows, this sets up a rotation back toward growth leadership rather than a sustained value takeover.

My Two Cents

Rotation has done its job, broadening participation and relieving pressure without breaking anything important. 

But when multiple relative charts start hinting at the same thing, it’s worth paying attention. 

Short term, the market looks like it wants to lean back into the Giants. If that plays out, the indexes could see a push back to all time highs. 

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