The Sunday Stalk List | Ep. 37

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: Follow Through

We’ve started to see signs of life in some of the offensive areas of the market. 

Short-term breadth thrusts in Communication Services and Financials, stabilization in Technology, and steady participation from Industrials have shifted the tone slightly.

Now the question is simple. Do we get follow through?

One-week bursts don’t change intermediate trends.

If buyers are serious, we should see that recent strength expand and begin to tip the weight of evidence back toward sustained upside momentum.

This week, we’re focused on whether offense can build on the early rotation and start to reclaim leadership.

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.

The Yin and Yang remains intact.

Beneath the surface, the bench continues to carry the load. 

Materials, Energy, Utilities, and parts of Staples still show strong participation across the 50, 100, and 200-day moving averages. 

Longer-term breadth in those areas is constructive and continues to act as a buffer against meaningful downside pressure.

The starters, however, are still in transition. 

Technology and Discretionary remain mixed across key intermediate-term measures. 

While Communication Services and Financials saw notable short-term improvement this week, that strength must expand into the 20 and 50-day columns to signal durable upside momentum.

Offensive breadth improved in the very short term, but defensive sectors still dominate the longer-term trend measures. 

That divergence is keeping the index rangebound. 

Until leadership broadens across the offensive heavyweights, sustained upside expansion will remain constrained.

The Stalk List 

XLF — Financials

Financials are sitting at the bottom of a well-defined range near 52 to 53, with RSI struggling around 50 and price testing the 200-day area. 

This is decision time. 

If buyers can defend the lower end of this range and push back toward 55, we likely see a rotation bid return to the group. 

Lose this area and the range widens in a hurry.

KBE — SPDR Bank ETF

The banks look much better. 

KBE is in a clean uptrend and pulling back into former resistance near 64 to 65, now logical support, with RSI holding above 50. 

If this is a standard uptrend pullback, we should see higher lows develop quickly and a push back toward the recent highs. 

This is the constructive look inside Financials.

UCB — United Community Banks

Playing on that bank strength I like UCB here. 

Retesting prior resistance near 34 to 35 after a strong run. 

If buyers can hold this breakout area, the path of least resistance remains higher. 

FHI — Federated Hermes

Another gem inside of financials....FHI is pressing against range highs near 55 to 56 after building a rounded base. 

A clean break and hold above that level opens the door for continuation higher.

ARKK — ARK Innovation

ARKK is the purest expression of risk appetite in this market. 

If buyers defend this confluence, the next leg higher is on the table.

MAGS — Roundhill Big Tech ETF

Yes, we talk about MAGS a lot. It represents roughly a third of the S&P 500 and acts like the quarterback of the team. 

I added on the bounce last week. Now I want to see continued follow through and a move back toward the highs.

NVDA — Nvidia

NVDA is consolidating above noth key AVWAPs. That’s meaningful for both semis and the broader tape. 

Stalking for more upside potential and limit risk against that 180ish AVWAP level. 

AAPL — Apple

Apple is back testing the 255 to 260 prior breakout area. I like the clean setup here for some follow through to the upside. 

It remains a bifurcated (even balanced) market. 

The index is sideways, but opportunity is under the hood. 

Follow through in these offensive areas is the key to getting the S&P 500 out of the penalty box.

Anyway, that's my two cents. 

I went live Friday to dig deeper into the leadership dynamics right now. 

If you missed it, throw it on 1.5x speed and let it rip.

And if you enjoy it, hit the like button. It’s the easiest way to show some support.

Much love.