The Sunday Stalk List | Ep.43

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: Catching It's Breath

The bulls have been on a tear since the March lows.

This week the bulls decided to take a breather. 

Short-term breadth pulled back but the structure built over the past month is largely intact. 

The tape isn't broken, we're simply consolidating. 

Consolidations after a strong recovery is exactly where some of my favorite setups are born. 

This isn't the time to panic or chase. 

It's the time to build the list. 

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.

The month-over-month data tells the real story. 

After the March flush, participation rebuilt meaningfully across most sectors - some real structural repair, not just a bounce. 

This week's short-term pullback needs to be considered within that context. 

This isn't a tape to chase but it is one to be building your buy list. 

Looking at strong trends consolidating at key levels, waiting for the right entry.

The Stalk List 

SPY — S&P 500 - Two Stories 

This chart tells two stories. 

Tech is on a tear and carrying the index higher, while the broader market catches its breath. 

That divergence is exactly why chasing here makes no sense. 

Let the market settle. Let the pitches come to you.

XLK  — Technology

Tech is ripping. 

As the largest and most important sector in the world, it has the weight to keep the index humming while the broader market catches its breath.

RSP  — Average S&P 500 Stock 

The average large cap is catching its breath. No reason to step in yet. Let it breathe and reset.

XLB — Materials 

This is exactly the type of setup I'm stalking right now. 

Beautiful recovery, clean uptrend, and now simply consolidating above the ATH AVWAP. 

Build the list and be ready.

The tape is in a good place but it's not a tape to chase. 

Tech is leading and breadth is resetting - that's a healthy combination.

Build the list, define your risk, and let the setups come to you. 

The best entries are born in consolidations like this one.

Anyway, that's my two cents. 

Holding On In A Bull Market 

Most people only know the cliché. 

For them it's simply a bumper sticker without the execution. 

Here's the execution.

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.