The Sunday Stalk List | Ep.44

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: Stacking Wood 

The market continues to grind higher, but it’s not clean across the board.

Some areas are working, others are still catching up, but the majority is doing just enough to keep things constructive.

I hate the “some are up and some are down” narrative, but the charts are backing it up right now.

What I see right now has me leaning into some of the laggards and dips in leadership. 

It's not a market where I'm chasing breakouts. 

Opportunity is there, but it requires selective exposure.

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 market continues to stack wood. 

Week over week, there’s nothing overly dramatic, and that’s a good thing. 

A calming market is a healthy market, especially after the type of thrust we just saw.

But zoom out and the message gets more interesting. 

Month over month, we’re seeing real improvement in the longer-term offensive zones, particularly across the 50-day to 200-day readings. 

That’s Technology, Financials, and even some of the secondary groups quietly building a stronger foundation.

In the near term, things are cooling off, but that short-term wood is being stacked on top of a strengthening base. 

As long as that longer-term participation continues to expand, this keeps the backdrop constructive and favors staying opportunistic. 

 

The Stalk List 

SPY 

Trend is still up, plain and simple. Price is holding above the 200-day and that April low AVWAP, which continues to act as your key risk level.

Under the hood, breadth has cooled off, % above the 20-day is pulling back from overbought and resetting. That’s the breather.

As long as price holds trend and breadth just resets instead of breaking down, this is exactly what a healthy tape looks like while it stacks wood.

MSFT  — Bottom Fishing

Yeah, it’s in a downtrend, no sugarcoating that, but this is exactly where I start paying attention. 

Price is pressing right into that 414–420 polarity zone, with well defined risk and RSI is sitting in a constructive position. 

This is one of those spots I’m okay bottom fishing, but with rules. Defined risk, small size, let it prove it.

PLTR  — Palantir

This one’s been a monster, and now it’s just chilling, which is exactly what you want to see. 

Big move, now consolidating above that breakout AVWAP and below the ATH AVWAP, just building cause.

Everyone’s watching earnings, and rightfully so. 

This isn’t just about PLTR, this is one of those names where what they say and how it reacts can bleed into the entire software space.

XLP — Staples

This one’s a bit of a wildcard, but I actually don’t hate it. 

You’ve got a long base and now price is pressing right into that 84–85 zone again while putting in higher lows.

If it can finally clear and hold above that level, you’ve got a quiet breakout in a defensive name, which I don’t mind at all here. 

If it fails, it’s just more range-bound chop.

Not leadership, but a small add here gives you some balance if things get a little messy short term.

The market doesn’t need to do anything crazy here. 

It’s already done the hard part with the thrust, now it just needs to follow through by not messing it up.

Leaders are resting, some laggards are starting to shape up, and breadth is cooling in a way that actually supports the bigger picture. 

That’s a good combination if you’re paying attention.

Stay selective, manage your risk, and let the market keep stacking wood.

Anyway, that's my two cents. 

5 Trades I Like Right Now

I bought a lot of stocks last week.

In this week’s show, I break down the context behind those positions and how I’m thinking about the current market backdrop.

The setups, the levels, and how I’m actually executing in a market that’s stacking wood but still rewarding selectivity.

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.