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The Chart Guys

Market Breadth Improving

NowPress play to follow along0:00 / 33:22
Chapters15 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Weekly bull flags and market consolidation

  • Weekly bull flags intact
  • Bullish headlines drive market
  • Directional lean from headlines
  • Market still reacting to headlines
2:14lesson

Market trends and blowoff top potential

  • Meltup potential for market
  • Need sector participation for blowoff top
  • Semiconductor leadership key
  • Bull flag confirmation needed
4:26SMH· ticker

Semiconductors — bullish continuation

  • Fourth highest daily close
  • Highest weekly close ever
  • 3.7% from all-time highs
  • 10.5% drop to lower lows
6:43SNDK· ticker

SNDK — inside bar bull break

  • Nice inside bar bull break
  • Stronger than MU this week
  • 5-week high relative strength
  • Daily higher low potential
9:14XLF· ticker

Financials — rotation playing out

  • BAC breaking all-time highs
  • JPM barely breaking range
  • 6% from all-time highs
  • Need to go back to all-time highs
11:32XLV· ticker

Healthcare — inverse head and shoulders

  • Inverse head and shoulders bull break
  • 4.4% from all-time highs
  • Daily uptrends key
  • Sector participation needed
13:49GOOGL· ticker

Google — oversold bounce trade

  • 30 minute super stack
  • RSI in low 20s
  • Daily lower high likely
  • Break even at 346
16:08SPAC· ticker

SpaceX — IPO reaction

  • Opened straight up
  • Market orders not filling
  • Tesla ignored SpaceX drop
  • Relative strength to Tesla
18:02RKLB· ticker

RKLB — double top at resistance

  • Double top at resistance
  • Zero follow-through
  • Monthly EMA 12 rider
  • Weekly higher low attempt
20:13ESTS· ticker

ESTS — bearish engulfing candles

  • Bearish engulfing candles
  • Big volume
  • Monthly downtrend confirmed
  • No follow-through
22:55silver· ticker

Silver — oversold bounce trade

  • Daily super stack
  • RSI in low 20s
  • 4% bounce from lows
  • Monthly higher low possible
24:53gold· ticker

Gold — extreme bounce trade

  • Six month lows
  • Daily lower high likely
  • 4100 break with no follow-through
  • Liquidity flush to buy
27:23CCJ· ticker

CCJ — monthly downtrend confirmed

  • Monthly downtrend confirmed
  • Lowest levels in 4-5 months
  • Break to lowest levels
  • Monthly EMA 12 battle
30:05oil· ticker

Oil — daily equilibrium break

  • Daily downtrend guide
  • 78.97 key level
  • Bare break lower high
  • Lower low possible
32:23MRK· ticker

MRK — monthly cup and handle

  • Tightening up nicely
  • Monthly cup and handle
  • Healthcare rotation
  • Waiting for confirmation

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