The Mega Cap Melt-Up Continues
A secular bull market is a long-term uptrend that spans multiple business cycles and includes cyclical bull and bear phases tied to economic expansions and contractions. For the S&P 500
Continue readingSPX and NDX Test Upside Target Levels
The S&P 500 Index (SPX) has extended its rally following the mid-April breakout to all-time highs above 7000, pushing into the 7400s and rapidly approaching an important upside target zone
Continue readingPICK, SETM, USRT, XHB, and XRT
The iShares MSCI Global Select Metals & Mining Producers Fund ETF (PICK) has a bullish setup with upside potential into the 73.09 to 77.50 area. A breakout and successful retest
Continue readingMega Cap Melt-Up
In our view, the current melt-up for mega cap stocks relative to large cap stocks from early 2023 resembles the melt-up from the mid-1990s into the 2000 peak and still
Continue readingConstructive Metals Setups Favor Copper and Silver
Copper Futures broke out from a late-January into early-April falling (bullish) wedge and confirmed a three-month bullish cup-and-handle pattern last week. The immediate setup remains bullish above the cup-and-handle neckline
Continue readingRelative Strength Depends on the Question
Over the course of this week in Market Mosaic Daily, we examined several different forms of relative strength: sector leadership, market participation, RSI behavior, comparative performance relationships. All of them attempt
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