Since the April low there has been a decrease in the number of stocks beating the $SPX as the megacaps dominate. The number beating the index YTD has decreased from 42% to 28%:

NASDAQ - key levels to watch
#markets #IBD #Optuma

After almost 2 years $XLU is now back on the right side of the weekly RRG. Here's the rotation over the last year, also showing the move of $XLE, and $XLC (which has stayed on the right side of the chart the entire time, ie out-performing).

Only asset class outperforming cash the past month is DXY #IBD #Markets #Optuma

All World Ex US (VEU) is outperforming US markets (SPX) as of 5/2 led by EEM.
#IBD #Optuma #markets

QQQ - as mentioned in prior post, $413 a key level. The QQQ's held this level, next test is $432 area which is overhead resistance (21D and 50D moving averages) #Optuma #IBD #markets

Market Metrics 5 24 24: Nvidia leads markets higher. Markets remain risk on, see link for details. 1drv.ms/b/s!AhMM-0KzFZ…

#markets #IBD #Optuma

$NVDA made a new ATH but closed lower today - off 4.6% from the high. The last time that happened was March 8th (a huge 10% reverse) leading to a 22% decline over the next 6 weeks:

$SPX breadth improved on Thursday & Friday, with 82% & 68% outperformance, respectively. YTD outperformance up to 33%:

$SPY has never had a swing greater than 12%
since last year without a setback.
$SPX $0QQ Optuma

I'm often asked about the software I use.
This is GannTrader by @optuma
It has lots of #Gann and #astrology tools.

In this chart I have used Gann Planetary Lines, which allows you to plot planetary price lines, just like Gann. You can see why price often finds either

Weekly RRG of the SPDR sectors shows $XLU is about to enter Leading for the 1st time in 101 weeks (a clue on March 29th when the direction of the tail sharply changed direction in Lagging).

a look at an Optuma bubble chart showing our 'all asset' list...

x-axis: 1-month % change
y-axis: 3-month % change

Ethereum $ETHUSD, Bitcoin #BTC    , copper standing out against the field... #AssetWatch

R / T : David Cox, CMT, CFA

It's been 102 days since the October low in $SPX and a gain of 28.2% to the high. This has been the longest period without a 5% pullback since Mar - Sep 2021 (22% gain), and the highest gain without a pullback since Nov 2016 - Jan 2018 (38% gain over 307 days).

Optuma

Here's $AAPL with 10% swings... current high - low swing is -15.6% (most since Jan 2023) and longest since 2018 (at least 56 days depending on what happens - if price reaches 185.34 swing will turn up, but if breaks below 168.49 current swing will continue down).

Optuma

Market Metrics 5 3 24: Seeing general improvement across the board as markets react well to recent economic data. See Link: 1drv.ms/b/s!AhMM-0KzFZ… #IBD #Optuma #MarketStrategy

Mint optuma zora.co/collect/base:0…
Check our my #PhiLandOnZora 📷 Phi Zora #NFT #ZORA #PHI

Every year following an inside year the $SPX has been up, with avg return 16% (currently 10% following last year's inside bar). h/t Mo

$SPX 40 bars weekly cycle.

$SPY $QQQ Optuma