161point8

BLUE-SKY RESEARCH

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$XLU was the worst performing $SPY sector last week which hasn’t occurred since last October

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$ETHA attempting to breakout versus $QQQ

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$ETHA attempting to breakout versus $QQQ

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New ATH for $SPX already, July wasn't the peak for the year.

(August highs are also rare, last was 1994 and shoutout to 1987)

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Will the July high in $SPX be the high for the year?

It’s possible, but not probable.

The last time $SPX peaked in July was back in 1990.

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@sstrazza herd mentality.... or HERB mentality... cc: @herbgreenberg

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@KoyfinCharts i'm digging this color combo

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@RobinhoodApp Not sure about that number formatting fam, why not 5.00% and 4.70% for consistency
cc: @vladtenev

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$AAPL AVWAP in play again

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Will the July high in $SPX be the high for the year?

It’s possible, but not probable.

The last time $SPX peaked in July was back in 1990.

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@LuxAlgo sshhh, don't tell anyone but there were more gainers than losers with $SPX down today

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@sstrazza that was a killer story today Steve - appreciate you sharing what drives you

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$XLC potential failed breakout
3 of the top 10 holdings report this week $META $EA $CMCSA

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$COIN support in play, EPS on Thursday

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$XLV was the best performing $SPY sector last week which hasn’t happened since March

$IBB back above the 200-day $LABU

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$ITB still below the AVWAP and the 200 day

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$ITB AVWAP

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For the fourth time this year, every $SPY sector rose for the week

It’s the second time it’s happened this month

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Ironically $SPX was up every day this week while the worst performing sector was $XLK

Smells like rotation

[Willie Delwiche, CMT, CFA @WillieDelwiche]

8 of 11 S&P 500 sectors made new 13-week highs last week.
5 of them also made new 52-week highs.

This is not a narrow rally.

Strength is broad and breadth is healthy.

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$PLTR support

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$QQQ may not have hit a new high today…
…but $QQEW did

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After hours:
Weakness in semi's $TXN $MCHP
but strength in AI Utilities $NRG $CEG $VST