TGIF — this morning we put together a Chart Rundown for CappThesis premium members: 20+ of the most important assets, ETFs, and stocks, in a clean, chart-focused format with minimal commentary. I’m sharing five highlights with you today. Enjoy, and have a great weekend.
SPX – The next phase
The SPX just hit overbought for the first time since September and remains in a steep uptrend. This mirrors last spring: after first tagging the RSI’s 70 threshold, momentum cooled, but the trend held and simply flattened. The next phase now could resemble this.
Technology
While headlines focus on XLK’s 17-day winning streak ending and stretched conditions, there’s another angle:. Brian Sozzi of Yahoo Finance notes Tech’s forward P/E is near the bottom of its multi-year range— recently hitting its lowest point since 2022.
XTL Telecom – a 2026 leader
XTL is up 42% YTD and has been one of the most consistent uptrends since April ’25. It pulled back 9% in March but held above its 50-DMA, which it last undercut in December ’25.
XLF Financials vs. SPX
XLF has yet to leverage the positive momentum divergence vs. the SPX noted at the start of earnings season. Still, that setup may play out—the last two major market bottoms saw a similar sudden flip, with XLF then outperforming.
INTC – A multi-decade breakout
Here’s INTC’s entire price history, showing that today’s earnings reaction would push it above its 2000 highs. The stock would also be up +400% from its April ’25 low—a big move, but still far short of the +256,000% gain from 1974–2000 (per TradingView data).
CappNotes offers a small window into the work we do at CappThesis - a technical analysis newsletter company focused on classical chart patterns, trend, and risk management. Explore the full range of CappThesis services here: