📈 In this week’s market breakdown for StockCharts TV, we take an in-depth look at how the major indices and key asset classes are setting up beneath the surface.
The S&P 500’s recent pullback is front and center, and we’re discussing the recent sub-par breadth, live patterns and how the recent short-term weakness fits within a longer-term bullish structure.
🚀 Beyond the large caps, we’re taking a closer look at small-cap growth, specifically the IWO R2k Small Cap ETF. This segment highlights how the speculative growth stocks have been outperforming the broader small cap space. But from one angle, this outperformance is NOT overdone.
🧬 Biotech continues to be another area of focus, and we walk through the group’s improving technical setup and how its resilience contrasts with recent weakness elsewhere. We’ll also discuss how this huge multi-month run compares to other key periods in its history.
💰 Then there’s Bitcoin, which we know is facing a crucial support test after failing to hold above 125,000 various times the last few months. We analyze the key levels to watch, why this breakdown matters beyond crypto, and how it may influence risk appetite across other asset classes.
🌽 Finally, we take a look at commodities, zeroing in on an emerging bullish pattern in CORN that could have broader implications for inflation expectations and commodity rotation themes.
00:00 - Welcome
00:35 - S&P 500
08:38 - Two Way Volatility
15:10 - S&P Biotech ETF XBI
18:33 - Bitcoin $BTCUSD
21:56 - Corn Fund