This Market Rally Faces A Big Test

After a powerful rally pushed major indexes higher, new challenges are starting to emerge. Tom Bowley explains what options expiration, semiconductor weakness, and shifting market leadership could mean for stocks in the weeks ahead.

Negative divergences are beginning to appear in several key areas of the market just as options expiration and Fed uncertainty add new pressure. Tom reviews the key support levels he's watching, explains why semiconductors remain a critical group to monitor, and discusses whether the market is entering a period of summer consolidation after its recent advance.

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00:00 - Welcome

OVERVIEW
07:34 - Key Indices and Sectors

S&P 500 RELATIVE CHARTS
09:32 - $SPX - Relative to Defensive Groups
12:11 - $SPX - Relative to Aggressive Groups

INDUSTRY GROUPS RELATIVE
14:02 - Electrical Components $DJUSEC

S&P 500 HISTORICAL
17:35 - Pre-Earnings Run Ups

SEMICONDUCTORS
20:25 - SOXX Negative Divergence

STRONG EARNINGS CHARTLIST
22:14 - MRNA, NAVN, PRCH, GEV


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❗️DISCLAIMER
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Strategies or investments discussed may fluctuate in price or value.

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You should strongly consider seeking advice from your own investment advisor

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