Big Tech Isn’t Driving This Rally Alone
Big Tech may grab the headlines, but some of this rally’s strongest participation is showing up elsewhere. Mary Ellen McGonagle shows where the broader move is taking shape and what the charts are signaling now.The broader participation becomes clearer when Mary Ellen compares the S&P 500’s cap-weighted sectors with their equal-weight counterparts. The gap points to smaller stocks contributing more than the headline indexes suggest. From there, Mary Ellen turns to SCTR to show how longer-term performance can still shape a stock’s rank after a recent pullback.
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00:00 Welcome & This Week’s Market Drivers
02:06 S&P 500, Nasdaq & Market Breadth
04:52 Sector Rotation: Energy Leads
09:38 Medical Devices, Small Caps & Semiconductors
12:23 How the StockCharts Technical Rank Works
16:33 Equal-Weight Tech & Data Center Plays
19:05 AI Memory Stocks & Energy Strength
20:12 Retail Stocks Under Pressure
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