Market Misbehavior

Keep the faith, bulls. There are still stocks breaking out, they just aren't in technology! I see you there, formerly beaten down health care names, making a run of it in May and June. $LLY

Technology has clearly been the strongest sector this year. But does that mean every good investment idea has to come from tech?

In today's video, I use the EPS Momentum platform to compare leading technology stocks with similar opportunities in materials, healthcare, mining, and other sectors.

We'll look at earnings momentum, relative strength, estimate revisions, and chart patterns to identify stocks that may be flying under the radar.

Watch here:

Finding the Next Leaders with EPS Momentum | STRONG Earnings + STRONG Price! Technology stocks continue to dominate the market in 2026, but does...

When you have to zoom out pretty far to justify the bullish case, that could mean the chart just isn't awesome anymore. $PLTR

Semiconductors $SMH testing the chandelier exit for only the second time since the March low. A break below this trailing stop, as well as a push below the 21-day EMA, could signal the end of the "onward and ever upward" phase!

Whenever this indicator appears, I get the same question: "Does this mean the market is about to crash?"

Not necessarily.

I've come to think of the Hindenburg Omen as a tornado siren. Sometimes the storm never arrives. But when the siren sounds, it's probably worth reviewing your emergency plan.

The current market trend remains constructive, but the latest signal suggests there may be increasing fragility beneath the surface. In my latest article, I explain what the Hindenburg Omen measures, why it has my attention right now, and what signals I'll be watching in the weeks ahead.

Read the full article here:

https://articles.stockcharts.com/article/hindenburg-omen-sounding-again-should-investors-be-concerned/

The Hindenburg Omen Is Sounding Again. Should Investors Be Concerned? A second Hindenburg Omen confirmation has emerged as market breadth weakens beneath new highs in the S&P 500 and Nasdaq. Dave Keller, CMT, explains why the signal should be viewed as an early warning sign, not a prediction, and how investors can prepare for rising risk.

Gold is still a "good" chart as long as $GLD remains above the 200-day moving average. A break below 400 would mean a failure at the 200DMA also a break below the March low. Momentum has been meager for since early March!

Semis $SMH still in a strong uptrend phase, and at times like these the Chandelier exit system can serve a valuable purpose of identifying a "change of character". This is one of the exit strategies I discussed in my recent webcast- replay available to all through midnight tonight! https://marketmisbehavior.com/exit

Apparently the $SPX and $NDX CAN go up without technology! Breadth improving today as the "everything but tech" rally ensues. % of $SPX stocks above their 50-day up to 57% late morning.