John Rothe, CMT

Quick update: A few days ago, I wrote "Why the S&P 500 Feels Stuck—and What to Watch Next." --> https://johnrothe.com/why-the-sp-500-feels-stuck/

TLDR: Basically, we need to see tech stocks (due to their large weighting in the S&P 500 - especially chip stocks) start to rally if we want to see a Santa Claus rally this year.

Well, Semiconductors (SOXX) are starting to wake up.

Chip stocks are breaking above the cloud model, which typically acts as support/resistance, AND flashing a stochastic buy signal in oversold territory.

This is what we want to see continue for Santa to show up.

Ever feel like the market headlines say “all clear,” but your portfolio doesn’t feel that way?

One big reason the S&P 500 can look strong while going nowhere is tech weighting: when mega-cap tech is chopping sideways or weakening, it can quietly hold the entire index back—even if other sectors are having their own rally.

I just posted a plain-English chart review covering:

--- the S&P 500’s sideways range since October

--- what the Ichimoku “cloud” is (and why it often acts like support/resistance)

--- what’s happening in XLK/QQQ and key tech leaders

--- which sectors are helping, and what I’m watching next

Here’s the post:

Why the S&P 500 Feels Stuck—and What to Watch Next - John Rothe | Stock Market and Investment Research Why the S&P 500 feels stuck: a chart-based look at SPX, the Ichimoku Cloud, QQQ and mega-cap tech—and the sectors providing support now.

The market has been range-bound since the US elections, but are high beta, tech stocks about to move higher -- potentially helping the S&P 500 break out to new highs?

Is It Risk On Time for Tech and AI Stocks? - John Rothe | Stock Market and Investment Research Since the US Presidential election, the S&P 500 has been range-bound, as investors digest the news of tariffs, inflation, and what the Fed may do next. However, Tech and AI stocks may be in the beginning innings of a move higher, potentially setting up for a breakout of the S&P 500 to new all-time h...