The S&P 500 Is Stuck... But Market Internals Tell a Different Story | CHART THIS

Markets paused after a strong run, but the underlying message may be more constructive than the major averages suggest. In today's episode of CHART THIS, Dave breaks down the broad market pullback, explains why improving market breadth is an encouraging signal, and discusses the emerging rotation away from high-flying semiconductor stocks and toward financials and communication services. Dave also examines whether the S&P 500 is forming a classic consolidation pattern, reviews notable breakouts including Meta and Alphabet, and answers viewer questions on the SKEW Index, put/call ratios, and why breadth can improve even when indexes move sideways. 🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/fre... 📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/rea... 🎯 Upgrade your market awareness with Seeking Alpha Premium https://marketmisbehavior.com/seeking... 💪🏻 Get the full Seeking Alpha experience with the Bundle, combining Alpha Picks’ data-driven stock ideas with Premium’s research tools and quant ratings in one place: https://marketmisbehavior.com/sabundle 👉 Follow Dave on X: https://x.com/DKellerCMT 👉 Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.b... 👉 Follow Dave on Facebook:   / marketmisbehavior   👉 Follow Dave on Instagram:   / marketmisbehavior   Key Moments 00:00 Welcome, Canada Day, and today's market setup 04:27 Markets pull back while volatility remains contained 09:31 Financials and communication services lead the session 12:12 Meta's breakout and the latest leadership changes 13:30 Semiconductor stocks suffer a sharp reversal 16:32 Is the semiconductor uptrend actually breaking? 19:35 Sector rotation: financials strengthen as tech cools 25:19 The S&P 500 may be forming a symmetrical triangle 27:00 Why improving market breadth remains a bullish signal 29:30 What the SKEW Index really tells investors 31:49 Alphabet's breakout and what to watch next 35:13 Viewer Q&A: Put/call ratios, breadth, and market internals The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice. Some of the links in this description and in the video may be affiliate links, which means you pay nothing more and it helps me to make Market Misbehavior awesome! As an Amazon Associate, I earn from qualifying purchases. For full disclaimer, please see our website: https://www.marketmisbehavior.com/dis.... * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *