Nothing Is Working Anymore. The Indexes Are Hiding The Lack of Momentum.
This week on Stock Market Weekly (Episode #847), we cover Nothing Is Working Anymore. The Indexes Are Hiding The Lack of Momentum. We also break down the S&P 500, Nasdaq 100, Russell 2000, and the sectors and themes driving price action.
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In this week’s episode
Major indexes remain close to their highs, but traders face a far tougher market underneath. Hawkish rate expectations strengthened the dollar, pressured risk assets, and deepened the rotation, while weak momentum and failed breakouts kept stock selection difficult.
The episode explains why software is outperforming semiconductors, where Bitcoin may still have room to run, and which SPY and QQQ levels matter next. The key takeaway is process: respect the chop, follow emerging price leadership, and let risk rules manage false starts.
Video episode timestamps
- 0:00 Introduction – Key Events From This Week’s Trading
- 0:52 $NVDA Earnings Reaction
- 1:34 Fed Rate Hike Risk
- 2:54 Software Outperforms Semiconductors
- 4:01 Why the VIX Is Not Hedging
- 5:19 Market Breadth and Oversold Levels
- 6:22 $SPY Holds Near Record Highs
- 7:50 $QQQ Breakout Levels
- 9:56 Momentum Leaders Break Down
- 12:16 AI Neocloud Stocks Struggle
- 13:17 Software Stocks Take the Lead
- 14:18 Bitcoin Targets $100K
- 15:50 Market Navigator Stays Bullish
- 17:37 Trading Systems and Risk Control
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