Growth stocks like AAPL, MSFT, and TSLA have rotated lower in July and August, with further downside potential as interest rates remain elevated. Will Tesla bounce off support and threaten new highs again, or is this recent decline just the beginning of a bearish trend for stocks?

When different technical analysis tools all coalesce on one particular price level, this is what we call a "confluence of support."  Connie Brown stressed the value of using different technical indicators based on different inputs.  When these indicators agree on a particular signal or level, that’s should be a higher conviction signal to consider.

Growth stocks that pushed the S&P 500 and Nasdaq higher through July 2023 have now started to rotate lower, with MSFT AAPL and now the QQQ breaking below the 50-day moving average. What sectors are starting to work, and how can we use technical analysis tools to best illustrate this great rotation?

The McClellan Oscillator is a market breadth indicator that uses advance-decline data to gauge price momentum. This classic technical analysis technique can help validate what you see on the chart of the S&P 500 or Nasdaq, and this week it generated a key bearish signal! We'll break down the construction of this technical indicator, and talk about downside potential for the SPX given this bearish reversal.

The Bullish Percent Indexes are market breadth indicators based on point & figure charts. Today we'll share the Bullish Percent Index for the Nasdaq 100, and show how a recent bearish signal is similar to previous pullbacks in 2023 and 2022.

The dominance of mega cap growth stocks like MSFT, AAPL, AMZN, NFLX, and GOOGL has been the story of 2023. Are these FAANG stocks due for a pullback, and if so, will they hold support at the 50-day moving average?