Frank Cappelleri (@frankcappelleri) 's Twitter Profile
Frank Cappelleri

@frankcappelleri

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linkhttp://cappthesis.com calendar_today04-05-2009 02:00:41

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Frank Cappelleri (@frankcappelleri) 's Twitter Profile Photo

Thanks Ryan Detrick, CMT: $SPX now has finished above its intra-day midpoint 6/7 days and 13/21 trading days in April. Consistently good closes is one of five key traits we track to confirm an uptrend.

Frank Cappelleri (@frankcappelleri) 's Twitter Profile Photo

One streak that did NOT end today: The $SPX hasn’t logged a 1% decline in 10 trading days. That’s the longest run since 17 from 1/28 - 2/20/25. In 2024, the longest streak without a 1% decline was 52 days (5/1 - 7/16/24).​ Example 1,026 of uptrends loving boring price action.

One streak that did NOT end today:

The $SPX hasn’t logged a 1% decline in 10 trading days.

That’s the longest run since 17 from 1/28 - 2/20/25.

In 2024, the longest streak without a 1% decline was 52 days (5/1 - 7/16/24).​

Example 1,026 of uptrends loving boring price action.
Frank Cappelleri (@frankcappelleri) 's Twitter Profile Photo

New Video: The Stock Market's Big Chance After Snapping Back $SPX, Charts courtesy of StockCharts.com Here’s a clip. Check out the full video here (25 mins). youtu.be/Qy5cmb2JN1o?si…

Frank Cappelleri (@frankcappelleri) 's Twitter Profile Photo

New Video: The Stock Market Comeback $SPX, $SPY, $XLK Charts courtesy of StockCharts.com Here’s a clip. Check out the full video here (18 mins). youtu.be/EK8PQrKxE3E?si…

Frank Cappelleri (@frankcappelleri) 's Twitter Profile Photo

How is the market continuing to rally? Many ETFs and stocks have broken out of multiple bullish setups already. $SPX, $XLK Others are close to doing so. $XHB. 👉 Hundreds more look like these. Next step: rotation.

How is the market continuing to rally?

Many ETFs and stocks have broken out of multiple bullish setups already.  $SPX, $XLK

Others are close to doing so. $XHB.

👉 Hundreds more look like these.

Next step: rotation.
Ryan Detrick, CMT (@ryandetrick) 's Twitter Profile Photo

The S&P 500 gained 3% on Monday, then finished higher every day the rest of the week. The only other time in history we saw that was March 2003. Yes, small sample size, but worth noting. What happened back then? Up 16% six months later and 22% a year later.

Frank Cappelleri (@frankcappelleri) 's Twitter Profile Photo

$SPX 🔴 4th straight decline 🔴 4th straight negative breadth day 🔴 Biggest wkly decline since wk ending 4/4/25 🟢 No downside follow through after Wed’s 1% decline 🟢 Held the confluence of support near 200-DMA 🟢 Retraced less than 1/2 of last week's 5.3% gain 🟢 Intra-day

$SPX
🔴 4th straight decline
🔴 4th straight negative breadth day
🔴 Biggest wkly decline since wk ending 4/4/25

🟢 No downside follow through after Wed’s 1% decline
🟢 Held the confluence of support near 200-DMA
🟢 Retraced less than 1/2 of last week's 5.3% gain
🟢 Intra-day