Dramatic Market Rotation: Key Stock Moves & Trends

08.07.24: Final Bar host David Keller, CMT, recaps the day's dramatic market rotation. He highlights key stock movements, especially around earnings, and discusses top performers from the first half of the year now showing weakness. Stocks covered include SMCI, ABNB, NVDA, AVGO, SHOP, LYFT, and more.

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

00:00 - Welcome to the Show
01:09- Market Recap
04:59 - S&P 500 Large Cap Index ($SPX), 10-Year US Treasury Yield ($TNX)
09:05 - Volatility Index ($VIX), XLY:XLP
12:58 - Super Micro Computer (SMCI), Airbnb (ABNB)
16:38 - StockCharts Market Carpet
16:58 - NVIDIA (NVDA), Broadcom (AVGO)
18:41 - Shopify (SHOP), Global Payments (GPN)
20:14 - Walt Disney (DIS), Lyft (LYFT), Amgen (AMGN)

👍🏻 FOLLOW US

#stockcharts #thefinalbar #davidkeller
@StockChartsTV @CNBC @markets

❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

–––––
ℹ️ ABOUT STOCKCHARTS

ℹ️ ABOUT STOCKCHARTS TV
StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

[hankbank]

The QQQ’s made a super rare double dead cat bounce 🐻

[fastbusiness]

Great analysis! Thanks for making this market mess a little easier to understand.

[jmr]

Great video, David. As always very informative explaining what's happening. Appreciate it :)

[Christopher.Capital]

Ha! Thank you for reminding me about the " Pinocchio Bar " name 😂👍

[nickzivs]

Tagged the 8 EMA on SPY at fairly strong resistance and it sold off. Technicals are working nicely. The 200 SMA is so close that it feels like it's a magnet for price to test but should act as support for possibly a 1 and 4 hour (and possibly daily chart) divergent low on most momentum indicators.

[JoesInvestmentExpress]

EVERYONE seems to think the market is going to go lower and break or at least retest the prior low...when everyone has the same opinion, Mr. Market often likes to do the opposite and embarrass us all. Going to be an interesting few weeks!

[Christopher.Capital]

Along with following sector rotation, or relative strength, I also follow $SPHB and $SPLV... also growth vs value etfs of course...

[KQQLCHEV]

When the VIX surges, I buy shares of SVOL (~16% dividend, paid monthly) 😎

[titusrider]

Opened as a classic DCB but gravity quickly pancaked the cat 😅 Sure looks like you're spot on with your "Bubble-like market behavior" article, loved it ❤. How long are you anticipating this phase to last? Is it a time function or price level goal?

[gsk]

gt video. well leten about xly/xlp n distribtion of stock. thanks

[andrewweis]

shooting star under the 200 day says it all

[tennisphui]

TREN QUAN DIEM NGAN HAN HII MUC AA ./.🥱.