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Subscribers to CappThesis receive dependable, thoughtful and succinct analysis throughout each week.

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January 20, 2023

Morning Trends

Key Points: 1-The SPX endured its first three-day loss of 2023 yesterday.  2-The SECOND long losing streak...

Pro
January 19, 2023

Breaking Out

SPX 3,900

Topics reviewed in tonight’s video: 1-Dumb Money Indicator 2- SPX Patterns 3- Index Breadth 4-...

January 19, 2023

Morning Trends

Key Points: 1- The SPX’s 1.6% decline yesterday negated the latest bullish pattern. 2- Whether we’re...

Pro
January 18, 2023

Last Licks

Three Important Chart Formations

Topics Reviewed:  1- SPX’s performance 2- Breadth 3- Three important chart formations 4- Sector ETFs:...

Pro
January 17, 2023

Last Licks

Split Decision

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLB & XLC 5- NDX 7-day...

January 17, 2023

Morning Trends

Key Points: 1- The SPX is coming off its best two-week showing (+4.1%) since the two-week period ending...

Pro
January 16, 2023

PostScript

Week Ending 1/13/23

Topics Covered: 1- SPX Two-Wk Moves of Least +4% 2- Breadth 3- NDX 100 4- XLC, XLI, XLRE 5- IWO Small...

January 13, 2023

Morning Trends

Key Points: 1-The SPX simply needs to move sideways to effectively “break” the popular long-term downtrend...

Pro
January 12, 2023

Breaking Out

Bullish Patterns

Topics Discussed: 1-Breakaway Momentum 2-SPX Key Resistance 3-SPX Patterns 4-Patterns 5-Index Breadth...

January 12, 2023

Morning Trends

Key Points: 1- In 2022, the SPX was LOWER two weeks after the CPI report 8/12 times.  2- Many times,...

Pro
January 11, 2023

Last Licks

The Bounce Continues

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLRE Real Estate 5- AMZN...

January 11, 2023

Morning Trends

Key Points: 1- The SPX’s small bearish pattern we’ve been watching was negated yesterday.  Two small...

January 10, 2023

Morning Trends

Key Points: 1- The SPX remains in the same trading range it’s been in for the last month, which began...

Pro
January 9, 2023

Last Licks

Pre-Powell Reversal

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- PJP Drugs...

January 9, 2023

Morning Trends

Key Points: 1- From a price action perspective, the SPX has a chance to do something it hasn’t accomplished...

Pro
January 8, 2023

PostScript

Week Ending 1/6/2023

Topics Covered: 1- SPX Weekly Streaks 2- Breadth 3- MDY Mid Caps 4- XLC Communication Services 5- PKW...

January 6, 2023

Morning Trends

Key Points: 1- The US Dollar’s long-term chart has suggested the current price level was a likely spot...

January 5, 2023

Morning Trends

Key Points: 1-While the SPX has remained quiet, 16 key ETFs we track made new 20-Day Highs yesterday....

January 4, 2023

Morning Trends

Key Points: 1-Tracking the frequency of large moves gives us important clues about the market’s trading...

Pro
January 3, 2023

Last Licks

Slow Start

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- META...

December 23, 2022

Morning Trends

Key Points Two overriding themes were prevalent in 2022 from a technical viewpoint: 1-The traditional...

Pro
December 22, 2022

Last Licks

Bad Start, Good Bounce

Topics Reviewed:  1- SPX Performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare, XLE Energy...

December 22, 2022

Morning Trends

Key Points: 1- The most successful bearish patterns in ’22 have taken shape soon after the SPX has come...

Pro
December 21, 2022

Last Licks

Oversold Bounce

Topics Reviewed:  1- SPX 1% gains 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- XLRE Real...

December 21, 2022

Morning Trends

  Key Points: 1- Four-day declines happening after preceding big drawdowns led to the best long set-ups...

December 20, 2022

Morning Trends

Morning Trends:  AAPL   Key Points: 1- From its late November high, AAPL now is -14%, which makes it...

Pro
December 19, 2022

Last Licks

Downside Follow Through

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLY Consumer Discretionary...

December 19, 2022

Morning Trends

Key Points: 1- The SPX is coming off its seventh two-week -5% decline of the year and the first in three...

Pro
December 18, 2022

PostScript

Week Ending 12/16/22

Topics Covered: 1- SPX -5% over 2-wks study 2- Breadth 3- NDX 4- XLE Energy and XLY Consumer Discretionary...

December 16, 2022

Morning Trends

Key Points: 1- Whatever today’s result is… it will have repercussions from a pattern perspective. ...

December 15, 2022

Morning Trends

Key Points: 1- Back and forth movement has defined the market action more than anything else going back...

Pro
December 14, 2022

Last Licks

Flat

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLC Comm Services 5- New...

December 14, 2022

Morning Trends

Key Points: 1- This is the first time in 2022 that an FOMC rate decision followed a CPI report the very...

Pro
December 13, 2022

Breaking Out

SPX 4,100

In tonight’s video, we’re reviewing: 1-SPX’s -3% weeks in ‘22 2-SPX’s -3% weeks per year 3-Performance...

December 13, 2022

Morning Trends

Key Points: 1- Even though the SPX tacked on 350 points from the close on 11/09 to its recent high on...

Pro
December 12, 2022

Last Licks

Big Moves before the Big Number

Topics Reviewed:  1- SPX’s performance 2- VIX +9%, SPX +1% on same day 3- Breadth 4- Sector ETFs: XLK...

December 12, 2022

Morning Trends

Key Points: 1- Since the day after Thanksgiving, the SPX is down 8/10 days, which turned a potential...

Pro
December 11, 2022

PostScript

Week Ending 12/09/22

Topics Covered: 1- SPX -3% weeks study 2- Breadth 3- DJIA 4- XLE Energy and XLRE Real Estate 5- IWO Small...

December 9, 2022

Morning Trends

Key Points:  1– We have two full trading days left before the CPI report, and the SPX once again...

December 8, 2022

Morning Trends

Key Points: 1– The SPX now has endured five-day declines six times in 2022.   Of the prior five,...

Pro
December 7, 2022

Last Licks

No Bounce

Topics Reviewed:  1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- Healthcare...

December 7, 2022

Morning Trends

Key Points:  1– The SPX just logged its second straight 1% decline for the 13th time this year....

Pro
December 6, 2022

Breaking Out

Two Tough Days

Topics Reviewed in Tonight’s Video: 1-SPX’s two straight 1% declines 2-Now vs. prior comeback attempts...

December 6, 2022

Morning Trends

Key Points:  1– In our Morning Trends piece from 11/25, “All Eyes on Mid-December,” we discussed...

Pro
December 5, 2022

Last Licks

Second Straight Big Monday Decline

Topics Reviewed:  1- SPX’s performance2- Patterns3- Breadth4- Sector ETFs: XLY Con Discr and XLF Financials5-...

December 5, 2022

Morning Trends

Key Points:  1– A simple and instructive way to track strength and weakness is to view 10 significant...

Pro
December 4, 2022

PostScript

Week Ending 12/02/22

Topics Covered: 1- SPX’s current comeback vs. others since 20092- Breadth3- NDX4- XLP Consumer Staples5-...

December 2, 2022

Morning Trends

Key Points:  1– The market has done two things rather well in recent weeks: capitalize on important...

Pro
December 1, 2022

Last Licks

Slow Start… for Some

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLP Consumer Discretionary, XRT Retail, ZROZ...

Pro
December 1, 2022

PostScript

After Two Straight +5% Months

Key Points 1-In today’s piece, we look at what two straight 5% months means going forward, December performance...

November 30, 2022

Morning Trends

Key Points:  1- The SPX’s current 2.2% November advance is right in line with past Novembers that have...

Pro
November 29, 2022

Breaking Out

One More Day

In tonight’s video, we’re reviewing Seasonality, Big Daily Moves, SPX Patterns, Breadth, NDX, XLU, XLK,...

November 29, 2022

Morning Trends

Key Points:  1- The SPX’s 14-Day RSI indicator just grazed the 60-area for the third time this year....

Pro
November 28, 2022

Last Licks

Another 1% Decline

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLP Consumer Staples, XLV Healthcare, XLI Industrials,...

November 28, 2022

Morning Trends

Key Points:  1- Just 4/10 of the SPX’s biggest names are up YTD (BRKB, UNH, JNJ and XOM).  7/10 of the...

November 25, 2022

Morning Trends

Key Points: 1- The final CPI report of the year will be released on Tuesday, 12/13, and the last FOMC...

November 23, 2022

Morning Trends

Key Points: 1- Since 10/13, which now spans 28 trading days, the SPX has seen an equal number of advances...

Pro
November 22, 2022

Breaking Out

Big Moves are Back

Topics discussed in today’s video are the SPX’s performance, Breadth, Patterns, XLK, XLI, XLP,...

November 22, 2022

Morning Trends

Key Points: 1- Like the SPX, the VIX has experienced multi-week swings various times this year.  The...

Pro
November 21, 2022

Last Licks

SPX Holds Again

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLU, XLP, XLV, OIH, KIE, PBJ, MGPI, PEP, Lagging...

November 21, 2022

Morning Trends

Key Points: 1-As referenced yesterday, Thanksgiving Week historically has had a positive bias, but in...

Pro
November 20, 2022

PostScript

Week Ending 11/18/22

Topics Covered: SPX’s weekly moves smaller than +/-1%, Thanksgiving Week performance, Breadth, IWC, XLY,...

November 18, 2022

Morning Trends

Key Points: 1- So far in 2022, the SPX has logged four weekly declines that did NOT undercut the prior...

Pro
November 17, 2022

Last Licks

Down but Not Out

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLK, AAPL, MSFT, biggest moves from the lows...

November 17, 2022

Morning Trends

Key Points: 1- At some point, the SPX’s steep uptrend will be challenged, which perhaps, is happening...

Pro
November 16, 2022

Last Licks

Quietly Testing Important Levels

Topics Reviewed:  SPX’s Performance, patterns, breadth, XLE, VEU (world, ex-US), TLT, ZROZ, ARKK, MSOS,...

November 16, 2022

Morning Trends

Key Points: 1- The NDX was up 1.5% yesterday, having stayed above its breakout zone now for three straight...

Pro
November 15, 2022

Breaking Out

Market Update 11/15/22

Topics discussed into today’s video include: SPX’s +5% weeks now vs. 2009, Breadth, Patterns now...

November 15, 2022

Morning Trends

Key Points: 1-In 2009, the SPX’s momentum materially shifted after logging that fourth 5% week.  This...

Pro
November 14, 2022

Last Licks

Breather

Topics Reviewed:  SPX’s performance, patterns, breadth, XLC, XLY, overbought ETFs, ETFs making new 50-Day...

November 14, 2022

Morning Trends

Key Points: 1-The SPX just logged its third week of at least +4% gains in a four-week time frame.  Since...

Pro
November 13, 2022

PostScript

Week Ending 11/11/22

Topics Covered: SPX’s +5% weeks and clusters of +4% weeks, Breadth, XLV, MTUM, GDX, ETSY, NOW, EWN (Netherlands),...

Pro
November 10, 2022

Last Licks

Green

Topics Reviewed:  SPX gains (and losses) of at least 4% since 1970, patterns, breadth, best ETFs since...

November 10, 2022

Morning Trends

Key Points: 1- The SPX has fallen on the day of the CPI report 7/10 times in 2022 through last month....

November 9, 2022

Morning Trends

Key Points: 1-The SPX just logged its 10th three-day winning streak of 2022.  The index was lower two...

Pro
November 8, 2022

Last Licks

Back & Forth

Topics Reviewed:  SPX, Patterns, Breadth, XLB, Bitcoin, GDX, SIL, ROBO, ETFs making new 52-wk highs and...

November 8, 2022

Morning Trends

Key Points:  1- The SPX now has logged 57 gains of at least 1% in 2022.  In 2017, it had FOUR 1% gains...

Pro
November 7, 2022

Last Licks

Light Upswing Continues

Topics Reviewed:  SPX, best daily ETFs, Breadth, XLU, SMH, GLD, JETS, IBB, Relative Volume 1-Performance...

November 7, 2022

Morning Trends

Key Points:  1- The SPX starts the week with no live chart patterns.  Potential bullish and bearish versions...

Pro
November 6, 2022

PostScript

Week Ending 11/4/22

Topics Covered: SPX’s 3% weekly declines in 2022, NDX, XLE, XLC, PSP, TAN, DAR, ZBH, TUR, ZROZ, SOYB,...

Pro
November 3, 2022

Breaking Out

Market Update 11/3/22

Topics Reviewed in Today’s Video SPX’s +8% months – now vs. 1974, SPX’s consecutive...

November 3, 2022

Morning Trends

Key Points: 1- The SPX’s rollover negated each of the bullish patterns we’ve been referencing. 2- It’s...

Pro
November 2, 2022

Last Licks

Reversal

Topics Reviewed:  SPX’s broken bullish patterns, SPYG, XLC, US Dollar (UUP), 10-Year Yield, GDX,...

November 2, 2022

Morning Trends

Key Points: 1- After FOMC decisions in 2022, SPX has been higher two weeks 4/6 times. 2- The index was...

Pro
November 1, 2022

Last Licks

Last Licks: Slow Start

Topics Reviewed:  SPX, Patterns, Breadth, RSP, XLI, FDN, QQQ, IGV, XLC, ZROZ, EWW, ILF, GDX and ETF Relative...

Pro
November 1, 2022

PostScript

After an 8% Monthly Gain

Key Points 1-In today’s piece, we look at what October’s 8% gain means from various perspectives.  The...

October 31, 2022

Morning Trends

Key Points: 1- With one trading day left in October, the SPX suddenly has three bullish chart patterns...

Pro
October 30, 2022

PostScript

Week Ending 10/28/22

Topics Covered: SPX’s back-to-back weekly 4% gains since 1970, DJIA, XLI, IWO, IWP, ARKK, CDAY, TMO,...

October 28, 2022

Morning Trends

Key Points: 1- The SPX’s two bullish patterns will be under pressure today, as a convincing close below...

October 27, 2022

Morning Trends

Key Points: 1- While the wiggle room has shrunk, with the SPX finishing above 3,800 again yesterday,...

Pro
October 26, 2022

Last Licks

Red & Green

Topics Reviewed:  SPX, RSP, Patterns, Breadth, XLC, UUP, OIH, TAN, SIL, UGA, AAPL, AMZN, XOM, CVX,...

October 26, 2022

Morning Trends

Key Points: 1- With the SPX pushing through 3,800 yesterday, two bullish patterns were triggered, with...

Pro
October 25, 2022

Breaking Out

Market Update 10/25/22

Topics Discussed in Today’s Video:  SPX’s pattern breakouts, key resistance, comparing this...

October 25, 2022

Morning Trends

Key Points: 1-The SPX is very close to triggering a five-week bottoming formation.  A rejection of SPX...

Pro
October 24, 2022

Last Licks

SPX 3,800

Topics Reviewed:  SPX, Patterns, Breadth, XLV, OIH, UGA, 20-Day highs, JO, UNG, Relative Volume, FXI,...

October 24, 2022

Morning Trends

Key Points: 1- The SPX just notched its tenth straight weekly move of at least 1% for only the tenth...

Pro
October 23, 2022

PostScript

Week Ending 10/21/22

Topics Covered: SPX’s +4% weekly moves, QQQ, XLE, MTUM, XBI, ON, KMX, EIDO, ZROZ, URA & US...

October 21, 2022

Morning Trends

Key Points: 1- The SPX has yet to touch the Upper Bollinger Band (UBB) on this rebound. It’s only been...

October 20, 2022

Morning Trends

Key Points: 1-The SPX has witnessed some incredible moves over the last four weeks; however, the index...

Pro
October 19, 2022

Last Licks

Mini Streak Over; New SPX Pattern

Topics Reviewed:  SPX, Patterns, Breadth, XLE, UUP, IGE, SMH, XBI, JETS, Relative Volume 1-Performance...

October 19, 2022

Morning Trends

Key Points: 1-After yesterday, the SPX now has logged two straight gains for just the fourth time since...

Pro
October 18, 2022

Breaking Out

Market Update 10/18/22

Topics Discussed in Today’s Video: SPX pattern update, past 2022 rallies, 9-wk streak of +/-1%...

October 18, 2022

Morning Trends

Key Points: 1-The SPX just logged it third straight +/-2.4% move for the second time this year.  This...

Pro
October 17, 2022

Last Licks

Gap & Hold

Topics Reviewed:  SPX, Patterns, Breadth, XLY, UUP, OIH, XOP, ETFs making new lows, TUR, Relative Volume...

October 17, 2022

Morning Trends

Key Points: 1-With the SPX still above last week’s low, the small potential bottoming formation we first...

Pro
October 16, 2022

PostScript

Week Ending 10/14/22

Topics Covered: SPX’s 9 straight +/-1% weekly moves, NDX, XLV, IWP SMH, CPB, MPWR, TUR, ZROZ, SLV,...

October 14, 2022

Morning Trends

Key Points: Below we review: What happened. What changed. What remains the same. And.. What needs to...

Pro
October 13, 2022

Last Licks

Brief Market Update

SPX The opening sell off put the SPX within 16 handles of the 3,475 downside target.  Apparently, that...

October 13, 2022

Morning Trends

Key Points: 1-The SPX has endured TWO six-day losing streaks in the last three weeks.  The last time...

Pro
October 12, 2022

Breaking Out

Pre-CPI Calm (Video)

Topics Discussed in Today’s Video:  SPX Performance, Patterns, Breadth, SLYG, XLE, XLU, TAN,...

Pro
October 12, 2022

Last Licks

Pre-CPI Calm

Topics Reviewed:  SPX Performance, Patterns, Breadth, SLYG, XLE, XLU, TAN, XLF, SIL, Relative Volume...

October 12, 2022

Morning Trends

Key Points: 1 – In 2022, the index has logged four prior five-day losing streaks.  The index was...

Pro
October 11, 2022

Last Licks

Still Searching for a Bid

Topics Reviewed:  SPX Performance, Patterns, Breadth, SLYV, XLRE, New 52-week lows, SMH, MSOS, Relative...

October 11, 2022

Morning Trends

Key Points: 1-The SPX has followed long losing streaks with strong short-term snapbacks each time in...

Pro
October 10, 2022

Last Licks

Four Straight Losses... Again

Topics Reviewed:  SPX Performance, Patterns, Breadth, NDX, XLE, MSOS, KWEB, BAL, New Lows and Laggards,...

October 10, 2022

Morning Trends

Key Points: 1- Prior to last week, there were only two times in 2022 that the SPX followed a 2.5% gain...

Pro
October 9, 2022

PostScript

Week Ending 10/7/22

Topics Covered: SPX performance, breadth, MDY, XLE, DVY, KIE, WYNN, SEDG, VEU, 10-Year Yield, Crude Oil,...

Pro
October 7, 2022

Breaking Out

Chart Rundown

Topics Discussed in order: 10 Year Yield (2) US Dollar (2) 10 Year Yield, USD & SPX SPX (8) SPX &...

Pro
October 6, 2022

Last Licks

Quiet Fade, but Not in Everything

Topics Reviewed:  SPX Performance, Patterns, Breadth, SPYV, XLE, Top Performers since 9/26, OIH,...

October 6, 2022

Morning Trends

Key Points: 1 – A change in market character always begins in the short-term work. 2 – For most...

Pro
October 5, 2022

Last Licks

Battling After the Surge

Topics Reviewed:  SPX Performance, Patterns, Breadth, XLE, CORN, OIH, TAN, SMH, UUP, Relative Volume...

October 5, 2022

Morning Trends

Key Points: 1-Going back to 1970, the SPX notched consecutive +2.5% advance 12 prior times. 2-The last...

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