Newsletters Test
Subscribers to CappThesis receive dependable, thoughtful and succinct analysis throughout each week.
Morning Trends

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

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

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

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

No Bounce
Topics Reviewed: 1- SPX’s performance 2- Patterns 3- Breadth 4- Sector ETFs: XLV Healthcare 5- Healthcare...
Morning Trends

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

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

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

Second Straight Big Monday Decline
Topics Reviewed: 1- SPX’s performance2- Patterns3- Breadth4- Sector ETFs: XLY Con Discr and XLF Financials5-...
Morning Trends

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

Week Ending 12/02/22
Topics Covered: 1- SPX’s current comeback vs. others since 20092- Breadth3- NDX4- XLP Consumer Staples5-...
Morning Trends

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

Slow Start… for Some
Topics Reviewed: SPX’s Performance, patterns, breadth, XLP Consumer Discretionary, XRT Retail, ZROZ...
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...
Morning Trends

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

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

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

Another 1% Decline
Topics Reviewed: SPX’s Performance, patterns, breadth, XLP Consumer Staples, XLV Healthcare, XLI Industrials,...
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...
PostScript

Week Ending 11/25/22
Topics Covered: SPX, Seasonality, Breadth, DJIA, Sector ETFs above their August Highs, XLV, MTUM, XME,...
Read MoreMorning Trends

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

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

Big Moves are Back
Topics discussed in today’s video are the SPX’s performance, Breadth, Patterns, XLK, XLI, XLP,...
Morning Trends

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

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

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

Week Ending 11/18/22
Topics Covered: SPX’s weekly moves smaller than +/-1%, Thanksgiving Week performance, Breadth, IWC, XLY,...
Morning Trends

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

Down but Not Out
Topics Reviewed: SPX’s Performance, patterns, breadth, XLK, AAPL, MSFT, biggest moves from the lows...
Morning Trends

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

Quietly Testing Important Levels
Topics Reviewed: SPX’s Performance, patterns, breadth, XLE, VEU (world, ex-US), TLT, ZROZ, ARKK, MSOS,...
Morning Trends

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

Market Update 11/15/22
Topics discussed into today’s video include: SPX’s +5% weeks now vs. 2009, Breadth, Patterns now...
Morning Trends

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

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

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

Two Critical Days
Key Points: 1- Combined, the SPX’s total moves of 10/13 and 11/10 = +11.1% or 83% of the total +13.3%...
Read MoreLast Licks

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

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

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

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

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

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

Market Update 11/3/22
Topics Reviewed in Today’s Video SPX’s +8% months – now vs. 1974, SPX’s consecutive...
Morning Trends

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

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

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

Last Licks: Slow Start
Topics Reviewed: SPX, Patterns, Breadth, RSP, XLI, FDN, QQQ, IGV, XLC, ZROZ, EWW, ILF, GDX and ETF Relative...
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...
Morning Trends

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

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

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

Red & Green
Topics Reviewed: SPX, RSP, Patterns, Breadth, XLC, UUP, OIH, TAN, SIL, UGA, AAPL, AMZN, XOM, CVX,...
Morning Trends

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

Market Update 10/25/22
Topics Discussed in Today’s Video: SPX’s pattern breakouts, key resistance, comparing this...
Morning Trends

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

SPX 3,800
Topics Reviewed: SPX, Patterns, Breadth, XLV, OIH, UGA, 20-Day highs, JO, UNG, Relative Volume, FXI,...
Morning Trends

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

Week Ending 10/21/22
Topics Covered: SPX’s +4% weekly moves, QQQ, XLE, MTUM, XBI, ON, KMX, EIDO, ZROZ, URA & US...
Morning Trends

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

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

Mini Streak Over; New SPX Pattern
Topics Reviewed: SPX, Patterns, Breadth, XLE, UUP, IGE, SMH, XBI, JETS, Relative Volume 1-Performance...
Morning Trends

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

Market Update 10/18/22
Topics Discussed in Today’s Video: SPX pattern update, past 2022 rallies, 9-wk streak of +/-1%...
Morning Trends

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

Gap & Hold
Topics Reviewed: SPX, Patterns, Breadth, XLY, UUP, OIH, XOP, ETFs making new lows, TUR, Relative Volume...
Morning Trends

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

Week Ending 10/14/22
Topics Covered: SPX’s 9 straight +/-1% weekly moves, NDX, XLV, IWP SMH, CPB, MPWR, TUR, ZROZ, SLV,...
Morning Trends

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

Brief Market Update
SPX The opening sell off put the SPX within 16 handles of the 3,475 downside target. Apparently, that...
Morning Trends

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

Pre-CPI Calm (Video)
Topics Discussed in Today’s Video: SPX Performance, Patterns, Breadth, SLYG, XLE, XLU, TAN,...
Last Licks

Pre-CPI Calm
Topics Reviewed: SPX Performance, Patterns, Breadth, SLYG, XLE, XLU, TAN, XLF, SIL, Relative Volume...
Morning Trends

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

Still Searching for a Bid
Topics Reviewed: SPX Performance, Patterns, Breadth, SLYV, XLRE, New 52-week lows, SMH, MSOS, Relative...
Morning Trends

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

Four Straight Losses... Again
Topics Reviewed: SPX Performance, Patterns, Breadth, NDX, XLE, MSOS, KWEB, BAL, New Lows and Laggards,...
Morning Trends

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

Week Ending 10/7/22
Topics Covered: SPX performance, breadth, MDY, XLE, DVY, KIE, WYNN, SEDG, VEU, 10-Year Yield, Crude Oil,...
Breaking Out

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

Quiet Fade, but Not in Everything
Topics Reviewed: SPX Performance, Patterns, Breadth, SPYV, XLE, Top Performers since 9/26, OIH,...
Morning Trends

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

Battling After the Surge
Topics Reviewed: SPX Performance, Patterns, Breadth, XLE, CORN, OIH, TAN, SMH, UUP, Relative Volume...
Morning Trends

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

Follow Through... Found
Topics Reviewed: SPX Performance, Patterns, Breadth, XLF, Two-Day Leaders, UUP, ARKK, USO, SIL, Relative...
Morning Trends

Key Points: 1-The last time we saw a gain the day after a 2% advance was late July (7/27-28), as the...
Breaking Out

Round Two (Video)
In today’s video, we review tonight’s Last Licks’ report, “Round Two,”...
Last Licks

Round Two
Topics Reviewed: SPX Performance, Patterns, Breadth, XLE, XLU, XLY, Leaders, EWZ, UUP, SLV, UNG Relative...
Morning Trends

Key Points: 1- The SPX’s -9.3% loss was the 17th monthly decline of at least -9% since 1970. The...
PostScript

September and Q3
Topics Covered: Full September and 3Q review Plus: SPX: consecutive monthly losses, monthly and quarterly...
Morning Trends

Key Points: 1-The prior four times the SPX broke below a previous low in 2022, the SPX fell an additional...
Breaking Out

Not Yet... (Video)
Last Licks

Not Yet...
Topics Reviewed: SPX Performance, Patterns, Breadth, SPYV, XLE, XEL, PBW, XRT, UUP & SPX, PALL....
Morning Trends

Key Points: 1– 2% gains that happened AFTER preceding big downturns in 2022 have yielded the BEST...
Last Licks

Bounce
Topics Reviewed: SPX Performance, Patterns, MDYG, Breadth, Sector ETFs, UUP, TNX, GDX, SIL, today’s...
Morning Trends

Key Points: 1- The SPX is down six straight days. Since 1990, there were 24 prior losing streaks of...
Last Licks

6 Straight Losses
Topics Reviewed: SPX Performance, vs. 200-Day MA, Patterns, Breadth, SPYG, MDYG, XLE, XLU, ZROZ, XBI,...
Morning Trends

Key Points: 1 – The SPX is NEAR major support after a sizable, unceasing downturn. 2- There were...
Last Licks

SPX Holds Lows, While Many Others Fail
Topics Reviewed: SPX Performance, Patterns, Breadth, SLYV, XLRE, UUP, FXB, KWEB, JO, GXG, Relative Volume...
Morning Trends

Key Points: 1- Last week, the SPX logged its fourth weekly decline of at least -3% in the last five weeks. ...
PostScript

Week Ending 9/23/22
Topics Covered: SPX, DJIA, XLE, VTI, GIS, APA, EWZ, IGOV, URA, UUP, Bitcoin, WEAT, MSOS, Breadth 5-Day...
Morning Trends

Key Points: 1-SPX: Being oversold in a downtrend is a MUCH different scenario vs. being oversold in an...
Morning Trends

Key Points 1-The SPX logged its 2nd straight 1% decline yesterday. The last time it experienced a -1%...
Last Licks

Red Reaction
Topics Reviewed: SPX Performance, Patterns, Breadth, SPYG, XLC, EWZ, ZROZ, SLV, UUP, PEJ, JETS, EEM,...
Morning Trends

Key Points: 1-The SPX currently is trading in its fifth multi-week downward sloping trading channel in...
Last Licks

Pre-FOMC Downside Pressure
Topics Reviewed: SPX Performance, Patterns, Breadth, MDYG, XLK, AAPL, WEAT, CORN, PSP, CUT, EWD, Relative...
Morning Trends

Key Points: 1- Both of the SPX’s bearish patterns remain “alive,” but the immediate downside follow-through...
Last Licks

Treading Water
Topics Reviewed: SPX Performance, Patterns, Breadth, MDY, XLRE, PALL, EWZ, IYT, MSOS, UGA, SOCL, XLC,...
Morning Trends

Key Points: 1- Last week, the SPX endured its third 3% weekly loss in the last four weeks for the first...
Morning Trends

Key Points: 1-The SPX has had two 1% declines so far this week. The index only has logged THREE or more...
Morning Trends

Main Points: 1-After losses of at least -1%, the SPX has followed with a 1% gain the next day just three...
Last Licks

Holding Support... For Now
Last Licks: Holding Support… For Now Topics Reviewed: SPX Performance, Patterns, Breadth, Style,...
Morning Trends

Main Points: Three reasons why the SPX remains in a long-term downtrend:1-More bearish patterns are working...
Last Licks

Sea of Red
Topics reviewed: SPX Performance and Patterns, NDX, Breadth, Style VIX, XLC, UUP, Bond ETFs, ETF...
Morning Trends

Main Points: 1-After Monday, the index now has logged gains of at least 1% in three of the last four...
Last Licks

Streaking
1-Performance The SPX gained ground for the 4th straight day today, matching the four day winning...
Subscribe Today
Subscribers to CappThesis will receive dependable, thoughtful, authentic and succinct analysis throughout each week.