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