The Market is Rotating - Where’s the Money Flowing Now?

Large-cap tech continues to drive the S&P 500 higher, but, beneath the surface, market leadership is narrowing. Frank Cappelleri breaks down where money may be rotating next and which sectors are starting to set up. Frank analyzes the market’s next phase as leadership narrows and rotation quietly becomes the focus. He explains how large-cap tech—especially semiconductors—has driven the S&P 500 higher even as breadth has weakened. Frank highlights emerging setups in energy, financials, and pharmaceuticals, along with bullish patterns that signal where capital may shift next. He also reviews commodities and crypto as potential confirmation areas, outlining what needs to happen for the rally to broaden and sustain. 📬 Sign up for CappNotes: https://cappnotes.substack.com 00:00 - Welcome 00:39 - S&P 500 $SPX Patterns 04:17 - GoNoGo Trend 05:56 - Longer Term 07:35 - Breadth 11:52 - Commodities SECTORS 14:24 - XLE vs. SPX, XLI, XLF 18:54 - PJP, IGV, Bitcoin, ETH 👀 See what better financial charting can do for you! https://stockcharts.com/?utm_source=YouTube&utm_medium=Organicvideo&utm_campaign=FrankCappelleri&utm_content=050626 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: https://tinyurl.com/wvet7qj @StockChartsTV @cappthesis #frankcappelleri #stockcharts 👍🏻 FOLLOW US X - @StockCharts - https://x.com/stockcharts Facebook - https://www.facebook.com/stockchartsdotcom LinkedIn - https://www.linkedin.com/company/stockcharts.com-inc. ❗️DISCLAIMER Past performance is not indicative of future results. Neither the Show Participants nor StockCharts.com guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the show. 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 StockCharts.com is the world's leading technical analysis and financial charting platform. Trusted by millions of online investors around the world, the company has been an industry leader in the financial technology space for more than two decades. With innovative, award-winning charting and analysis tools, our mission is to help you better analyze the markets, monitor and manage your portfolios, find promising new stocks and funds to buy, and ultimately make smarter investment decisions. 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.