This Market Rally Faces A Big Test

After a powerful rally pushed major indexes higher, new challenges are starting to emerge. Tom Bowley explains what options expiration, semiconductor weakness, and shifting market leadership could mean for stocks in the weeks ahead. Negative divergences are beginning to appear in several key areas of the market just as options expiration and Fed uncertainty add new pressure. Tom reviews the key support levels he's watching, explains why semiconductors remain a critical group to monitor, and discusses whether the market is entering a period of summer consolidation after its recent advance. 👉🏻 Sign up for Tom's FREE Newsletter: https://earningsbeats.com/sc 00:00 - Welcome OVERVIEW 07:34 - Key Indices and Sectors S&P 500 RELATIVE CHARTS 09:32 - $SPX - Relative to Defensive Groups 12:11 - $SPX - Relative to Aggressive Groups INDUSTRY GROUPS RELATIVE 14:02 - Electrical Components $DJUSEC S&P 500 HISTORICAL 17:35 - Pre-Earnings Run Ups SEMICONDUCTORS 20:25 - SOXX Negative Divergence STRONG EARNINGS CHARTLIST 22:14 - MRNA, NAVN, PRCH, GEV ➡️ Looking for StockCharts tutorials and platform education? Visit @StockCharts-com 👀 See what better financial charting can do for you! https://stockcharts.com 👍🏻 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 #tombowley #earningsbeats #stockcharts @EarningsBeats 👍🏻 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.