Big Uptrend. Tech Momentum Fading | Katie Stockton on the Rotation Investors Are Missing

Katie Stockton of Fairlead Strategies joins Excess Returns to break down the current technical setup for the S&P 500, Nasdaq 100, mega-cap tech, market breadth, sector rotation, international stocks and gold. We discuss why short-term momentum has weakened, what would confirm a more serious breakdown, how investors can use technical analysis for risk management, and where breakouts are appearing outside the AI and semiconductor trade.
Katie Stockton on X
x.com/StocktonKatie
Fairlead Strategies
fairleadstrategies.com
Fairlead Funds
fairleadfunds.com
Main topics covered
• Why the S&P 500 is still in a long-term uptrend but showing short-term momentum loss

• How Katie defines overbought and oversold using the stochastic oscillator

• Why the March monthly MACD sell signal became an unusual whipsaw

• What the QQQs and Nasdaq 100 are saying about technology leadership

• How investors can use stop losses, hedges and moving averages to manage risk

• Why the market has held up despite underperformance in the Magnificent Seven

• The difference between market breadth and market leadership

• Why sector rotation is improving in healthcare, industrials, utilities, insurers and biotech

• How sentiment indicators like the VIX and Fear and Greed Index fit into market timing

• How the Fairlead Tactical Sector ETF uses trend following, sector rotation, Treasuries and gold

• What the charts are saying about emerging markets, developed international stocks and the U.S.

• Why gold has moved from a strong bull market into a more tactical trading environment

Timestamps
00:00 Intro
00:58 Why the S&P 500 is losing short-term momentum
05:04 How overbought conditions can reset without a major decline
08:39 Why whipsaws make confirmation so important
12:02 What the QQQs are saying about technology leadership
16:51 How to manage risk with stop losses and hedges
20:07 Why the market held up despite Mag Seven weakness
23:49 How market breadth differs from market leadership
28:14 What sentiment indicators are saying about investor positioning
32:58 Why the market is in a technical void
36:00 Sector rotation beyond technology and semiconductors
40:54 How the Fairlead Tactical Sector ETF manages drawdowns
46:05 What international stock charts are saying versus the U.S.
50:13 Why markets have been resilient despite geopolitical risk
52:05 What the chart of gold is telling investors now