Market Foundation Showing CRACKS! (2024)

StockCharts TV
StockCharts TV
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Published 2024-07-09
07.09.24: Julius de Kempenaer, creator of RRG Charts, continues to look at the narrowing market breadth and puts things into (another) perspective. The conclusion remains the same: it's a Risk-ON market, but the Risk is BIG.

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00:00 - Welcome
01:38 - S&P 500 Sector RRG
04:37 - Breadth New 52-Week Highs ($NYHGHW)
06:56 - S&P 500 Index ($SPX)
08:54 - Market Foundation = Risky
15:01 - Unmasking Market Moves
17:09 - International Stock Market Indices RRG
19:25 - Risk On Market BUT ...

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All Comments (18)
  • @StockChartsTV
    👀 See what better financial charting can do for you! Start your FREE 1-month trial today at 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: tinyurl.com/wvet7qj
  • @gurkansisman4097
    Thank You for the very helpful insights ! I love using the RRG ;-) The tech sector (with the FANG at the top) is obviously driven by the AI frenzy that is very priced in into most stocks I think. I asked AI (Gemini):At which point is currently the AI hype cycle ? Answer: "The current point in the AI hype cycle is most likely between the Trough of Disillusionment and the Slope of Enlightenment. Here's a quick recap: Hype might be fading: There's less focus on sensational claims and more on practical applications, suggesting a shift towards realistic expectations. Past cycles (Gartner's model): Past AI hype cycles indicate progress towards wider adoption after the initial peak. This means we're likely moving from inflated expectations to a more balanced understanding of AI's potential and limitations. This is a positive development for responsible AI development and integration" So quite coherent with that what you said. It would be interesting to know how the market makers are surfing the current high waves.
  • @Orizzodos70
    Great video Julius - we are going into euphoria and the party will continue til someone gets a hangover
  • @stevekittredge6221
    Always walk away from your videos with confidence to manage my plan. Enjoy your post renovation home.
  • @ramones669
    Wow! Now that's some serious cracks on the foundation of your house! Fortunately you checked it in time By the way, great comparison of it with the current market situation Good stuff as always Julius Stay safe and have a nice week
  • @austintexas1185
    great content Julius. Great comparison of your house foundation and the current market. Good luck with the remodelling
  • @mehrdadmithra9591
    Thank you. Very well review of the market; better to not think market is better/worse than what it is. As a motorcyclist better to think helmet does not save you, seeing what may be coming in the wrong direction (and fast!) may save your helmet 🔭
  • @paulvic8592
    haha.. really like the building foundation analogy, brilliant. Cant remember who it was that said (was one of the old greats/masters) "when the market is weak, look for those stocks that refuse to go down". Is there a way to identify these using RRG for the "future" shopping list, or point me to the relevant blog please. Many thanks Julius
  • @TerryPitman
    Thank you so much Julius! Appreciate the global indexes comparison very much. Nice to see pictures of your ongoing renovation, hope it all goes well and quick. If you have some conference at your ranch let us know!
  • @cedykeman1
    Great show Julius. I'm sorry about your house. I'm hoping the lack of broad market advancement is like a compressing coil and bust out of it's gloom. Keeping an eye on rotation here in Denver, Colorado.