Wednesday, January 7, 2026 |
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All-Time Highs Everywhere You Look We kicked off the year strong, and risk appetite remains front and center. Everything is working. Offensive groups are leading the charge, all pushing to new highs. Even internationally—Europe, Asia, and Latin America are looking solid. Today, I want to break down U.S. sectors one by one and see which areas are confirming—or challenging—this global strength. Instead of just looking at cap-weighted sector ETFs, I like evaluating the equally weighted versions. This gives a clearer picture, avoiding the risk of a single giant component driving the whole index higher. Let's start with Technology $RSPT. |
Tech carries the largest weighting in the S&P 500. If technology is making new highs, it's a strong signal that major U.S. indexes are likely to follow. Next up, Financials $RSPF, which just ripped to all-time highs: |
Historically, Industrials have the highest correlation with the S&P 500 of any sector, and remain one of the clearest ways to gauge overall market health. Communications $RPSC is also worth watching: |
A big base. Price hovering just below prior cycle highs. Do you think it won't follow the rest? I don't. A breakout here is the higher-probability outcome. Even laggards like Healthcare $RSPH are joining the party. |
Some sectors have been slow to move, building long bases over time. Now, they're finally catching up to the leaders, showing broad participation across the market. All of this points in one direction: bulls remain in control. The evidence says we should spend our time looking for stocks to buy, not hunting for stocks to sell. Offense is on the field, and as long as these highs hold, the bulls clearly call the game. The Chart Summit is back, bringing together the top technicians shaping how markets are read right now. I'll be showing how we use our Top/Down Approach to find the best investment opportunities. Seats are limited, so grab your spot now — see you there! Alfonso De Pablos, CMT Director of Research, All Star Charts |
Alfonso De Pablos, CMT | Director of Research, All Star Charts |
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