The Traders Journal

My Daily Five: Changing Tides In The S&P Groups, VTI At Key Price Levels, Breadth Improving and Offense Leading


What a way to start the week! Yesterday afternoon, I had the pleasure of hosting "Your Daily Five", our latest series on StockCharts TV where we bring you a concise, action-packed daily rundown of the five most important charts that you need to be watching. Weekdays at 1:00pm ET, each day features a new host, which means five top charts and key insights from a different seasoned technician every single day of the week.

I kicked off this week on yesterday's show with five of my top charts for the current climate. I took a look at the substantial multi-year divergence that we've seen between the S&P Large, Mid and Small Cap groups, but discussed how the tides are beginning to change with mid- and small-caps starting to lead.

I also looked at key price levels for the Vanguard Total Index (VTI), shared my take on the improving but "not-quite-there-yet" breadth picture for the NYSE, S&P 500 and NASDAQ, and dove into the XLY:XLP ratio (Discretionary vs. Staples) to show how markets are beginning to favor offense.

Be sure to catch the recording of yesterday's "Your Daily Five" episode below!

Money In, Eyes Open.

- Grayson Roze

VP of Operations,

Author, Trading for Dummies (Wiley, 2017)

Author, Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016)

Grayson Roze
About the author: is the author of Trading for Dummies (Wiley, 2017) and Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016). He is also the Vice President of Operations at and the co-founder of Stock Market Mastery. Grayson speaks regularly at investment seminars across the country, including to organizations such as the CMT Association and the American Association of Individual Investors (AAII). He holds a Bachelor's degree from Swarthmore College, where he studied Economics and Psychology. Learn More
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