The Traders Journal

My Daily Five: The Ultimate S&P 500 Chart And Four Strong Setups From This Week's "10 I'm Stalking"

Grayson Roze

Grayson Roze

Director of Operations, StockCharts.com

It's always a true pleasure to kick off the week by hosting a new episode of "Your Daily Five". I've said it before and I'll say it again – this is without a doubt one of my favorite shows of the many we're running these days on StockCharts TV. With a different host every day of the week, the show delivers a concise, action-packed daily rundown of the five most important charts that you need to be watching, always with a new perspective and a bucket full of insights from some of the most skilled technicians out there.


Check out today's edition of "Your Daily Five" below:



On today's edition, I got us going with what I call my "Ultimate S&P 500 Chart". In addition to a look at the price action on the index, the chart includes eight of the key market metrics that I watch closely every week:

  • Breadth (Percentage of S&P 500 stocks above their 200-day Moving Average)
  • Offense vs. Defense (XLY:XLP)
  • Growth vs. Value (SPYG:SPYV)
  • Momentum vs. the S&P 500 (MTUM:SPY)
  • Large Caps vs. Mid Caps (SPY:MDY)
  • Large Caps vs. Small Caps (SPY:SLY)
  • S&P 500 Equal Weight vs. Cap Weight ($SPXEW:$SPX)
  • Stocks vs. Bonds (SPY:TLT)

After a quick review of where we stand on one of the market's most important indexes, I dove into a few individual ideas from this week's "10 I'm Stalking" list. If you follow me on Twitter, you probably know that every Sunday, I put out a list of 10 setups I'm watching closely. So on this week's show, I highlighted a few specific stocks that not only look strong technically, but also tick some of my top "Theme Trade" boxes – cybersecurity, streaming and digital payments. When I see a stock that fits into a clear business theme that I'm bullish on AND it starts to show technical strength on the chart, I pay very close attention. On today's show, I took a closer look at four examples:

CRWD - Crowdstrike

ROKU - Roku

RPD - Rapid7

V - Visa


Money In, Eyes Open.

- Grayson Roze

VP of Operations, StockCharts.com

Author, Trading for Dummies (Wiley, 2017)

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

StockMarketMastery.com

@GraysonRoze


Chart on, my friends.

Grayson Roze

Grayson Roze
About the author: is the author of Trading for Dummies and Tensile Trading: The 10 Essential Stages of Stock Market Mastery. He is also the Director of Operations at StockCharts.com 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