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 Xhttps://x.com/StocktonKatieFairlead Strategieshttps://www.fairleadstrategies.com/Fairlead Fundshttps://www.fairleadfunds.com/Main topics coveredWhy the S&P 500 is still in a long-term uptrend but showing short-term momentum lossHow Katie defines overbought and oversold using the stochastic oscillatorWhy the March monthly MACD sell signal became an unusual whipsawWhat the QQQs and Nasdaq 100 are saying about technology leadershipHow investors can use stop losses, hedges and moving averages to manage riskWhy the market has held up despite underperformance in the Magnificent SevenThe difference between market breadth and market leadershipWhy sector rotation is improving in healthcare, industrials, utilities, insurers and biotechHow sentiment indicators like the VIX and Fear and Greed Index fit into market timingHow the Fairlead Tactical Sector ETF uses trend following, sector rotation, Treasuries and goldWhat 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 environmentTimestamps00:00 Intro00:58 Why the S&P 500 is losing short-term momentum05:04 How overbought conditions can reset without a major decline08:39 Why whipsaws make confirmation so important12:02 What the QQQs are saying about technology leadership16:51 How to manage risk with stop losses and hedges20:07 Why the market held up despite Mag Seven weakness23:49 How market breadth differs from market leadership28:14 What sentiment indicators are saying about investor positioning32:58 Why the market is in a technical void36:00 Sector rotation beyond technology and semiconductors40:54 How the Fairlead Tactical Sector ETF manages drawdowns46:05 What international stock charts are saying versus the U.S.50:13 Why markets have been resilient despite geopolitical risk52:05 What the chart of gold is telling investors now