As of 28 September 2026, David Keller holds 20 current views on Headge, 11 Bullish, 1 Neutral, 8 Bearish. The latest is Bullish on SPY over 1 Week. Every view links to the original post or video.
CMT, Sierra Alpha Research. Daily Final Bar close-of-day show. Dense with explicit levels.
The picture is unchanged: weak breadth, a rising-rate backdrop and bearish signals in the S&P 500 and Bitcoin keep the broader technical setup cautious, even as deeply negative short-term participation leaves room for a tactical bounce. Strength remains selective in healthcare, AI-led growth, cybersecurity, semiconductors and energy, while financials, discretionary, utilities, real estate and several large consumer names remain under pressure. The key confirmation would be a recovery in breadth and S&P momentum; until then, index upside looks constrained despite pockets of leadership.
The S&P 500 would enter a bullish momentum phase if RSI breaks above 60, with price breakouts confirmed by that threshold often leading to sustainable advances. Week
Short-term market breadth is deeply negative and could support a tactical bounce if participation recovers above 30%, though the broader breadth picture remains negative until further improvement. Week
$JBL remains neutral between a declining 50-day average and rising 200-day average; a sustained break above the 50-day would turn bullish, while losing the 200-day would be bearish. Week
$TMO has powered above resistance near 630 and continued higher, with strong follow-through and relative strength supporting the ongoing uptrend. Month
AI leadership remains strong enough that standing in front of the trade is painful, with technology and mega-cap growth continuing to dominate market rotation. Year
Consumer discretionary has generally been struggling, with constructive charts difficult to find and weakness prevailing across most of the sector. Month
Materials are leading sector performance as precious metals strengthen and copper prices move higher, reinforcing the group’s relative leadership. Week
$NOC is rotating lower through a technical breakdown, extending persistent weakness across defense stocks and underscoring the group’s poor relative performance. Month
$DELL is pulling back sharply despite having been among technology’s better charts, declining 4.6% during the session and weakening its near-term technical setup. Week
Technology is showing upside follow-through, led by semiconductor names despite uneven performance across the broader sector and only modest gains elsewhere. Week
Silver accelerated higher through the trading day, restoring precious metals to a position of technical strength within the broader materials advance. Week
Industrials face persistent weakness as transports, trucking, freight, and delivery names rotate lower through varying degrees of technical breakdown. Month
Applied Materials is bouncing from its 200-day moving average after a downtrend marked by lower highs, lower lows, weak RSI, and declining relative performance. Week
CrowdStrike has maintained a strong technical configuration, with higher highs, higher lows, positive momentum, and exceptional relative strength over the last three months. Week
Fortinet is continuing a primary uptrend, distinguishing its technical configuration from technology stocks merely rebounding from depressed levels. Week
Market breadth has deteriorated through September, with declining advance-decline, 50-day participation, bullish-percent, and offense-versus-defense measures failing to confirm new highs. Month
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BearBullDisc: Bull, Neutral, Bear Share · Frame: Mean Sentiment · Edge: One View
The S&P 500 would enter a bullish momentum phase if RSI breaks above 60, with price breakouts confirmed by that threshold often leading to sustainable advances.DIRECTION ONLY$SPY
Short-term market breadth is deeply negative and could support a tactical bounce if participation recovers above 30%, though the broader breadth picture remains negative until further improvement.DIRECTION ONLY
$JBL remains neutral between a declining 50-day average and rising 200-day average; a sustained break above the 50-day would turn bullish, while losing the 200-day would be bearish.DIRECTION ONLY
$TMO has broken above resistance with strong follow-through and improving relative strength, signaling health-care leadership despite a weak broader market.DIRECTION ONLY
The 10-year yield is approaching 5.2% above its 2023 high, and the prevailing trend remains higher despite 5% appearing to be resistance.LEVELS · RESISTANCE 5.2$TLT
The S&P faces limited meaningful upside until market breadth improves, as roughly twice as many NYSE stocks declined as advanced beneath a flat index.DIRECTION ONLY$SPY
10-year Treasury yields are approaching 5.2%, signaling continued near-term pressure on long-duration Treasury prices as breadth deteriorates beneath a flat S&P 500.LEVELS · RESISTANCE 5.2$TLT
Walmart faces further downside potential if it breaks below its lower trend line, completing a bear flag pattern after its recent advance.DIRECTION ONLY$WMT
$ILMN remains in a classic uptrend with a strong chart, standing out as a long-and-strong healthcare name amid limited market leadership.DIRECTION ONLY
$DHR broke above 220 this week and is showing upside follow-through, supported by strong relative strength over the last three months.LEVELS · RESISTANCE 220
The dollar is strengthening as rates continue pushing higher, reinforcing the current upside move in the greenback across currency markets.DIRECTION ONLY$DXY$UUP
$TMO has powered above resistance near 630 and continued higher, with strong follow-through and relative strength supporting the ongoing uptrend.LEVELS · RESISTANCE 630
Market breadth remains increasingly negative, signaling risk-off conditions and a limited equity opportunity set despite stable major indexes.DIRECTION ONLY
The S&P 500 has limited meaningful upside while breadth remains weak, with long-term indicators below levels consistent with bull markets.DIRECTION ONLY$SPY
Natural gas prices continue accelerating higher as colder winter heating demand approaches, creating a potential cost pressure for consumers.DIRECTION ONLY$UNG
Crude oil retains bullish momentum after a reversal, moving above its 38.2% retracement and heading back toward $100 per barrel.LEVELS · TARGET 100$USO
$GLD looks vulnerable after breaking below its 50-day moving average, with a drop below 388 to 390 signaling a negative breakdown.LEVELS · SUPPORT 388 · SUPPORT 390
Long-duration Treasuries face further downside as the 10-year yield pushes above 5% and could rise beyond recent ceiling levels.LEVELS · RESISTANCE 5$TLT
10-year Treasury yields remain in a technical uptrend after breaking above 5%, implying further pressure on long-duration Treasury prices.LEVELS · RESISTANCE 5$TLT
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