INTERMARKET · RS
JC Parets
As of 29 September 2026, JC Parets holds 20 current views on Headge, 15 Bullish, 5 Bearish. The latest is Bearish on SPY over 1 Week. Every view links to the original post or video.
TrendLabs. Top-down intermarket analysis, relative strength, breadth and sector leadership.
VIEWS 3
LAST PUBLISHED 2D AGO
Catch-Up
Generated 08:00 ET
The picture is unchanged: broad-market momentum has softened into September even as the average S&P 500 stock remains near a run of fresh highs. Against that caution, high-beta leadership over low volatility still points to durable risk appetite, while $QQQ’s quiet move to a new high keeps the near-term Nasdaq trend constructive.
At Generation 2 Bullish · 0 Neutral · 1 Bearish
Mix By Horizon
1 Week
1 BULL 0 NEUT 1 BEAR
1 Month
0 BULL 0 NEUT 0 BEAR
1 Year
1 BULL 0 NEUT 0 BEAR
Held
SPY
BEARISH
The average S&P 500 stock has reached new all-time highs for four consecutive months, while September is on pace to be the first decline since March. Week Positioning & Vol
BULLISH
High-beta stocks have reached a record relative high versus low-volatility shares, a hallmark of a healthy bull market and sustained risk appetite. Year QQQ
BULLISH
Nasdaq 100 reached a new all-time high this week in an unusually quiet advance, reflecting continued upward price momentum. WeekA daily catch-up of talking heads, in fifteen minutes.
Sentiment Graph
Today
SENTIMENT GRAPH
Current Views
ANALYSTDIRECTIONTOPICSUMMARYHORIZONFRESH
JC Parets INTERMARKET · RS BEARISH Weak
SPY The average S&P 500 stock has reached new all-time highs for four consecutive months, while September is on pace to be the first decline since March. DIRECTION ONLY
Week 2d JC Parets INTERMARKET · RS BULLISH Strong
Positioning & Vol High-beta stocks have reached a record relative high versus low-volatility shares, a hallmark of a healthy bull market and sustained risk appetite. DIRECTION ONLY
Year 2d JC Parets INTERMARKET · RS BULLISH Moderate
QQQ Nasdaq 100 reached a new all-time high this week in an unusually quiet advance, reflecting continued upward price momentum. DIRECTION ONLY
Week 4d JC Parets INTERMARKET · RS HIGHER Moderate
Positioning & Vol Nasdaq-100 market breadth is weak despite the equally weighted index sitting only 2.5% below a new all-time high. DIRECTION ONLY
Week 6d JC Parets INTERMARKET · RS HIGHER Moderate
Positioning & Vol Equity-market participation remains sufficiently underinvested, reducing concern that the ongoing bull market has reached an excessively crowded and vulnerable position. DIRECTION ONLY
Year 8d JC Parets INTERMARKET · RS LOWER Moderate
Positioning & Vol Individual investor sentiment has reached its fewest bulls and most bears in over a year while the S&P 500 sits less than 1.5% from an all-time high. DIRECTION ONLY
Week 11d JC Parets INTERMARKET · RS BEARISH Moderate
NKE Nike has fallen 80% as younger consumers no longer know or care about Michael Jordan, undermining the brand’s relevance. DIRECTION ONLY
Year 13d JC Parets INTERMARKET · RS BULLISH Moderate
SPY The stock market is unlikely to suffer the widely anticipated selloff on Monday, favoring a near-term upside or resilient response instead. DIRECTION ONLY
Week 16d JC Parets INTERMARKET · RS BEARISH Moderate
XLP Consumer staples are making new all-time lows relative to the S&P 500, consistent with continued underperformance while markets remain healthy. DIRECTION ONLY
Month 16d JC Parets INTERMARKET · RS BULLISH Strong
SPY Stocks at interest-rate levels last seen in fall 2023 present a similar buying opportunity rather than a materially different market backdrop. DIRECTION ONLY
Month 16d JC Parets INTERMARKET · RS BULLISH Moderate
AI AI should be embraced rather than avoided, maintaining a constructive long-term stance toward artificial intelligence despite bearish media coverage this morning. DIRECTION ONLY
Year 16d JC Parets INTERMARKET · RS BULLISH Moderate
QQQ $QQQ’s three-month pause without a new high is a well-deserved consolidation within an ongoing uptrend rather than a bearish setup. DIRECTION ONLY
Month 19d JC Parets INTERMARKET · RS BULLISH Moderate
XLE Energy stocks offer a way to profit from higher energy costs in America, supporting a constructive long-term stance on the sector. DIRECTION ONLY
Year 19d JC Parets INTERMARKET · RS BEARISH Moderate
HOOD $HOOD’s 24/7 stock tokens, including speculative memecoin pairings, are contributing to bubble-like conditions enabled by the SEC’s market structure. DIRECTION ONLY
Year 20d JC Parets INTERMARKET · RS BULLISH Strong
GLD Gold’s long-term Fibonacci extensions, measured from the 1979 and 2011 peaks, indicate an upside path toward prices above $7,000. LEVELS · TARGET 7000
Year 23d JC Parets INTERMARKET · RS BULLISH Moderate
XLF Financials closed the week near another new all-time high, reinforcing the sector’s constructive near-term price trend and continued leadership. DIRECTION ONLY
Week 23d JC Parets INTERMARKET · RS BULLISH Moderate
NVDA $NVDA is working toward its highest weekly close in history, signaling continued near-term upside momentum and a constructive technical trend. DIRECTION ONLY
Week 24d JC Parets INTERMARKET · RS BULLISH Moderate
ZCSH Zcash has shown impressive relative strength versus the broader crypto market, supporting a constructive price outlook over the coming weeks. DIRECTION ONLY
Week 25d JC Parets INTERMARKET · RS BULLISH Strong
IGV $IGV momentum thrust is an exceptionally bullish signal for software, pointing to favorable conditions and sustained upside potential ahead. DIRECTION ONLY
Year 28d JC Parets INTERMARKET · RS BULLISH Moderate
SPY The S&P 500 is up 18% during a historically weak midterm-year stretch, while nearly every sector remains positive despite the seasonal headwind. DIRECTION ONLY
Year 30d
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