Rachel Dashiell, CFP, CMT

@AmirAboulEla Worked a few hours in the morning for a couple of the days!

@RachelDashCS aren't you supposed to be at your sisters wedding? 🤣😂

Don't fight the trend.... $Semiconductors are now reaching the 300% Fib Retracement level from the Feb/March decline Momentum remains incredibly strong and confirmatory, no divergences exist yet The ADX, our trend strength gauge, is nearing 40 - indicative of an extreme trend. ADX does not show signs of rolling over yet... when this begins to peak, traders may consider closing their trend positions *Not a recommendation @SchwabNetwork @SchwabTrading

@stockmom Thank you!

@RachelDashCS Nice analysis.

$SPX is currently sitting at ATHs while the $NYSE New Lows List expands to some of the highest levels since the February correction. Leadership is becoming increasingly narrow, with index performance concentrated in fewer stocks/sectors such as $Tech, while a meaningful chunk of the market is quietly deteriorating. These stealth corrections can happen during late-cycle periods, narrow mega-cap leadership regimes, & transitional environments. A narrowing market does NOT automatically mean an imminent top... In fact, some of the strongest momentum phases occur during narrowing leadership because this is when institutions crowd into these dominant themes. The bigger warning sign will be if and when divergences compound and sector leadership rotates defensive. Currently, there is short-term improvement in relative strength in $Energy $Healthcare $Staples. However, $Tech still remains in the lead and momentum remains incredibly strong. *Not a recommendation @SchwabNetwork @SchwabTrading

Not a recommendation

Past 9 years, I focused on "old school" classical chart patterns. 8 classical chart pattern. These can easily be reduced to 2-3 favorite setups and successfully traded across different assets and time frames.

@AUaussieF @SchwabNetwork @SchwabTrading Thank you! All year!

@RachelDashCS @SchwabNetwork @SchwabTrading Nice chart, spot on take. Those tight credit spreads scream risk-on. Good on ya for flagging it - really helpful. How long have you been tracking those levels?

Credit spreads are at some of the tightest levels over this past year... near the lower zone of their range This is further evidence of a risk-on environment *Not a recommendation *Charts courtesy of StockCharts.com @SchwabNetwork @SchwabTrading

@MickeyVisco Thank you!

@RachelDashCS Nice analysis

$XOM the largest stock in the $Energy sector has been forming a possible complex head & shoulders pattern with neckline support ~$146 This formation has taken place as $XOM has weakened in momentum & relative strength vs both $Energy & $SPX benchmarks The ADX is reaching a trough, signaling that the market has been dormant & getting ready to trend... A measured move to the downside could place shares ~$24 lower after a confirmed break of support *Not a recommendation @SchwabNetwork @SchwabTrading

@MarioOttai549 Thank you, Mario!!

@RachelDashCS Wonderful analysis! You gathered the whole of the environment in few sentences

I've been bullish on commodities since June 2023. Enjoying the ride. BUT, is it time for commodities to "take a breather?" @sentimentrader

@texasramz Thank you Ramz!

@RachelDashCS Best wishes enjoy your trip

Maine is beautiful!!! Fam trip so far 🛥️🦞🌊🌲🐚 Sister gets married on Saturday!

not a recommendation

To add to that 3-year-long coil as well as the waning downside monthly momentum in $TNX, notice that the Bollinger Bandwidth has reached its tightest levels in the last 15 years From low volatility comes high volatility, and high volatility tends to accompany breakouts *Not a recommendation @SchwabNetwork @SchwabTrading

@John99417914 Good morning John! You are welcome!

@RachelDashCS Good morning, Rachel. Thank You.

Chart of the day: Yesterday, $SPX managed to break through 161.8% Fibonacci resistance of its entire Feb/March decline This would normally be a level that would be met with some profit-taking.... However, this break occurred on very strong, confirmatory momentum with an RSI > 75 The 200% level ~7690 acts as new resistance, should this momentum continue Remember: "The market can stay irrational longer than you can stay solvent" -John Maynard Keynes *Not a recommendation @SchwabNetwork @SchwabTrading

@RichardJudge17 Good morning Richard! You are welcome!

@RachelDashCS Good Morning! Rachel. Thank You.

@RachelFintwit Agreed! So pretty here!!

@RachelDashCS Maine is the best!

@DillonHofs @trend_bullish futures, ETFs, & individual stocks that operate in the ag business

@RachelDashCS @trend_bullish How do you buy wheat and corn exposure?

Not a recommendation

@hellahungry78 I use stockcharts.com, they are also on Bloomberg as well

@RachelDashCS Where can we see the visual or how do I monitor this myself for the daily and weekly RRG? Thank you!

Both the daily (5 days) & weekly (5 weeks) Relative Rotation Graph (RRG) shows $Tech as the only leading quadrant vs $SPX However, the daily RRG does show $Energy $Healthcare & $Staples in the improving quadrant Rotation is underway... and the short-term improvement is occurring in more defensive sectors *Not a recommendation @SchwabNetwork @SchwabTrading

@karr_rey40 @SchwabNetwork @SchwabTrading certainly!

@RachelDashCS @SchwabNetwork @SchwabTrading Hi Rachel, is it possible to talk about how you graph these in TOS and how you’re identifying the rotations? Thanks!

It's clear where the relative strength is, and it's concentrated $SPX $Tech *Not a recommendation @SchwabNetwork @SchwabTrading