scottcharts's profile picture. Founder, Brown Technical Insights. Essential insights into market trends, technicals and opportunities

Scott Brown, CMT

@scottcharts

Founder, Brown Technical Insights. Essential insights into market trends, technicals and opportunities

Upwork breaking out in absolute and relative terms

scottcharts's tweet image. Upwork breaking out in absolute and relative terms

Interesting dynamic right now where the S&P 500 is closer to its 52-week high than any of the 11 underlying sectors

scottcharts's tweet image. Interesting dynamic right now where the S&P 500 is closer to its 52-week high than any of the 11 underlying sectors

Biotech inflows have gone parabolic. Right as IBB reaches a logical place for a consolidation

scottcharts's tweet image. Biotech inflows have gone parabolic. Right as IBB reaches a logical place for a consolidation

After a 6-week pullback, utilities setting up well

scottcharts's tweet image. After a 6-week pullback, utilities setting up well

Healthcare hasn't been this overbought relative to its 50-DMA since 2003. Currently on track for a new all-time closing (but not intraday) high

scottcharts's tweet image. Healthcare hasn't been this overbought relative to its 50-DMA since 2003.

Currently on track for a new all-time closing (but not intraday) high

Just 3 days, but leadership has been everything you could want since last Thursday. Small caps and equal-weight discretionary at the top, staples and my custom defensives basket on the bottom

scottcharts's tweet image. Just 3 days, but leadership has been everything you could want since last Thursday.

Small caps and equal-weight discretionary at the top, staples and my custom defensives basket on the bottom

Big response at key support for D.R. Horton today. Watch the 21-DMA overhead, which was support on the way up and has acted as resistance on the way down

scottcharts's tweet image. Big response at key support for D.R. Horton today. Watch the 21-DMA overhead, which was support on the way up and has acted as resistance on the way down

Timely reminder of where unemployment is likely going with the Fed asleep at the wheel. Up another 0.1% in this morning’s report

Once unemployment "bottoms", the lowest rate we've seen before it turns back lower has been 6.1%

scottcharts's tweet image. Once unemployment "bottoms", the lowest rate we've seen before it turns back lower has been 6.1%


2.5 trading days to go, but the S&P 500 is currently on track to print its first weekly MACD sell signal since December 27, 2024

scottcharts's tweet image. 2.5 trading days to go, but the S&P 500 is currently on track to print its first weekly MACD sell signal since December 27, 2024

Will small-caps continue to track with Home Depot? HD came within a dollar of its April closing lows today

scottcharts's tweet image. Will small-caps continue to track with Home Depot?

HD came within a dollar of its April closing lows today

That's the first 52-week low for Bitcoin vs. the S&P 500 in nearly 3 years. It also violates a key potential support/resistance line

scottcharts's tweet image. That's the first 52-week low for Bitcoin vs. the S&P 500 in nearly 3 years. 

It also violates a key potential support/resistance line

Healthcare may be tactically overbought, but note where you are in the relative outperformance cycle

scottcharts's tweet image. Healthcare may be tactically overbought, but note where you are in the relative outperformance cycle

How does the current stretch of healthcare underperformance stack up historically? If you start from the beginning of 2023, it's now tied with '92-'93 for the worst run ever. Of course, you could argue it began in 2015, in which case this is clearly the worst run ever

scottcharts's tweet image. How does the current stretch of healthcare underperformance stack up historically?

If you start from the beginning of 2023, it's now tied with '92-'93 for the worst run ever.

Of course, you could argue it began in 2015, in which case this is clearly the worst run ever


Up into an important zone on the short-term chart

scottcharts's tweet image. Up into an important zone on the short-term chart

One of the most bullish charts out there: Crude oil upside down. Today's 3.5% drop seems to be aiding the consumer discretionary sector

scottcharts's tweet image. One of the most bullish charts out there: Crude oil upside down.

Today's 3.5% drop seems to be aiding the consumer discretionary sector

Medical devices primed to join the healthcare party

scottcharts's tweet image. Medical devices primed to join the healthcare party

European financials breaking out of a 3-month base

scottcharts's tweet image. European financials breaking out of a 3-month base

Good run, but this trade looks over short-term

scottcharts's tweet image. Good run, but this trade looks over short-term

Screening for quality has killed small cap investors. The ratio of the lower-quality Russell 2000 to the S&P 600 Small Cap Index (screens for profitability) has never been more overbought on a weekly basis

scottcharts's tweet image. Screening for quality has killed small cap investors.

The ratio of the lower-quality Russell 2000 to the S&P 600 Small Cap Index (screens for profitability) has never been more overbought on a weekly basis


Quick reminder as the S&P 500 is on track to close below its 50-DMA for the first time in 132 trading days 👇

A break of the 50-DMA would be... not that bearish? The S&P 500 has been lower three months later only 2 out of 17 times that it broke the 50-DMA after at least 100 consecutive closes above. Pretty normal to see some downside follow-through over the following two weeks though

scottcharts's tweet image. A break of the 50-DMA would be... not that bearish?

The S&P 500 has been lower three months later only 2 out of 17 times that it broke the 50-DMA after at least 100 consecutive closes above. 

Pretty normal to see some downside follow-through over the following two weeks though


EQT breaking out from a 4-month base this morning

scottcharts's tweet image. EQT breaking out from a 4-month base this morning

Oklo completing the H&S top as we head into the close

scottcharts's tweet image. Oklo completing the H&S top as we head into the close

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