Episode 317: False Breakouts Everywhere: Is the Uptrend at Risk?

In this episode of The Weekly Trend, Dave Zarling and Ian McMillan examine the growing divergence between the cap-weighted indices and the average stock. They discuss weakness in semiconductors, AI-related stocks, and mega-cap technology, while Energy and Healthcare show improving relative strength. Small caps and emerging markets remain under pressure, regional banks are flashing caution, and a strengthening U.S. dollar adds another potential headwind. With volatility rising and midterm elections approaching, is the market setting up for a deeper correction toward the 200-day moving average, or are we witnessing a rotation that could eventually strengthen market participation? The guys break down the key technical levels, sector trends, and market signals worth watching in the weeks ahead.