Stocks Rebound, but Chip Signals Pull Apart

Bullish oil and Dow, cautious on broader stocks

Oil remains the clearest trend in the group, while the Dow looks steadier than the broader market. I am less convinced about the S&P 500 because its recent rebound has not yet overcome a choppy short-term pattern.

Bullish stocks, Bitcoin, and gold

The medium-term trend points higher for the S&P 500 and Dow, with the S&P showing the strongest projected upside. Bitcoin and gold also have room to rise, but their recent signals are not consistent enough for a large position.

Backing Microsoft and Apple, fading Google and Meta

Microsoft and Apple are showing unusual resilience, with both holding up better than much of the market. Google and Meta look more vulnerable after recent declines, even though Meta still has a strong longer-term record.

Bearish AMD and Broadcom, cautious elsewhere

The chip group is under pressure, especially AMD and Broadcom, which have fallen sharply and are lagging their peers. Nvidia, TSM, and Qualcomm have held up better, but a sector-wide slide makes it hard to call a clean recovery.

Backing software leaders, strongly against Snowflake

Salesforce and ServiceNow still have the best software setups, helped by resilient prices and constructive business news. Snowflake is the clear weak link: its decline is much worse than the market's, suggesting a company-specific loss of confidence.