Consumer Discretionary breakout vs. Consumer Staples is seen as positive Array ( [cookie] => 596a25-805399-724db3-06fc84-1cfaa6 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 208285 [user_id] => [reason] => [method] => ) 1 and can accesss
Short-term US Equity trends have still grinded largely sideways in recent weeks following the bullish breakout back to new all-time highs for SPX and DJIA. Despite minor weakness following the escalation in the Middle East in recent days, Equities have failed to show much real deterioration, and breadth remains near the highs of the year. While the back half of October might prove more volatile than the first half, recent sideways consolidation does not seem indicative of that which might kick off any type of real selloff, despite all the negative headlines globally. Overall, without evidence of any serious technical damage, it’s difficult turning too negative on US equity markets. I expect that the Rosh Hashanah/Yom Kipper cycle very well might invert this year, leading to strength into Yom Kippur, not vice versa.
Similar to yesterday’s comments, despite some minor selling pressure this past week, S&P remains within 1% of all-time highs made just three trading days ago (9/30/24). Breadth has proven solid in recent weeks, and momentum and technical structure continue to be in good shape. Technology has “taken the back seat” in recent weeks to strength seen out of Industrials, Materials and Consumer Discretionary.
Yet, Technology has not materially weakened enough to suggest that any sort of peak is happening within the sector. Incidentally, stocks like AAPL show beautiful bullish triangle patterns, while the Software ETF ($IGV) is on the verge of its own breakout back to new all-time highs. (Stocks like $CRM and $ORCL are particularly positive here technically).


Become a Member To Access FS Insight Research
FS Insight gives individual investors access to Tom Lee's research, previously only available to banks and hedge funds.
|
|||
Join Now |
|
|||
Join Now |
What's included in your FSI Membership?

Thomas J. Lee
Head of Research
Type | Publication | Mon | Tue | Wed | Thu | Fri | Monthly | |
---|---|---|---|---|---|---|---|---|
Reports |
First Word The best market research out there -- on a near-daily basis. |
![]() |
![]() |
![]() |
||||
Intraday Alerts These are released periodically after crucial market developments. |
Real-Time | |||||||
Weekly Roadmap Weekly summary of market events and updates on our key theses. |
![]() |
|||||||
Webinars & Videos |
Macro Minute Video Daily video commentary on market conditions & key events. |
![]() |
![]() |
![]() |
![]() |
|||
Outlook Webinars We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights! |
Yearly | |||||||
Granny Shots Webinars |
![]() |
|||||||
CEO Interview Webinars | Quarterly | |||||||
Appearances Archive | Real-Time | |||||||
Allocation Tools |
"Super Granny" Shots Stock List Granny Shots we expect to tactically outperform and underperform. |
![]() |
||||||
Granny Shots Stock List Thematic investment stock picks that aim to outperform the S&P 500. |
![]() |
|||||||
Sector Allocation A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk. |
![]() |
|||||||
Market Alerts |
⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads. |
![]() |
![]() |
![]() |
![]() |
![]() |
Real-Time |

Mark L. Newton
Head of Technical Strategy
Type | Publication | Mon | Tue | Wed | Thu | Fri | Monthly | |
---|---|---|---|---|---|---|---|---|
Reports |
Daily Technical Strategy Daily commentary on market trends and short term opportunities. |
![]() |
![]() |
![]() |
![]() |
![]() |
||
Weekly Roadmap Weekly summary of market events and updates on our key theses. |
![]() |
|||||||
Webinars & Videos |
Daily Technical Strategy Daily commentary on market trends and short term opportunities. |
![]() |
![]() |
![]() |
![]() |
![]() |
||
Live Technical Analysis |
![]() |
|||||||
Outlook Webinars We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights! |
Yearly | |||||||
Appearances Archive | Real-Time | |||||||
Allocation Tools |
Newton's Upticks Stock List Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500. |
![]() |
||||||
Market Alerts |
⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads. |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |

L. Thomas Block
Washington Policy Strategy
Type | Publication | Mon | Tue | Wed | Thu | Fri | Monthly | |
---|---|---|---|---|---|---|---|---|
Reports |
US Policy Weekly update on developments in Washington DC and how they may impact Wall Street. |
![]() |
![]() |
|||||
Weekly Roadmap Weekly summary of market events and updates on our key theses. |
![]() |
|||||||
Market Alerts |
⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads. |
![]() |
![]() |
![]() |
![]() |
![]() |
Real-Time |


Sean Farrell & Crypto Team
Type | Publication | Mon | Tue | Wed | Thu | Fri | Monthly | |
---|---|---|---|---|---|---|---|---|
Reports |
Market Update Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news. |
![]() |
![]() |
![]() |
![]() |
![]() |
||
Weekly Strategy Weekly summary of market events and updates on our key theses. |
![]() |
|||||||
Funding Fridays Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested! |
![]() |
|||||||
Crypto Concepts We periodically provide in-depth research on the leading protocols, companies, and funds shaping the crypto ecosystem. |
![]() |
|||||||
Liquid Ventures A recurring research note focused on delivering unique insights into high-risk investment opportunities within the crypto ecosystem, primarily centered on early-stage or small-cap tokens. |
![]() |
|||||||
Deep Research We periodically provide in-depth research on the leading protocols, companies, and funds shaping the crypto ecosystem. |
Quarterly | |||||||
Weekly Roadmap Weekly summary of market events and updates on our key theses. |
![]() |
|||||||
Webinars & Videos |
Outlook Webinars Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms. |
Yearly | ||||||
Crypto Comments |
Daily Technical Strategy From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge. |
![]() |
||||||
Allocation Tools |
Crypto Core Strategy A powerful tool designed to help crypto investors build a crypto portfolio that outperforms the industry’s king – bitcoin – regardless of market conditions. |
![]() |
||||||
Market Alerts |
⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads. |
![]() |
![]() |
![]() |
![]() |
![]() |
Real-Time |

FS Insight Research Team
Type | Publication | Mon | Tue | Wed | Thu | Fri | Monthly | |
---|---|---|---|---|---|---|---|---|
Reports | First to Market |
![]() |
![]() |
![]() |
![]() |
![]() |
||
*Earnings Daily This note provides investors with a myriad of useful metrics to measure the progress of earnings season |
![]() |
![]() |
![]() |
![]() |
![]() |
|||
Signal From Noise Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective. |
![]() |
|||||||
Community Questions We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals! |
![]() |
|||||||
FS Insight Academy Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way. |
![]() |
|||||||
Webinars & Videos |
Free Macro Webinars Live webinars and Q&A with our research team and high-profile industry leaders. |
Quarterly | ||||||
Free Crypto Webinars Live webinars and Q&A with our research team and high-profile industry leaders. |
Quarterly |
*Daily reporting during each quarterly earnings season.