The Weekly Trend
The Weekly Trend
David Zarling, Ian McMillan
Episode 317: False Breakouts Everywhere: Is the Uptrend at Risk?
33 minutes Posted Oct 19, 2026 at 6:00 pm.
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Show notes
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 elec...