Swing trade ideas on various individual stocks followed by an update on BIZD (BDC/private credit ETF) and several BDC stocks, a couple of sentiment & breadth indicators, the 11 sectors of the S&P 500, the market-leading Mag 8 big tech stocks, SOXX, QQQ, & more.

YouTube link: https://youtu.be/ukR3TFA1V24

As always, the ticker symbols (hyperlinked tags) of the securities covered in this video can be viewed below the post on RSOTC.com. Playback speed can be increased in the settings (lower-right corner) to reduce the video duration.

This mid-session update from Randy Phinney of Right Side of the Chart provides a technical analysis of a diverse range of trade ideas, sector performance, and a deep dive into the “Magnificent Eight” tech giants. The video highlights a significant divergence between index prices and market breadth, noting that while technology leads the market to new highs, most other sectors remain in long-term downtrends.

Individual Stocks & Trade Ideas

  • 00:51 – Celsius Holdings Inc. (CELH): Energy drink maker that follows technical patterns closely. After a major 66% drop ending in a bullish falling wedge, the stock has rallied but currently faces resistance around $38.14.

  • 04:28 – Clorox Co. (CLX): Seeing a momentum boost due to news regarding Hantavirus transmission. Technically, it is coming off a divergent low on the RSI and serves as a defensive play within consumer staples.

  • 08:42 – Paychex Inc. (PAYX) & Automatic Data Processing Inc. (ADP): Payroll stocks analyzed against job market data. ADP has already broken out of a downtrend, while PAYX shows a clean downtrend line setup with a potential 15% target upon breakout.

  • 14:11 – Ryan Specialty Holdings Inc. (RYAN): This specialty insurance stock features a bullish falling wedge; Randy is watching for a breakout above the downtrend line to trigger a buy signal.

  • 15:23 – Assured Guaranty Ltd. (AGO): Update on an active short trade. The stock broke down below $79 today after months of sideways trading, confirming a new sell signal.

  • 17:20 – Trupanion Inc. (TRUP): A specialty insurance provider currently in a bear market. Despite a 60% drop, it is building positive divergence, suggesting a potential 30%+ rally toward the 200-day moving average.

  • 18:54 – Market Vectors BDC Income ETF (BIZD): Used as a “tell” for the broader market, it remains in a clear bear market, reflecting stress in the private credit sector.

  • 20:34 – Prospect Capital Corp (PSEC): Highlighted as a Business Development Company (BDC) in a severe downtrend, serving as a warning sign for the sector.

  • 21:59 – Goldman Sachs BDC (GSBD): Recently experienced a failed breakout and a 7% drop, highlighting the “whipsaw” risks in the current environment.

  • 24:08 – Equus Total Return Inc (EQS): One of the few BDCs showing a constructive breakout today, despite the overall sector’s weakness.

Index Analysis & Market Breadth

  • 24:57 – Invesco QQQ Trust (QQQ) / Nasdaq 100 (NDX): Technical analysis shows the index is wedging higher with negative divergence across multiple timeframes. Randy highlights the CPCE (Equity Put/Call Ratio) as an indicator of extreme complacency.

  • 26:48 – Nasdaq Composite Index (IXIC): Points out that despite index highs, only ~40% of stocks are in uptrends (above their 200-day MA), a level typically seen near the end of bear markets.

S&P 500 Sector Review

A review of the 11 sectors to demonstrate technology’s isolated strength:

  • 27:57 – Technology (XLK): At all-time highs; the only sector showing sustained strength.

  • 28:43 – Financials (XLF): Well below its January peak.

  • 28:50 – Consumer Discretionary (XLY): Significant distance from all-time highs.

  • 28:58 – Health Care (XLV): Trending lower, far from peaks.

  • 29:44 – Communication Services (XLC): Peaked recently, not threatening new highs.

  • 30:21 – Industrials (XLI): Off its early 2026 highs.

  • 30:29 – Consumer Staples (XLP): Trading well below its highs.

  • 30:37 – Energy (XLE): Recent consolidation, significantly off peak levels.

  • 30:46 – Utilities (XLU): Not currently near its all-time highs.

The “Magnificent Eight” Tech Analysis

  • 31:33 – iShares Semiconductor ETF (SOXX): Noting failed breakouts in the semiconductor space.

  • 32:28 – NVIDIA Corp (NVDA): Extending negative divergence; a break of its minor uptrend line would signal a significant correction for the Nasdaq.

  • 33:48 – Alphabet Inc. (GOOGL): Wedging higher with negative divergence.

  • 34:12 – Apple Inc. (AAPL): Showing a wedge pattern and triple divergent high on the 60-minute chart.

  • 35:37 – Microsoft Corp (MSFT): Testing resistance at $439.87.

  • 36:17 – Amazon.com Inc (AMZN): Hovering just below its breakdown level.

  • 36:56 – Broadcom Inc (AVGO): Recently broke its uptrend line and is currently backtesting the breakdown point.

  • 37:21 – Tesla Inc (TSLA): Analyzed as part of the broader negative technical posture for big tech.