{"id":64089,"date":"2025-05-08T02:00:07","date_gmt":"2025-05-08T07:00:07","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=64089"},"modified":"2025-05-08T07:53:52","modified_gmt":"2025-05-08T12:53:52","slug":"market-trends-may-8","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/","title":{"rendered":"What&#8217;s Performing as Megacaps Lag?"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-Public-Materials-May-2025A.zip\">here<\/a>. TradeStation\u2019s ideas on TradingView are\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">available\u00a0here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/TsKGX2gVESKF\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 5\/12.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul>\n<li>S&amp;P 500 consolidates in April 2 range of 5571-5695<\/li>\n<li>Price remains above 10-, 50-day moving average<\/li>\n<li>Formed bullish outside candle after 2-day pullback<\/li>\n<li>Intermarket:\n<ul>\n<li>U.S. dollar index holds July 2023 low<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"attachment_64142\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-64142\" class=\"size-large wp-image-64142\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250507.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-64142\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select patterns and moving averages.<\/em><\/p><\/div>\n<h2>Finding Leaders as Megacaps Lag<\/h2>\n<ul>\n<li>222 S&amp;P 500 members are positive in 2025<\/li>\n<li>127 index members have made 52-week highs since the benchmark made a new high 55 bars ago\n<ul>\n<li>BRK.B is the only trillion-dollar company to do so<\/li>\n<li>NFLX is the main large growth stock<\/li>\n<\/ul>\n<\/li>\n<li>Tools to consider in our zip file:\n<ul>\n<li><span style=\"text-decoration: underline;\">MA Above \/ Below<\/span>: Last price vs a given MA.\n<ul>\n<li>Change from MA length: Right click column header \u2192 Studies \u2192 Edit &#8216;MA Above \/ Below&#8217; for all symbols \u2192 Input tab<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"text-decoration: underline;\">MovAvg Order<\/span>: Alignment of 2 given MAs\n<ul>\n<li>To change: Edit study \u2192 Inputs: FastAvgLen, SlowAvgLen<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"text-decoration: underline;\">Days Since 52wk HL<\/span><\/li>\n<li><span style=\"text-decoration: underline;\">Distance from 52 Week High<\/span><\/li>\n<\/ul>\n<\/li>\n<li>In Scanner: Price \u2192 % of 52 Wk high\/low<\/li>\n<\/ul>\n<h2>News &amp; Views<\/h2>\n<ul>\n<li>Fed juggles dual-mandate risks amid stagflation. Powell avoids disruption, shuns preemptive easing<\/li>\n<li>Bessent, Greer to meet Chinese officials May 10-11\n<ul>\n<li>Trump: Won&#8217;t cut 145% tariffs to open talks<\/li>\n<\/ul>\n<\/li>\n<li>Bloomberg: Trump to revise Biden-era chip export limits<\/li>\n<li>Healthcare hammered by Prasad appointment, tariffs on medical devices<\/li>\n<li>GOOGL falls on lower Safari searches, potential AAPL AI development.<\/li>\n<li>Paul McCulley: Fed will shift to cutting as economy slows<\/li>\n<li>China PBoC dovish: lowers overnight rate and required reserve ratio (RRR)<\/li>\n<li>Reuters: F to raise some car prices by $2,000 because of tariffs<\/li>\n<li>Cox Automotive: Used car prices jump amid tariff worries<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n<ul>\n<li>Earnings tonight: COIN MNST TTD LYFT EXPE MCHP DKNG<\/li>\n<li>Fri 5\/9: Multiple Fed speakers<\/li>\n<li>Mon 5\/12:<\/li>\n<li>Tue 5\/13: <strong><em>*CPI*<\/em><\/strong><\/li>\n<li>Wed 5\/14: Crude oil inventories\n<ul>\n<li>Earnings: CSCO<\/li>\n<\/ul>\n<\/li>\n<li>Thu 5\/15: Retail sales, PPI, jobless claims\n<ul>\n<li>Earnings: WMT, BABA<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available\u00a0here. TradeStation\u2019s ideas on TradingView are\u00a0available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 5\/12. Sizing Up the Market S&amp;P 500 consolidates in April 2 range of 5571-5695 Price remains above 10-, 50-day moving average Formed bullish outside candle after 2-day pullback Intermarket: U.S. dollar index holds July 2023 low Finding [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-64089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What&#039;s Performing as Megacaps Lag? | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What&#039;s Performing as Megacaps Lag? | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available\u00a0here. 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Sizing Up the Market S&amp;P 500 consolidates in April 2 range of 5571-5695 Price remains above 10-, 50-day moving average Formed bullish outside candle after 2-day pullback Intermarket: U.S. dollar index holds July 2023 low Finding [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-08T07:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-08T12:53:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/\",\"name\":\"What's Performing as Megacaps Lag? | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"datePublished\":\"2025-05-08T07:00:07+00:00\",\"dateModified\":\"2025-05-08T12:53:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/08\/market-trends-may-8\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What&#8217;s Performing as Megacaps Lag?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. 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