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Daily Report : TradingEdge Weekly for Jul 18 - Index momentum, equal weight laggard, soybean seasonals

Jason Goepfert
2025-07-18
This week, we saw that momentum remains strong in major indices, holding above their 20-day moving averages for 55 straight days. Under the surface, the average stock is lagging a bit, with the equal-weight S&P 500 still not at a new high. Small caps and discretionary stocks are particular laggards. Soybeans are facing a consistent seasonal headwind.
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TradingEdge Weekly for Jul 18 - Index momentum, equal weight laggard, soybean seasonals: This week, we saw that momentum remains strong in major indices, holding above their 20-day moving averages for 55 straight days. Under the surface, the average stock is lagging a bit, with the equal-weight S&P 500 still not at a new high. Small caps and discretionary stocks are particular laggards. Soybeans are facing a consistent seasonal headwind.

Smart / Dumb Money Confidence

Smart Money Confidence: 33% Dumb Money Confidence: 74%

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Stocks Medium-Term

Bonds

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Research

TradingEdge Weekly for Jul 18 - Index momentum, equal weight laggard, soybean seasonals

By Jason Goepfert

BOTTOM LINE
This week, we saw that momentum remains strong in major indices, holding above their 20-day moving averages for 55 straight days. Under the surface, the average stock is lagging a bit, with the equal-weight S&P 500 still not at a new high. Small caps and discretionary stocks are particular laggards. Soybeans are facing a consistent seasonal headwind.

FORECAST / TIMEFRAME
None

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Bullish for Stocks
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