# Big Uptrend. Tech Momentum Fading | Katie Stockton on the Rotation Investors Are Missing

Page: https://stenobird.com/podcast/excess-returns-902655/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing
Text version: https://stenobird.com/podcast/excess-returns-902655/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing.md
Podcast: [Excess Returns](https://stenobird.com/podcast/excess-returns-902655)
Published: 2026-07-09T09:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/excess-returns/episodes/Big-Uptrend--Tech-Momentum-Fading--Katie-Stockton-on-the-Rotation-Investors-Are-Missing-e3lreun
Audio file: https://traffic.megaphone.fm/APO6825773295.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing
Duration seconds: 3224

## Resource

Katie Stockton of Fairlead Strategies joins Excess Returns to break down the current technical setup for the S&P 500, Nasdaq 100, mega-cap tech, market breadth, sector rotation, international stocks and gold. We discuss why short-term momentum has weakened, what would confirm a more serious breakdown, how investors can use technical analysis for risk management, and where breakouts are appearing outside the AI and semiconductor trade. Katie Stockton on X https://x.com/StocktonKatie Fairlead Strategies https://www.fairleadstrategies.com/ Fairlead Funds https://www.fairleadfunds.com/ Main topics covered Why the S&P 500 is still in a long-term uptrend but showing short-term momentum loss How Katie defines overbought and oversold using the stochastic oscillator Why the March monthly MACD sell signal became an unusual whipsaw What the QQQs and Nasdaq 100 are saying about technology leadership How investors can use stop losses, hedges and moving averages to manage risk Why the market has held up despite underperformance in the Magnificent Seven The difference between market breadth and market leadership Why sector rotation is improving in healthcare, industrials, utilities, insurers and biotech How sentiment indicators like the VIX and Fear and Greed Index fit into market timing How the Fairlead Tactical Sector ETF uses trend following, sector rotation, Treasuries and gold What the charts are saying about emerging markets, developed international stocks and the U.S. Why gold has moved from a strong bull market into a more tactical trading environment Timestamps 00:00 Intro 00:58 Why the S&P 500 is losing short-term momentum 05:04 How overbought conditions can reset without a major decline 08:39 Why whipsaws make confirmation so important 12:02 What the QQQs are s…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/excess-returns-902655/episodes/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/excess-returns-902655/big-uptrend-tech-momentum-fading-katie-stockton-on-the-rotation-investors-are-missing.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.