This Is Why I’m Still Bullish

Today, I’ll keep it simple.

From where I’m sitting, this is still very much a risk-on market.

The sectors that typically perform well during “risk-off” environments are the first to lag—and that’s exactly what we’re seeing now.

The rotation out of defensive stocks continues to persist, showing up across the board.

Even Small-Cap Consumer Staples are hitting new all-time lows relative to the Russell 2000.

Seeing these two lines break down like this is about as bullish as it gets.

Investors are embracing risk, not seeking safety.

The bull market remains intact, and my focus continues to be finding stocks to buy, not looking for ones to sell.

I’ll be diving deeper into this theme on Saturday morning at 11:30 AM during the Chart Summit 2026.

The best in the business will be there—JC Parets, Steve Strazza, and other legends like Ryan Detrick, Frank Cappelleri, and Katie Stockton.

Secure your spot here!

Alfonso De Pablos, CMT

Director of Research, All Star Charts

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