Finding Leaders in a Choppy Market: Joe Rabil on ADX, Momentum, and Breadth скачать в хорошем качестве

Finding Leaders in a Choppy Market: Joe Rabil on ADX, Momentum, and Breadth

In this episode, Dave is joined by Joe Rabil of Rabil Stock Research—one of my favorite chart-focused voices and a fellow StockCharts contributor. Joe describes his process as “trend following on steroids,” and he explains why this environment demands discipline: the major indexes can look fine on the surface, but momentum has been fading and leadership has been shifting beneath the hood. We dig into Joe’s use of ADX to judge trend strength, why a market can drift higher without real momentum confirmation, and how a consistent bottom-up routine (reviewing hundreds of charts) can give you an edge versus only watching indexes and sectors. Joe also highlights where he’s seeing emerging relative strength in early 2026—especially in materials, energy, healthcare, and select industrials—and how to think about risk, stops, and timeframes when conditions get choppy. Recorded 1/20/26. You can check out Joe's book at https://amzn.to/4bNkFmp and learn more about his work at https://rabilstockresearch.com/. 00:00 Emerging strength and “optimism?” 00:25 Episode intro + guest overview (Joe Rabil) 01:12 Setting the stage: “Black Tuesday” selloff + Q4 to January transition 02:00 Big picture: S&P near highs but struggling with momentum 03:36 ADX: how Joe defines a “real” breakout 04:42 ADX basics: buyers vs sellers and what matters most 05:49 Bottom-up opportunity: finding strength outside tech 06:27 Relative strength during declines: what to watch if the market slips 08:21 “Not a market for a novice”: why you must do the work 10:14 Why predicting is a trap + using indicators and sentiment 11:03 Key levels, undercuts, and sentiment shifts at major turns 12:36 Joe’s edge: scanning thousands of charts vs index/sector-only views 15:10 Where strength is emerging: materials, energy, healthcare, industrials 19:06 Practical routine: how to build a weekly chart review process 22:52 Energy vs crude oil: why stocks often lead the commodity 24:25 Biggest risk: discipline, pullbacks, and avoiding “chasing” 26:32 “Trend following on steroids”: breakout characteristics + position risk 29:52 Multiple timeframes + ATR-based risk management 32:12 Wrap-up + where to find Joe’s work 🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/fre... 📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/rea... 🎯 Upgrade your market awareness with Seeking Alpha Premium https://marketmisbehavior.com/seeking... 👉 Follow Dave on X: https://x.com/DKellerCMT 👉 Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.b... 👉 Follow Dave on Facebook:   / marketmisbehavior   👉 Follow Dave on Instagram:   / marketmisbehavior   The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice. Some of the links in this description and in the video may be affiliate links, which means you pay nothing more and it helps me to make Market Misbehavior awesome! As an Amazon Associate, I earn from qualifying purchases. For full disclaimer, please see our website: https://www.marketmisbehavior.com/dis.... * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *