A Quiet Rotation Signals Big Potential
By Blake Young
Today we’re digging into a subtle but powerful rotation that's unfolding right under the market’s nose.
While tech has driven much of the equity strength this year, the spotlight has now shifted, and industrials, transports, and even miners are quietly stepping up.
We're seeing solid price patterns and breakouts across the board: ascending triangles in sector ETFs like IYT and XLI, bullish flags in 3M (MMM) and Honeywell (HON), and explosive momentum in Freeport (FCX) and Newmont (NEM).
It’s classic end-of-quarter window dressing, sure—but there’s real strength behind these moves.
To be clear, the volume’s light, and we’re flirting with overbought territory, but that just sets the stage for fast, tradable pops. If copper and gold confirm the move, this could be more than just a short-term trade.
Let’s chart the setups that could lead into next week’s fireworks…