CHART THIS with Dave Keller | Jan 9, 2026: S&P All-Time Highs & The Friday Mailbag

Greetings from a sunny Tampa! Dave Keller wraps up an incredible week at the CMT Association Midwinter Retreat. After a "fire hose" of insights from industry legends like Ralph Acampora and top institutional CIOs, Dave is heading back to Seattle with a fresh perspective on how the "Mindful Investor" can navigate these record-breaking markets.

The S&P 500 finished the week on a high note, closing at a new all-time high of 6966. While we didn't quite get the "trumpet" out for 7,000 yet, the momentum is undeniable. In today’s episode, Dave breaks down why he remains constructive on the primary trend despite the warning signs others are shouting about. With the VIX in a 14-handle and credit spreads remaining tight, the "Big Red Flags" simply haven't been waved yet.

This is our weekly Mailbag episode! Dave dives into your questions, covering everything from the technical nuances of Relative Rotation Graphs (RRG) to whether Bitcoin’s current "Bear Flag" is still valid. He also tackles the relationship between crypto and equities and explains why technical analysts view "undervalued" stocks like Costco very differently than fundamental value hunters.

Topics Covered
Final Dispatches from the CMT Midwinter Retreat
Market Recap: S&P 500 Hits a New All-Time Closing High
Volatility Check: Why a Low VIX Keeps the Bulls in Charge
Credit Spreads & Trend Models: The Evidence for Continued Strength
Sector Spotlight: Materials and Tech Lead the Friday Rally
Silver’s Rockstar Week: Outperforming Gold at All-Time Highs
Mailbag Question 1: What does "Tail Length" mean on an RRG chart?
Using RRG to Visualize Sector Rotation (The "Spaghetti Chart" Fix)
Mailbag Question 2: Is the Bitcoin Bear Flag still active?
Price Patterns vs. Indicators: Why the 50-day MA matters more now
Mailbag Question 3: Can stocks stay bullish if Bitcoin is deteriorating?
Understanding Correlations: Risk Assets vs. Diversified Trends
Mailbag Question 4: Is Costco "Undervalued" or just Rotating?
Valuations as a Timing Trap: Why Technicians wait for the Trend shift
Mailbag Question 5: High Institutional Ownership & Technical Trading (SANM)
Closing Thoughts: Reconnecting with the Technical Analysis Community

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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