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Stock Market Divergence: How to Trade Both Sides Right Now

Channel: Verified Investing Published: 2026-04-23 11:30
Verified Investing

Benjamin Pool of Verified Investing argues the market is diverging: broad index strength and selected tech leaders remain constructive, but many individual names are extended or breaking down and he is looking to fade strength into resistance while buying weakness at support.

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Detailed summary

This is a chart-driven trade setup video from Benjamin Pool, identified as the head trader at verifiedinvesting.com. He opens by framing the market as a divergence: the S&P 500 and some tech names are moving higher, while many individual stocks are making large downside moves. The structure of the video is to walk through stocks on both sides of that split and name the exact resistance or support levels he would use for day trades and short-term swings. On the upside, he sees SPY still constructive but approaching resistance, with a nearby upside target at 718.56. Gold is slightly lower and he treats 4656 as a weakening support level, with 4539 as the next downside target if that area breaks; he says he would buy GLD on that deeper pullback. …

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Main takeaways

  1. He is trading a split tape: index strength and leadership in some tech versus sharp weakness in many individual stocks.
  2. His favored tactic is to buy pullbacks into defined support on weak names and short strength into resistance on extended winners.
  3. SPY, gold, TXN, AMD, STX, GEV, WDC, ON, ODFL, LULU, and WDAY are the main setups discussed.
  4. He repeatedly uses trendlines, prior pivots, gap fills, and round numbers as decision points.
  5. He thinks volatility is essential for the short side; without it, upside grinds can keep squeezing bears.
  6. The broader warning is that if the market’s leaders stall, overheated high-flyers could see fast 10–30% givebacks.

Market read by horizon

Short term

Near term, the tape looks tradable but fragile: he wants to fade strength in stretched winners and buy pullbacks in names that have already washed out. The immediate risk is a late-day squeeze if volatility stays low and the short setups never reach clean resistance.

  • SPY resistance is the immediate focal point, with 718.56 called out as the next upside level.
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  • Gold is drifting lower; 4656 is the first support line and 4539 is the next downside target if it breaks.
  • ServiceNow is already damaged technically; he wants to buy only if it flushes toward 83 and holds 81.19.
Mid term

Over the next several weeks, his base case is continued leadership in a narrow group of names, but with increasing odds of rotation and pullbacks as more stocks become extended. The setup improves for bears if SPY stalls at resistance and volatility expands, while the bullish case requires those leaders to keep holding trend and breaking higher without immediate reversal.

  • Over the next several weeks, his base case is that leadership can continue for a while, but many of these winners are becoming stretched and vulnerable to pullbacks.
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  • He expects continued rotation between strong index/tech names and weaker individual names until the market resolves this divergence.
  • The bullish names need to keep respecting trendlines and hold above their breakout areas to maintain the uptrend; failure would increase odds of a larger retracement.
Long term

The broader regime implication is that breadth divergence can persist even while headline indexes look healthy, so broad market strength should not be confused with broad stock health. Over time, that kind of narrow leadership tends to raise the odds of abrupt mean reversion in crowded high-flyers.

  • The structural message is that markets can stay narrow and bifurcated for extended periods: a strong index does not mean broad participation.
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  • He is implicitly describing a regime where trend-following works best at the individual-name level, but only when paired with strict levels and quick invalidation.
  • His warning is that extended leadership can mask fragility; when the broad index or the leaders roll over, crowded momentum names may reprice abruptly.
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Key claims (14)

0:20
MIXED

The market is diverging: the S&P 500 and many tech stocks are moving higher while many other stocks are moving sharply lower.

Opening framing of the entire video.

0:45
BULLISH SPY

SPY has already broken a descending trendline and can move a bit higher toward 718.56 resistance.

He identifies the technical setup and the next upside target.

1:05
MIXED Gold

Gold remains weak and 4656 is the first support to watch; if that fails, he expects a move to 4539 and would buy GLD there.

He gives both bearish near-term gold levels and a lower buy zone.

Unlock 11 more claims See the full bullish, bearish, and counter-consensus argument map extracted from the transcript. Unlock all claims

Assets discussed (14)

SPY — SPY
BULLISH etf

He says the S&P/SPY is heading higher and targets 718.56 as the next upside resistance level.

Gold
BEARISH commodity

Gold is slightly negative and he is watching 4656 support, then 4539 lower if it breaks.

Unlock the full asset map (12 more) See all assets mentioned, their directional bias, and the exact reasoning. Unlock asset map

Where this transcript pushes against consensus

  • The transcript does not clearly identify the ticker behind “ServiceNow, N”; the reference is ambiguous and may confuse viewers.
  • Several long and short ideas rely heavily on discretionary intraday price action rather than more explicit catalysts or fundamentals.
  • The claim that a 15-minute close below a level is a firm stop rule is presented as a trading convention, not something empirically demonstrated in the video.
  • The expectation that TXN will likely roll over after a short squeeze is plausible technically, but the reasoning is based mostly on extension and personal read rather than deeper evidence.
  • He generalizes from one example of a collapse in another stock (“C”) to suggest many high-flyers are due for 10–30% haircuts; that extrapolation is broad and somewhat unsupported.

Topics

stock market divergenceSPY / S&P 500 levelsgold and GLDsupport and resistance tradingServiceNowLululemonWDCWorkdayTexas InstrumentsSeagate / ON / AMD / GEV

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