Active Investing Edge Mentoring for 06/29/2026

June 29, 2026

Active Investing Edge

By Geoff Bysshe

Video Summary:

Geoff stated that the market entered the week with a sense of steadiness, partially due to geopolitical news aimed at cooling tensions in the Middle East. He noted that while tech-heavy indices and Micron (MU) faced a post-earnings pullback, the broader market remains resilient, particularly through the Equal Weight S&P (RSP) and the Russell 2000 (IWM). Geoff explained that the RSP is an increasingly vital indicator because its largest holdings are in Industrials and Financials rather than tech, suggesting a healthy rotation is underway even as semiconductors consolidate. He further detailed the tactical importance of the upcoming July calendar range, noting that the first ten trading days of the month will establish critical benchmarks for market direction through the remainder of the year. Finally, Geoff demonstrated that despite "ominous" technical patterns in tech leaders, sectors like Biotech (XBI) and certain Cybersecurity names are providing a necessary buffer, proving the bull market is diversifying beyond semiconductors.

Session Highlights & Chapters:

  1. SESSION HIGHLIGHTS:
  2. [Geopolitical Headlines and Pre-Market Stability] (00:00:45) - Geoff discusses news intended to lower geopolitical temperatures and how the steady pre-market climb contrasted with the previous Friday's tenuous close.
  3. [The RSP as a Core Market Indicator] (00:04:30) - An analysis of why the Equal Weight S&P is a preferred measure of health due to its high concentration in outperforming Industrial and Financial sectors.
  4. [The Power of the July Calendar Range] (00:19:15) - Geoff explains his strategy for the upcoming month, using the first ten days of July to set a roadmap that defines risk for the rest of the year.
  5. [Micron (MU) Post-Earnings Analysis] (00:48:10) - A deep dive into MU's drop, evaluating it as a volatility event while cautioning about the risks of demand destruction from tech price hikes.

  6. VIDEO CHAPTERS:
  7. [Geopolitical Narrative & Steady Market Entry] (00:00:00) - Reviewing the morning's news cycle and the market's constructive behavior following a volatile Friday session.
  8. [Small Cap Earnings & IWM Resilience] (00:12:00) - Exploring the 20% earnings estimates for small caps and why IWM remains positioned to perform despite interest rate expectations.
  9. [Semiconductor Rollover & Bearish Divergences] (00:25:00) - Analyzing technical signals in SMH and why the 600 level remains the primary pivot for determining a deeper correction.
  10. [Seasonality & The July Roadmap] (00:38:00) - A look at July's historical bullish bias and how to use the first ten trading days as a tactical stop for long positions.
  11. [Sector Rotation: Healthcare, Retail, and Cybersecurity] (00:50:00) - Evaluating technical strength in XBI and XRT, along with "creeping" trends in names like Crowdstrike and Palo Alto.