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Ugly day for Technology Names and the Naz has closed the previous rare consecutive gaps.  We have now broken the 20d as well.  I look for three consecutive days below the 20d to indicate a of change in the short-term trend.   Appear to be more distribution starting in the AI Trades and folks locking in […]

Market yesterday had another Bad Up Day ( Index up but Breadth negative)…….two Gaps Up were sold into. And the market could not rally on “good news” ( China Tarriff Deal from weekend).    Signs point to a market that is tired and want to pull in……..how far?     we don’t know but our market

The bleeding under the surface has shown more clearly today with expanding New Lows again……we have been monitoring this the past few weeks and gradually become more cautious and defensive.  Decliners led Advancer 2.2 to the downside.  Some leader are still holding up but the average stock has been struggling at best……..exactly the reason we

Today continued the Mag 7 chase as NVDA cleared the $5T Market Cap and has now become a 10% weighting in the SP 500 index.    For reference, the great CSCO at the Dot Com Peak was @ $555 Billion Market Cap and 4% weighting of the SP 500.    In 2023, AAPL represented a