Wed close board

“I hope you have picked up the cautionary messages as you were read through this weekly review. It appears the market is preparing for additional pullback. The market internals are flashing signs of weakness. All the major indexes other than SPX and NDX are in a near term downtrend pattern.”

Reference SPY ($761.69)

Wednesday close, same weekend cohort: equal-weight SPY, QQQ, and DIA are +1.08% from Friday's regular-session close, against this bearish call. VIX is +2.50% from Friday's close. That score is WEAK. This is a scorecard, not a signal.

“Major indexes remain near elevated levels but are facing increased short-term pressure as the 10-Year Treasury Yield moves above 5%. The combination of a 5.01% Treasury yield, elevated energy prices, increased volatility, geopolitical uncertainty, and stretched valuations increases the probability of continued sector rotation, profit-taking, and short-term pullbacks rather than uninterrupted market advances.”

Reference SPY ($761.69)

Wednesday close, same weekend cohort: equal-weight SPY, QQQ, and DIA are +1.08% from Friday's regular-session close, against this bearish call. VIX is +2.50% from Friday's close. That score is WEAK. This is a scorecard, not a signal.