Nasdaq Composite $IXIC Trend and breadth remain mixed. The 52wk Hi-Lo has fallen to its lowest reading since the April 2025 tariff shock, but roughly 1/2 of Nasdaq Composite stocks are trading above their 200-day average. Weekly MACD histogram is negative, though the composite continues to hold above its 200-day average.

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Thank you for sharing my chart! 📊 📉

Smallcaps giving it all back.. $RUT vs. $SPX 52-week rate of change is about to flip negative. Doesn't bode well for small over large fwd 12mo returns.

Russell 1000 Value - RS chart (vs. S&P 500 Index) Value taking a breather here.. This ratio is trading into an upward sloping 200-day average. $IWD $SPY

Emerging Markets bonds making new highs relative to US Treasuries.. Typically bodes well for stocks. $EMB $IEF

Homebuilders x Rates $XHB $RSP $SPY

Time to long alcohol stocks? Molson Coors $TAP removed from the S&P 500 and US consumption at historic lows.. can’t get any worse right?

Very capital intensive, no surprise the stock is trading in synch with treasury rates. $MCD x $TNX (inverted scale)

$BNED Barnes & Noble Education Inc. Well defined resistance zone ~$14 /share.

Emerging Markets, highest weekly close since mid-June. MACD histogram also turning up.. $EEM

Mag7 intergroup correlations also declining.. this basket has behaved so differently this year, far cry from ‘23 and ‘24.

Principle of Polarity in action! $SPY

From the YTD lows, $DXY has formed both higher highs and higher lows. The accumulation pattern remains.