Situation Awareness: Cautious. Equity futures are pointing to a lower open, driven by finger-pointing at rising oil prices and concerns about the Iran situation as well as profit-taking after a huge run to record highs, especially after disappointing price action in TSLA, IBM, HON, and NOW following their earnings reports. Trade mode: neutral and watchful. Focus is on monitoring whether the recent buy-the-dip impulse remains intact, or if the market decides to defy it. Today’s economic calendar includes Initial and Continuing Jobless Claims and preliminary S&P Global U.S. Manufacturing and Services PMI readings. Regime context — data unavailable% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 0 bulls vs. 0 bears. The 5-day trend data unavailable.
SIP: CX CACI GGG OKLO
- What’s working: Reversal signals are highest count scan.
- Leading sectors: Technology (RSPT 3.48), Financials (RSPF 2.5), Communication Services (RSPC 1.36). leading themes: data unavailable.
- Key event: Traders will be watching to see if the ‘buy-the-dip’ trend remains intact.
- Market read: Yesterday’s rally was concentrated in mega-cap tech, but breadth was weaker, suggesting underlying vulnerability.
- DEP watchlist: AMPX, FCEL, MXL
- SIPS: AKTS, AMCX, AVGO