Situation Awareness: Cautious. The market is attempting to shrug off geopolitical tensions and focus on individual earnings stories, but overall sentiment remains guarded amid ongoing uncertainty regarding U.S.-Iran relations and slowing wage growth. Index levels are unavailable. Trade mode: selective and defensive. This week sees a lighter earnings load and focus on April Existing Home Sales data, overshadowed by geopolitical unrest and President Trump’s upcoming summit with Chinese President Xi. Regime context — 63.79% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 0 bulls vs. 0 bears. The 5-day trend shows (data unavailable)
SIP: CEVA INBX KGS MNDY
- What’s working: Earnings-driven gaps and continuations are showing some promise.
- Leading sectors: Technology is spiking (RSPT 5.21), Financials (RSPF 1.72%), Materials (RSPM 0.2).
- Key event: April Existing Home Sales data due at 10:00 a.m. ET could offer insight into consumer health.
- Market read: Friday saw a rotation into semiconductors and mega-cap tech; today’s flattish open suggests some hesitation to extend that trend.
- DEP watchlist: DDOG FTNT PANW
- SIPS: ANGX APPS FTXL