Situation Awareness: Bullish. Equity futures point sharply higher into a holiday-abbreviated week, with tech leading a rebound after last week’s chip-driven swoon — S&P 500 futures +64 at 7,465, Nasdaq futures +351 at 29,720, Dow futures +254 at 52,463. The structural story is rotation maturing into broadening: the S&P 500 lost 2% last week while the Equal-Weight index gained 1.6%, and now the mega-caps are trying to rejoin the move. A weekend US-Iran strike exchange ended in a ceasefire with talks set for Tuesday in Qatar, de-risking the Strait of Hormuz and keeping crude below $70. Trade mode: aggressive but selective breakout — chase quality, respect that semis remain the swing factor. SPY/QQQ/IWM cash levels are data-unavailable today, so lean on futures and breadth. Regime context — 66.3% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 808 bulls vs. 233 bears. The 5-day breadth trend expanded firmly, with the 40-SMA reading climbing +4.7pp day-over-day and the 20-SMA up to 84% from 80%, signaling improving participation beneath choppy headline indices.
SIP: APOG ACAD ON ASND
- What’s working: Continuation/2LYNCH scan is rich with 37 signals — healthy breadth. Reversal scan thin at 2 (AMD, DELL). No Delayed-9M signals firing.
- Leading sectors: live Trending Sector and Theme data unavailable (market closed); ATR volatility table also empty. Use last week’s rotation map — Health Care (+7.9%), Real Estate (+4.0%), Utilities (+3.9%) led; Info Tech (-5.4%) and semis (-7.9%) lagged.
- Key event: US-Iran ceasefire holding ahead of Tuesday’s Qatar talks — crude relief is the macro tailwind feeding the rebound.
- Market read: Last week’s tape was a concentrated tech reset, not a broad break — DJIA +0.6%, Russell 2000 +1.0%, Mid Cap +0.7%. Breadth expanding into today supports a constructive open.
- DEP watchlist: no D9M signals today — stand down on that book.
- SIPS: IBRX, NAVN, DKS — top continuation candidates for swing entries.