Situation Awareness: Cautious. Futures point to a higher open despite geopolitical uncertainties and rising oil prices, with semiconductors attempting a rebound after yesterday’s broad market pressure. Trade mode: selective and watchful. Today’s specific context — geopolitical tensions surrounding U.S.-Iran, tariffs from the White House, and a batch of mixed earnings reports are calling the shots. Regime context — 57.73% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 110 bulls vs. 175 bears. The 5-day trend shows a decline in the % above 40MA, suggesting a contraction in breadth.
SIP: EFX, MMM, GM, NVO
- What’s working: Continuation signals are present, especially in Software.
- Leading sectors: (Market closed — no live data); leading themes: (Market closed — no live data). Based on previous session, Technology (+0.1%), Energy (+0.6%), and Communication Services (+0.7%) showed gains.
- Key event — Geopolitical tensions remain elevated with potential U.S. tariffs and ongoing Middle East conflict.
- Market read: Yesterday’s session saw early strength fade, largely due to semiconductor profit-taking, rising Treasury yields, and higher oil prices, setting a tenuous tone ahead of earnings.
- DEP watchlist: (No signals)
- SIPS: TTAN, BABA, HUBS