…in front of a steam roller.
I am certainly not a perma-bear, although being a cynic makes me lean more skeptical of all situations. However one must prepare for all outcomes. And one of those outcomes would be all my macro signs turning bullish:
Breadth (New highs consistently beating new lows every day)
10 yr yield below 4.5% consistently
Mag 7 and Semi mostly above the 50 day and smooth sailing
How are we doing on those fronts?
a. Breadth: We do not have this condition
b. 10 yr is at 4.5% but recently as high as 4.8%
c. AAPL, AMZN, GOOGL, NVDA, TSLA are above their 50 day. SOX is not
We need 2 out of the three to flip positive.
But this is the time to scan charts to see which opp to get in on. Here are a list of 65 I have covered as a starting point.