🟢 Market Signal: RISK ON. // Historic times in the markets. The rocket ride up is likely over for now—professionals have shifted to neutral. Indices are either consolidating sideways or setting up for a short, scary pullback that should resolve higher. // Breadth stays very bullish, with several sectors that lagged the past three weeks ready to lead while the frontrunners digest gains. A clean retest of breakout levels would be ideal but probably won’t come right away. With sidelined cash still waiting, the market may first dip lightly to draw in FOMO buyers, then deliver a sharper retest in a few weeks to shake out weak hands before the next leg higher. Anyways, the next 1-3 days should see more bearishness. // Earnings season ramps up this week. // Action: Place stop-buy orders along the EMA12 and EMA21 to add to long-term positions (update daily). For swings, target consolidations and pullback entries—especially the second leg. Avoid extended stocks, which are prone to profit-taking. Watch for HVBO setups with or without catalysts, but expect volatility and give them room—don’t tighten stops too much. 1. This week, the stock market delivered another strong advance, with equities moving back into record territory as falling oil prices, improving geopolitical conditions, and powerful leadership from mega-cap and technology stocks drove index-level gains. The S&P 500 rose 4.5%, the Nasdaq Composite 6.8%, and the DJIA 3.2%, while the Russell 2000 advanced 5.6% and the S&P Mid Cap 400 gained 3.5%. Growth sectors led decisively with information technology up 8.1%, communication services 6.3%, and consumer discretionary 6.6%. The $IGV surged 13.9%, the PHLX Semiconductor ETF rose 7.5%, and the Vanguard Mega Cap Growth ETF climbed 7.3%. Financials rose 3.3%, real estate 3.8%, and industrials 1.2% on improved risk appetite, while utilities fell 1.7%, consumer staples were flat, and energy declined 3.4% as crude oil fell roughly $12 per barrel, settling below $85 amid ceasefire progress, Strait of Hormuz reopening signals, and upcoming Pakistan negotiations. On Friday, the stock market capped an impressive week with a strong rally as retreating oil prices, improved rate-cut odds, and broadening participation pushed stocks further into record territory. The S&P 500 rose 1.2% and the Nasdaq Composite 1.5% to record highs for the third straight session, with the Nasdaq posting its 13th consecutive gain, while the DJIA advanced 1.8%, the Russell 2000 2.1%, and the S&P Mid Cap 400 2.0%. Crude oil futures fell $10.49 (-11.1%) to $84.22. Notable moves included $UAL up 7.10% and $RCL up 7.34% on lower oil, $AAPL gaining 2.59% after higher China iPhone shipments, and $NFLX dropping 9.72% on weak Q2 guidance, with $GOOG up 1.99% and $META up 1.73%. Consumer discretionary rose 2.0% and industrials 1.8%, information technology gained 1.6% with semiconductors up 2.4%, while energy fell 2.9% and utilities 0.4%. The 2-year Treasury yield declined eight basis points to 3.70% and the 10-year six basis points to 4.25%, as December rate-cut odds rose to 50%. Key economic news for this week: Mon – no major reports; Tue – Retail Sales, Retail Sales ex Autos, Business Inventories, Pending Home Sales; Wed – no major reports; Thu – Jobless Claims, Services PMI, Manufacturing PMI; Fri – Consumer Sentiment. $IXIC another gap up and now 13 days in a row positive, closes up over 16% in those 13 sessions. $SPX shows similar action. Also 3 strong weeks up in a row and blue sky breakout. // Mag 7 $MAGS same action yet just back in its last 6 month trading range. Mid caps $MDY and small caps $IWM after a few days of consolidation breakout into new ATHs. Negative is the gap though. // Semis $SMH keeps powering higher and at new ATH weekly closing. Software $IGV positive for the past 5 days but last two days closing below its open. Some are using the strength to sell into. Yet back above its 12/21/50 MAs. Yet remains way below its 200MA and still deep in bear territory. One week of strong action. Health care $XLV not joining the party but just consolidating sideways above its 200MA. Financials $XLF gets rejected at its 200MA and makes a bearish reversal candle. // Value $VTV breaks out of short consolidating range which is constructive. Growth $VUG up 13 days in a row and now at resistance levels. // Gold keeps consolidating sideways around $4,800 and between its 50 and 12/21 MAs. BTC pulls back into its previous range and closes below $75k. The weekly shows a clear rejection at its declining EMA21. Looks similar here like in January before it flushed down further. Not looking very impressive here. Especially with this strong risk on backdrop the past 3 weeks. // Rates $TNX retesting the previous pivot of trading range. // VIX down 3% and at 17 in low volatility territory. // No new extremes in indices. 2. Another strong breakout day with 600+ stocks up. Breadth very bullish. 20s remain in extreme bullish territory for 9 straight days now. The next 1-3 days should see more bearishness. // Market Signal RISK ON. 3. EOD: $APG, $CIFR, $CRML, $DLTR, $FCX, $HUT, $LGIH, $MRVL, $OCUL, $PAYS. ANTS: $AGPU, $BE, $BW, $FC, $LIN, $LRCX, $LUMN, $MU, $SKYT, $TH. SWINGS: $FCX, $IGV, $NESR, $RKLB. EP: $CRML.