#VIX is holding below horizontal resistance at 13.81. #TNX bounced off diagonal support and closed at 4.399%. Seems odd that the market is expecting a 25 bps cut on wed, but #TNX continues to rise.

Happy trading this week!

When it comes to the #sectors, #XLY #XLK and #XLC are leading the way from a #relativestrength perspective. However, back to our prior point in discretionarys it's #TSLA driving the move, in tech #AVGO

#IWM is normally considered the "canary in the mine" if that's true, we are in for a pullback. #IWM finished the week down by 2.45% and is testing the top of a gap from late October. 73% of #Russell2000 stocks were declining on Friday. Does not inspire a lot of confidence.

#QQQ has continued it's steady climb higher, finishing the week 0.77% up; however, looking at the heatmap it seems it's only a few stocks driving the push higher #TSLA #AVGO (24% gain on Friday 😮) #MRVL. Only 21 of the #NASDAQ100 stocks were advancing on Friday and we still hit an ATH.

#SPY has been holding just under diagonal resistance for the past week, finishing 0.59% down. The concerning part is some of the breadth readings, #RSP finished down 1.64%, only 46% of tickers are above their 50D SMA, and the ADV/DEC ratio seems to start strong and fade the rest of the day

#SP100 heatmatp

#NASDAQ100 heat map

Failing to hold the breakout, but the 10 and 20 day #SMA are still green so has not reversed direction yet, worth keeping an eye on #swingtrading #trading #stockmarket 📉📈