Market Performance Framework

1. Market Overview:

   • Nasdaq continued it’s BULLISH trend. SPY and DOW JONES are still BEARISH. But BULLISHNESS is seeping back into US markets.

2. Key Focus Area:

   • Watch tech, it’s showing a bit of a bid. I need to be very selective.

3. Current Outlook and Indicators:

   • Short-term volatility indicators are showing BULLISHNESS returning. Negative sentiment peaked when Trump paused tariffs.

4. Long-Term View:

   • We have hope the outcome of this market is higher and All-Time-Highs. For now, it’s generally Risk-On. But Risk-Off is lurking.

Volatility Corner Framework

1. Indicator Update:

   • Short-term or medium-term, we have a serious bottom in market turbulence. We’ve dropped 20% of our BULLISH VIBES from 3/1 through 5/1. Are we in the eye of the storm or the start of new weather?

2. Technical Context:

   • Generally, I believe this is going to be a very BULLISH period until the daily turbulence indicator (which I rarely reference) hits about 5.0. Which happens to be the 69 D SMA (this week) - Then I suspect we get a big jump in volatility in the middle of the summer. (Maybe: End of June/July 4th)

1. Risk Assessment:

   • I’m staying long BULLISH trends. Hope to buy on dips.

MACRO INDICATOR:

• MACRO SEASON: BEARISH Since 3/7/25🛑 (Watch for a flip)

• MICRO WEATHER: BEARISH Since 2/21/25🛑

New Highs $5-$20:

1. ICL – ICL Group Ltd – Basic Materials – 🇮🇱 Israel

2. GTX – Garrett Motion Inc – Consumer Cyclical – 🇨🇭 Switzerland

3. ADPT – Adaptive Biotechnologies Corp – Healthcare – 🇺🇸 United States

4. HCSG – Healthcare Services Group, Inc – Healthcare – 🇺🇸 United States

5. TAK – Takeda Pharmaceutical Co ADR – Healthcare – 🇯🇵 Japan

6. BCS – Barclays plc ADR – Financial – 🇬🇧 United Kingdom

7. SPNT – SiriusPoint Ltd – Financial – 🇧🇲 Bermuda

8. KT – KT Corporation ADR – Communication Services – 🇰🇷 South Korea

ICL – ICL Group Ltd – Basic Materials – 🇮🇱 Israel

GTX – Garrett Motion Inc – Consumer Cyclical – 🇨🇭 Switzerland

ADPT – Adaptive Biotechnologies Corp – Healthcare – 🇺🇸 United States

HCSG – Healthcare Services Group, Inc – Healthcare – 🇺🇸 United States

TAK – Takeda Pharmaceutical Co ADR – Healthcare – 🇯🇵 Japan

BCS – Barclays plc ADR – Financial – 🇬🇧 United Kingdom

SPNT – SiriusPoint Ltd – Financial – 🇧🇲 Bermuda

KT – KT Corporation ADR – Communication Services – 🇰🇷 South Korea

New Highs $20+:

1. BRK-B – Berkshire Hathaway Inc – Financial – 🇺🇸 United States

2. NFLX – Netflix Inc – Communication Services – 🇺🇸 United States

3. SAP – SAP SE ADR – Technology – 🇩🇪 Germany

4. SPOT – Spotify Technology S.A – Communication Services – 🇱🇺 Luxembourg

5. DUOL – Duolingo Inc – Technology – 🇺🇸 United States

6. VEA – Vanguard FTSE Developed Markets ETF – Financial – 🇺🇸 United States

7. EUAD – iShares ESG Aware Developed Markets ETF – Financial – 🇺🇸 United States

8. EWS – iShares MSCI Singapore ETF – Financial – 🇺🇸 United States

9. GRND – Grindr Inc – Technology – 🇺🇸 United States

BRK-B – Berkshire Hathaway Inc – Financial – 🇺🇸 United States

NFLX – Netflix Inc – Communication Services – 🇺🇸 United States

SAP – SAP SE ADR – Technology – 🇩🇪 Germany

SPOT – Spotify Technology S.A – Communication Services – 🇱🇺 Luxembourg

DUOL – Duolingo Inc – Technology – 🇺🇸 United States

VEA – Vanguard FTSE Developed Markets ETF – Financial – 🇺🇸 United States

EUAD – iShares ESG Aware Developed Markets ETF – Financial – 🇺🇸 United States

EWS – iShares MSCI Singapore ETF – Financial – 🇺🇸 United States

GRND – Grindr Inc – Technology – 🇺🇸 United States

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