Market Performance Framework

The market’s talking out both sides of its mouth. Nasdaq says “bullish,” but volume is falling and higher highs are MIA. The Dow’s still choking on bearish weekly sentiment, and SPX is caught mid-stride. We're technically in "Risk On" across the board, but VIX volatility inflections and tightening ranges say we’re nearing a decision point. CPI could be the spark. Until then: higher lows, lower volume, and a tired bull trying to grind uphill.

Volatility Corner Framework

1. Indicator Update:

   • Bullishness has returned. Which is a delight for investors and traders alike. The reality of the indicator here is that turbulence in markets is now part of our environment. We may not notice it now, it may dampen down from where it was in March of 2025 but it’s here. That’s a fact none of use can ignore. I’ll use it as a way to pay attention to ranges.

MACRO INDICATOR:

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

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

US Index ETF Review:

SPY

• Bullish Trend Since 5/6/25🟢

• Go LONG Since 5/6/25🟢

• Price to RISE Since 4/30/25🟢

DIA

• BEARISH Trends Since 2/24/25🛑 (pending a flip to BULLISH on Monday)

• Go LONG Since 5/6/25🟢

• Price to RISE Since 5/7/25🟢

QQQ

• BULLISH Trend Since 5/6/25🟢

• Go LONG Since 5/2/25🟢

• Price to RISE Since 4/29/25🟢

IWM

• Bearish Since 2/24/25🛑

• Go LONG Since 5/6/25🟢

• Price to RISE Since 5/2/25🟢

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