Caterpillar - $CAT
Leading indicator for global economic growth, commodity and mining cycles. 🥸
China Tech - $CQQQ
Tech selloff in China appears to be picking up steam.
Discretionary / Staples - $XLY $XLP
This ratio continues to be stuck in reverse. If you are bullish, be cautious.
RATIO: Bear + Money Market Assets / Bull Assets
Here is an inverted chart to show just how bullish the dumb money is compared to 2009-2011 levels. The complacency picture has flip flopped. Anyone's guess if this 5% level can go any lower, but it is getting very stretched.
S&P 500 - $SPY
Updated chart... be careful out there... 👇
Mag 7 - $MAGS
A bearish wedge inside a bearish wedge with 2 years of negative divergence.
Commodities - $PDBC
The volume is still well below what we saw in 2022. That continues to suggest this move still has a ways before it matures.
Commodities - $PDBC
The volume this week is so far away from the high volume we saw in 2022. That suggests this move still has a long ways before it matures.



















