Intermarket Flow

Nailed it:

I believe you are right. I have lots of cash on the sidelines and am trying to figure out how to redeploy. Any categories you particularly like?????

Some of this is clearly a reversal of oversold technicals, but it is still very notable that rates and gold are rallying despite crude rising, esp as equities continue to sell off hard and the DXY is squeezing above 100.

The Famous Wall Street trick- wear everyone out and then drop it. Rounded top to an Ugly breakdown. A sucker rally next week to 6550 before final checkmate move to 6000 $SPX $SPY

How are the 'Magnificent 7' Tech Stocks doing so far this year? 🔴 Microsoft $MSFT -26.2% 🔴 Meta $META -20.3% 🔴 Tesla $TSLA -19.5% 🔴 Amazon $AMZN -13.6% 🔴 Alphabet $GOOGL -12.7% 🔴 Nvidia $NVDA -10.2% 🔴 Apple $AAPL -8.4%

🔴Global stocks are CRASHING: Global equities are down -8.56% in March, on track for the worst monthly decline since September 2022, when global markets were deep in a bear market. This comes as foreign investors have sold -$52 billion of Asian emerging market equities (excluding China) month-to-date, the largest monthly withdrawal on record. This exceeds the previous record set during the 2020 EXODUS by +49% and the June 2022 outflows by +148%. The largest withdrawals were posted in Taiwan, South Korea, and India, the countries most dependent on oil imports from the Middle East. This comes as Asian economies make up ~80% of crude oil demand flowing through the Strait of Hormuz, which effectively remains shut, putting disproportionate pressure on the region compared to the rest of the world. A strong US Dollar and a selloff in semiconductor stocks, driven by supply chain disruptions and concerns over the region's growth outlook, are adding further pressure. March 2026 is shaping up to be one of the most brutal months for global markets in years.

Add margin deceleration to the bearish side of the ledger. Comment: February cutoff suggests that surging oil prices and bond yields aren't the market's only problem.

$SPY Nothing’s changed. I was one of the first people to turn bearish, and I’ll be one of the first to flip bullish but only when the market actually shows it. In this video, I break down what I expect in both the short term and the long term across the market. I also explain why this is likely just the beginning of the drawdown and why we still have a long way to go.

Housing construction had some green shoots before the War. That window is closing with higher rates.

This is not a nice-looking chart IMO

Relative performance doesn't pay the bills but if you are planning to reduce from $MAGS, $NVDA might be the last one to touch. Still has the potential to outperform $MAGS

Record Tech Flows From BofA via BBG: - Tech had the biggest weekly inflow in client data history (2008) - Energy, Discretionary, Financials, Staples, Utilities, and Materials all had record or near-record outflows

Every major pullback on this chart found a bottom the same way. Williams % Range hit the Green Barrier (-100). Since 2018: • 6 times → direct bottom • 1 time → local bottom then continued selloff (2022 bear market) • 1 time → local bottom → final flush → hard bottom Fast forward to now: W%R just hit -100 again. History says this zone has consistently marked exhaustion. Could we see another bounce? Maybe. Could we see one more flush first? Also possible. But one thing is clear: Extreme readings = opportunity zone. Weekly signals > daily noise. $SPY