Market Rhythm Focus

A technical analysis update highlighting the outperformance of equal-weighted equities and WTI crude oil, while noting relative weakness in the Nasdaq 100.

Key Takeaways

• 1.Market rotation is favoring the S&P 500 Equal Weighted index over the standard S&P 500 index.
• 2.The Nasdaq 100 is showing relative weakness compared to other major indices, struggling below its 50-day moving average.
• 3.WTI Crude Oil is forming a bullish pennant, suggesting a likely continuation of the recent upward trend.

Table of Contents

• S&P 500 Equal Weighted
• DJ Industrial Avg.
• Nasdaq 100
• VIX
• KOSPI
• Generic 1st WTI Crude Oil Futures

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