Cybersecurity ETF $CIBR is trading really well here, turning up off the 50sma as it is trending. Got lucky with $NET (plenty of other difficulty though) as some of those names shrug off today's weakness. Chart by @marketsurge #IBDPartner#

Still a tricky time for most of Tech despite bigwigs like $MSFT & $AAPL pushing back to new all-time highs. Not many of us can claim +7.5% returns since October 1 like what Equal-weighted $SPX has achieved and yes, TODAY, Equal-weighed SPX is back at new all-time highs #IBD# @Marketsurge charts while DJIA rose 1500 As discussed in reports, it will take time for Tech to stabilize given the huge underperformance in Semis/Memory/AI infrastructure and $MAGS and IGV are better to favor near-term. Key risks remain US Dollar and rates pushing back higher in Nov, but a 3/1 positive breadth day today on continued cross-asset volatility collapse is a welcome step for US Equities and i'll detail further thoughts in tonights piece @IBDinvestors #IBDPartner#

$KYMR Kymera Therapeutics- I continue to find many HC stocks far more attractive than many within Tech these days, and scanning #IBD# "Breaking out Today" list which we're also building w/ Fundstrat AI, gives me the ability to compare what @Marketsurge is showing to what i show Beautiful long-term base breakouts are happening across sub-sectors within Healthcare. While i do anticipate Tech can lead the bounce into next week, it's got some "wood to chop" to say the least Elections can be a positive force for Partisanship lessening, but they're not the market clearing event many expect if Rates haven't officially peaked yet @IBDinvestors #IBDPartner#

$EMR Emerson Electric quietly pushing back up to new all-time highs on a daily and weekly closing basis while many remain distracted regarding Warsh, SKHY & Crack spreads hitting mthly lows. Not as much fun as picking bottoms in Memory stocks, but the ride might be a bit smoother to say the least in the next month This daily #IBD# chart from @Marketsurge shows the reasons for optimism here using textbook TA & would be encouraging to see volume pop above levels seen last week @IBDinvestors #IBDPartner# Always take the time to scan IBD's "Stocks Breaking out Today" list to see if it lines up with my own

$CVX has roundtripped its Spring correction to within striking distance of ATH. Chevron's $7 Billion dollar investment in Venezuela will be used to raise output by ~320k Barrels of Crude per day by 2031 Many angry about lack of immediate success in the Hormuz Strait fail to see this long game of US Oil heavyweights being able to take advantage of Crude being as high as it is to unlock the heavy Crude of Venezuela and restart production which wasn't possible when Crude was $60 This is a WIN/WIN for US Energy at a time when US already leads the AI race.. So in the global game of RISK... well.. the US comes out smelling like Roses! Patience pays off Charts via @marketsurge @IBDinvestors #IBDPartner# #UPTICKS#

As might be expected, the top 5 stocks making up #IBD50# index right now, aren't Tech, they're all Healthcare, specifically Biotech. The push higher today in TG Therapeutics $TGTX back to the highest levels in more than a month is happening on above-avg volume all this week, & should test & exceed July highs I always take time to scan @IBDinvestors lists of stocks within 5% of ATH from @marketsurge to see if they line up with my own lists, as this turns up some real gems #IBDPartner#

$XOP pushing back to new highs for 2026 just as front mth Brent, WTI climb to within striking distance of May peaks. I'll discuss tomorrow what the appeal of various parts of Energy are in my 1 hour Webinar & best ways to participate at this stage of the rally Charts courtesy of @IBDinvestors @marketsurge #IBDPartner#

A meaningful move in Technology today but one which creates a tricky short-term process for those that had derisked.. and while some stocks look quite good here technically, many of the Memory & Semis maintain bearish weekly momentum which will take time Both $TNX and Crude have to be watched carefully headed into 8/12-14 as uptrends could certainly kick into gear for both which have been tailwinds for risk assets in recent weeks. In my video tonight, i discuss a strategy for the best way to attack Tech for those who care. Below is #IBD# Equal-weight Technology ETF I'll be doing my monthly call on Thursday this week which comes at a timely period and encourage clients to join @marketsurge @IBDinvestors #ibdpartner#

Outside of Tech, $XLI was hard hit today, & $LII $PSN $VFC, $VRT $DBD, $ACHC all suffered abnormally big losses as XLI broke its trend from late March. While Tech losses thus far have not really spread to other parts of the market which have been strong of late, like HC, Fins, which along with Industrials, all made new highs in the last month, it's important to keep a close eye on these given that Tech losses have accelerated of late. The bifurcation has grown w/ Equal-weighted SPX having made new All-time highs yesterday but meanwhile SPX, QQQ just broke short-term support I'll be discussing this in notes in the days ahead, but today's XLI break is not dissimilar from what happened in $DJI and both look to have short-term downside given today's break. Selectivity is important for those short-term oriented @marketsurge @IBDinvestors #IBDPartner#

Despite $QQQ having broken June and July lows, we saw healthy gains in sectors like Healthcare, Financials, Utilities and Industrials ($XLI shown here) Many parts of Aero/Defense starting to rebound along w/ many Transportation names w DJT minor breakout back in mid-July This broad-based recovery in many sectors is actually quite healthy during a time when many are starting to turn more bearish ahead of Hyperscaler earnings. hmm @IBDinvestors @marketsurge #IBDPartner#