Market update & Focuslist - 06/04

Evening Market Update & Strategic Insights

Thought of the day

Why Doing Less Made Me a Better Trader

One of the biggest shifts in my trading journey was realizing that doing less actually moved me forward.

When you come from a 9–5 world, you're wired to believe that being busy = being productive. You're rewarded for effort, presence, and filling your day with tasks. The more you do, the more it feels like progress.

But trading isn’t like that.

In fact, that mindset — trying to stay active, always in something — is what hurts most traders early on. I used to chase setups all day, thinking I had to be constantly engaged to move forward. More alerts, more tickers, more action.

But the only thing that really grew was my frustration and drawdowns.

Over time, I realized that most of my real progress came from restraint.

From doing less, but doing it with focus and intent.

Some of my best stretches came from trading just a few names, over and over — the ones I understood deeply. I sized up only when conditions were aligned: the setup, the structure, the market, and my own state of mind.

Doing less isn’t lazy. It’s strategic.

It’s letting the market come to you — not forcing your will on it.

That’s what creates consistency — and peace of mind.

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MARKET ANALYSIS

Stalled at recent highs. The market looks a bit tired, considering the breadth hook down and weak MCSI follow-through.

I will aim to reduce exposure further tomorrow if that weakness persists.

BREADTH

• MCSI (McClellan Summation Index) - Still uptrend, but weak follow-through and I don’t like to see MCO hook-down, with the %5dma hooking down from OB area.

• %50dma (MT breadth) - Hooking down from OB area.

• %5dma (ST breadth) - Hooking down from OB area.

TLMM DASHBOARD NASDAQ (MODEL: Uptrend Attempt)

MARKET INTERNALS

Credit Spreads (SHY/HYG)

Downtrend below 21dma structure.

VIX (Volatility S&P 500)

Downtrend below 21dma structure.

10Y Bond Yields (TNX)

Potential breakdown. Below 21dma-structure.

/BTC (Bitcoin)

A very tight higher low structure, right in the 21-day moving average (DMA) area. It could be the spot, but it has to hold here, or it invalidates the setup.

Hey, tonight's report is packed!

Sector breakdowns, focus setups with alert levels, fresh scans, my latest portfolio moves, and a look at the week ahead.

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