Market update & Focuslist - 08/06

Evening Market Update & Strategic Insights

Heads-up, everyone!

Just a quick note to let you know I’ll be on vacation from August 10 to 23. That means there will be no Daily Reports during that time — we’ll pick things back up on August 24.

Thanks for your understanding — looking forward to coming back recharged and ready to hit the markets with fresh energy. 🙌

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Thought of the day

There’s a process to leaning back into the market — and it starts with early signs, not full conviction.

Right now, I’m watching for two things:

• MCO hook-up — early signal that selling is easing

• Higher low in price — first sign of structural support

These are anticipation setups, not confirmations. It’s where I begin testing — small positions, flexible mindset.

Then comes the confirmation phase:

• Reclaim of 21dma-structure

• MCSI turning up

• Breadth holding on retests

• Structural levels validating

Each step adds confidence. Each step earns more risk. This is the feelers-out phase — not the “load the boat” phase.

Patience here gives me clarity later.

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MARKET ANALYSIS

• MCSI is declining below the 10dma (contracting breadth).

• MCO hooked back up today.

• Breadth is back neutral, with a hook-up accross the board.

• QQQE potential higher low structure in play, and with QQQ confirming a 21dma-structure reclaim and daily reversal.

We now have the exact early anticipation setup I was looking for. Price confirming the potential higher low structure, but still below the 21dma. MCO/Breadth ext. hook-up and having that higher low structure as well.

Let’s see if we can follow-through on that tomorrow.

TLMM DASHBOARD NASDAQ (MODEL: PULLBACK)

MARKET INTERNALS

Credit Spreads (SHY/HYG)

First spike above the 21dma-structure of this entire rally. Retest of the structure - key spot tomorrow.

VIX (Volatility S&P 500)

First spike above the 21dma-structure since June. Retest of the structure - key spot tomorrow.

10Y Bond Yields (TNX)

Still in that giant multi-month base. Approaching the base bottom area….on watch.

/BTC (Bitcoin)

Potential higher low being made? if not and make a new low we re-confirm the downtrend.

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.

Join in to get the full scoop and stay on top!