Syz the moment

Most people watch the Dow Jones Industrial Average (DJIA) and think they understand the market. But smart investors know: The trend isn’t real until the Transportation Index agrees. Here’s why ⬇️ 🔍 The Logic (100+ years old… still undefeated) If manufacturers (Industrial Average) are doing well, they should be shipping more goods. If more goods are being shipped, transportation companies (Transportation Average) should also be trending up. Production ↑ → Shipping ↑ → Healthy trend confirmed If Industrials rise but Transports fall? 🚨 Something’s off. Demand may be weakening. 🧠 How Dow Theory Uses This ✔️ Bull trend confirmed Both DJIA and DJTA make higher highs + higher lows. ✔️ Bear trend confirmed Both make lower lows + lower highs. ❌ No confirmation One goes up, the other flat/down → The trend is suspect. Momentum may be false or weakening. Source chart: J-C Parets

Oracle $ORCL is now approaching its largest drawdown in a decade Source: Shay Boloor @StockSavvyShay

$MSFT: $102 Billion $GOOGL: $98 Billion $AMZN: $94 Billion $NVDA: $56 Billion $AAPL: $55 Billion $META: $44 Billion $TSLA: $41 Billion Patient Investor @patientinvestt

Source: Trend Spider

Alphabet ($GOOGL) has been the single biggest driver of the S&P 500 this year… accounting for 19.4% of the index’s entire YTD gain. That’s what happens when you add $1.3 trillion in market cap in 11 months. Right behind it? Nvidia ($NVDA): +16.0% contribution (+$1.05T) Broadcom ($AVGO): +$520B Microsoft ($MSFT): +$380B Together with the rest of the mega-cap giants, the top 10 stocks now make up 59.4% of the S&P 500’s total gain this year. Which means the other 490 companies combined contributed just 40.6%. Source: The Kobeissi Letter, econovisuals

Stocks bottomed on November 20 and have staged a pretty impressive three day rally. Exactly in line with normal seasonality... Source: Ryan Detrick, Carson

source : bespoke

Source: Michael Burry Stock Tracker ♟ @burrytracker