I'm no technician, but that looks like a breakaway gap on the highest volume ever:) $BBAI

$HSI Hong Kong Hang Seng with more than 85% of issues above their respective 50-ma. Crossing >80% is a significant sign of momentous strength. 3rd time in the past year. Higher highs & lows since Jan 2024. $KWEB $FXI $MCHI MarketCharts.com

As some have noted, breadth across the board isn't awful. But note that it's horrid in the tech sector. Only 2 of the 69 holdings in $XLK were positive for the day. That's 97% decliners. Clumps of nasty here. The two positive on the day were $CDW and $CTSH.

7 of the IBD Weekly Top 50 this week were Chinese/HK ADRs. I haven't seen this many for quite a while. $ATAT $ZLAB $ONC $FUTU $LI $PDD $BZ

Mid-week humor

CPI on deck.

Dinner last night at my (upscale) retirement facility: Resident #1: The stock market’s been really bad recently. Resident #2: Yes, but it’s “oversold”. I am not asked about my market thoughts, nor do I volunteer them. (Ever.) And so life goes on here at Sandhill Cove...

Not any more; Johnny Law followed him first.

Breadth is still deteriorating by this measure. Note: percentage of stocks >20dma is not a high bar.

This is why the Democrats want to destroy me x.com/newstart_2024/…

I have a feeling we’re going to be hearing a lot about Manus soon. The AI models we’ve had so far are pretty awesome, but Manus is on a different level because of what it can do for humans practically.