The reason was the bond market: yields pushed through 5% and repriced every stock at once. But the index color hid the real story. The market did not fall as one. The leaders held. $QCOM closed up over four percent Tuesday while the indexes bled, the cleanest strength on my board. $META held green while the market fell, its relative strength at the top of my scale, though it is getting overbought. The weak side sank. $WDC , $LRCX and $AMAT , the equipment behind the AI chips, carry some of the weakest strength on my board and stayed in distribution. That is the weak side, the names the money is leaving. Two I have tracked: $AVGO kept leaking, down more than six percent, my skip holding. $ABBV walked right up to the line I have watched and my scanner flipped it to a buy, the buyers finally at the door. Not investment advice. Find more of my deep dives on my newsletter 🐝
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