Market Temperature Edges Up to 5.0 - Back in the Goldilocks Zone as SPY and QQQ Post Record Weekly Closes

Defensive Sectors Outperform, Software Rallies as Semis Pull Back, and Breadth Ticks Higher for the First Time in 8 Weeks

Oct 12 • Marcus Grant, CFTe

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Market Temperature Slips to 4.9 - Back in the Cautious Zone as Breadth Continues to Weaken

NVIDIA and the Chip Equipment Makers Drive QQQ, Mega-Caps Drop Off the Momentum Leaderboard, and Refiners and Cyber Stocks Hold Near All-Time Highs

Oct 5 • Marcus Grant, CFTe

September 2026

Market Temperature Rises to 5.0 - Back in the Goldilocks Zone, But Only Just

Tech Has a Big Week, as Breadth Continues to Deteriorate and Bond Volatility Jumps

Sep 28 • Marcus Grant, CFTe

Market Temperature Slips to 4.5 - A 2nd Week in the Cautious Zone

QQQ Holds 700 and Bounces to Finish the Week, FNGS Holding Up, However Breadth Continues to Deteriorate as Downtrend States Now Outnumber Uptrends

Sep 21 • Marcus Grant, CFTe

Market Temperature Drops to 4.8 - Into Cautious After 5 Weeks in the Goldilocks Zone

Breadth Narrows, as New Names on the Momentum Leaderboard Signal Reduced Risk Appetite, While Semis and AI Quietly Show Some Relative Strength

Sep 14 • Marcus Grant, CFTe

Market Temperature Edges Up to 5.4 - In the Goldilocks Zone For a 5th Straight Week

SPY Holds 760 and Bounces, Energy, Commodities and Health Care Back on the Momentum Leaderboard as Software Drops Off

Sep 8 • Marcus Grant, CFTe

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August 2026

Market Temperature Slips to 5.3 - But Still in The Goldilocks Zone

Mega caps outperform, equal-weight software (XSW) makes a new all-time high, and small & mid caps get hit on Friday after Warsh’s speech

Aug 31 • Marcus Grant, CFTe

Market Temperature Eases to 5.7 - Commodities and Crypto Lead as the Broadening Stalls

All nine major indices lower for the week, and the semi ETFs fail at their 50-day SMAs

Aug 24 • Marcus Grant, CFTe

Market Temperature Steady at 5.9 - The Rally Broadens On Multiple Measures Despite Higher Oil Prices

6 of 9 major indices close the week at all-time highs, Strong Uptrends jump from 33 to 48, which is nearly 40% of the universe, and the semiconductor…

Aug 17 • Marcus Grant, CFTe

Market Temperature Jumps to 6.0 - Back in the Goldilocks Zone

Miners dominate the momentum board, all-time weekly closing highs for all major indices except the Nasdaq 100, with semi and AI names yet to confirm

Aug 9 • Marcus Grant, CFTe

Market Temperature Up to 4.8 - But Still in The Cautious Zone

Software and China top the momentum board, while semi and AI names continue to underperform

Aug 3 • Marcus Grant, CFTe

July 2026

Market Temperature Slips to 4.3 - Energy Leads, and Rotation Is Holding Up the S&P 500, For Now

Semi & AI names sold for another week, oil & defensives dominate the momentum board, and a watchlist of names showing relative strength

Jul 27 • Marcus Grant, CFTe

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