The Market Chronicles: Daily review (Thu, 08/05/2025)

 Pre-markets look really great. We are in consolidation phase form the look of it. Not major changes in markets and it is doing some tight ranges in SPY and QQQ. This is a good sign of market consolidation.

SPY:




QQQ:


FOMO indicator is looking good as well.

ALL the market breadth indicators from 50MA and above are trending up which is good sign of recovery from trade war hiccup.

Growing sectors from last couple of weeks which are going up are Industrials(XLI), Technology(XLK), Communication services(XLC)

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