[Chart courtesy of MarketWatch.com]
- Moving the market
Stocks bounced back today as lower bond yields, softer oil prices, and renewed strength in technology gave investors a few good reasons to step back into the market.
Tech did most of the heavy lifting, while the 10-year Treasury yield slipped back below 5%, taking some pressure off equities. Oil also retreated toward $100 as supply concerns eased, another welcome development for a market that’s had plenty to digest lately.
Elsewhere, the dollar gave back some of yesterday’s jump, gold recovered toward $4,400, and the metals complex had a strong showing.
Silver gained 3.35% and copper 2.71%, while Bitcoin headed back toward $77,000, apparently deciding yesterday’s Fed rate hike wasn’t worth losing sleep over.
So, today’s rebound was encouraging, but one good session doesn’t settle the argument.
Was this simply a dead-cat bounce, or are traders starting to see a clearer path now that the Fed has finally shown its hand?
2. Current domestic “Buy” Cycle (effective 5/20/2025); International “Buy” Cycle (effective 5/8/25)
Our domestic bullish cycle that began on November 21, 2023, concluded on April 3, 2025, following a market downturn triggered by President Trump’s tariff policy announcement.
This development caused significant declines across major indexes and broader market indices. However, markets subsequently rebounded, culminating in a new domestic “Buy” signal taking effect May 20, 2025.
Concurrently, our International Trend Tracking Index (TTI) experienced parallel volatility. On April 4, 2025, it breached critical thresholds, prompting a “Sell” recommendation. This position reversed as global markets recovered, with the International TTI regaining sufficient momentum to issue a new “Buy” signal effective May 8, 2025.
3. Trend Tracking Indexes (TTIs)
Markets found their footing today, bouncing back nicely from yesterday’s selloff.
The major indexes posted solid gains, while metals and Bitcoin joined the party, with silver stealing a bit of the spotlight.
Our TTIs moved higher as well, though more modestly, as tech clearly had the hot hand today.
This is how we closed 09/17/2026:
Domestic TTI: +4.34% above its M/A (prior close +3.83%)—Buy signal effective 5/20/25.
International TTI: +5.30% above its M/A (prior close +4.32%)—Buy signal effective 5/8/25.
All linked charts above are courtesy of Bloomberg via ZeroHedge.
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