I also noticed that consumer discretionary, which had been holding up, is starting to weaken, too. Check out LOW as an example on today's earnings. Another canary?

yep - perhaps it's a canary in the coal mine early warning.  I've been pointing this out since the weekend newsletter

Sure looks like it. I spotted that today when reviewing my holdings. The STS system also went flat on IYT on May 17. Guess we should have listened sooner!  :o)  (I've been out of town for a week, so I didn't get the signal till today.)

IYT - Chart Link could this be a H&S?

Tuesday Newsletter

no new STS stops for SPX or SPY or SSO, but there was a new one for UPRO, the 4th one since entry

Dear JPOW , Thank you so much for keeping a Fed put in place so us wealthy people don't have to spend money on it ourselves. This VIX level is amazing! I realize maintaining it so low over this long a period has required massive currency debasement, but look at our accounts! And, let's be honest, we know who bears the brunt of inflation anyway and we'll probably have to take care of most of them at some point anyway. Don't listen to your detractors - try to think of all this as you helping the rich help the poor someday.  Keep on keeping on - we're loving it! 

thank you very much for the update and your efforts!

I like the tight coil of LCID, low priced stock but could pop.......

GCT - Chart Link

MSFT - Chart Link

$SPX - Chart Link- could be a small ascending triangle 

A couple of days ago I sold some OUST and bought more LIDR. Today I sold some LIDR and bought more OUST. I don't know why two companies that seem to do the same thing (autonomous driving sensors) keep going in opposite directions, but I'm trying to take advantage of it.

FSLR new highs today

QQQ - Chart Link

Nice move from earlier 

LPG - Chart Link

As another engineer, Amen, well said!!    Thanks Matt and James and Steve.....

As an engineer, I want to acknowledge the hard work it takes to put something like this together.  Please offer some grace to James and Matt.  On the surface, it may seem "it just works" but it doesn't work just like that.  It takes a lot of engineering craftsmanship and quality control to get there.  If this was rolled out prematurely, there would be thousands of questions and it would end of being more of a distraction that a value add so it'll happen when it happens.  This community is very much a family business and doesn't have the resources of big tech that can throw hundreds of engineers at it.