One of the key ETF’s for the biotech sector is showing signs that the group could be on the verge of an important breakout.

Japan's yen is testing its lows from late-April. Whether the BOJ does something more concrete to defend their currency…or not…will be critical.  This is especially true given that the yen has been such an important currency for the “carry trade.”

Overbought groups can see outsized declines…even if their fundamental outlook remains strong.

A divergence has developed between crude oil & the energy stocks. So, if yesterday's breakout in WTI holds, the energy stocks will have some catching up to do.

The earnings estimates for the second half of this year…and for 2025…are going to HAVE to improve for the market to rally a lot more than it already has this year.  Excess liquidity won’t be around forever, so the “E” part of the forward “P/E” ratio is going to have to improve in a meaningful way.