⚡ TheSMCTrader

A third straight down day: the S&P 500 -0.48%, the Nasdaq -0.64% and the Dow -0.77%. The same two pressures again — oil and rates: Brent cleared $100 a barrel (about $100.71, +2.85%) on attacks against Saudi energy infrastructure, Strait of Hormuz disruptions and firm Chinese demand, while the 10-year Treasury yield stays at a 52-week high above 4.8%. The scanner reads the market as yellow: SPY at 762.4 is still above its 50-day (758.0), but only 37.9% of stocks are — breadth is far weaker than the index itself. On the Wyckoff Gold list: the scanner ran today and there are no new breakouts — the last triggers were ULTA and EXE on Sep 1. Of the 14 open positions only two are green: COIN +1.38% and CEG +1.33%; the weakest are CSGP -10.50%, EFX -9.42% and CMCSA -6.15%, with the list averaging about -3.5%. STZ dropped off the list today — a -5.2% gap to $121.55 broke range support at $127.74 and invalidated the setup. Two candidates are still waiting: APO at $130.98, roughly 6.1% below its $138.97 trigger, and ZTS at $73.31, about 11.5% below $81.75. What to watch tomorrow: the CPI print lands Friday, Sep 11 at 8:30 — two days out, and one week before the Sep 16 rate decision. With oil above $100 and yields at a 52-week high, a hot number would press harder on any name trying to break out of a range. APO is the closest to a trigger, but it gapped -2.1% today and is moving away rather than toward it — in breadth like this it is better to wait for a real breakout candle on the chart than to front-run one.