Update 11 AM  01-07-2025

Update 11 AM 01-07-2025

By CKN Staff

July 1, 2025

This is the market breadth reading as of 11 am today. Picture doesn’t look good at all for bullish views on the day.
While price damage may still be limited on the indices, the charts above show that the broad market are not sharing that same enthusiasm.
I would suggest taking a step back on trading directional longs today even if some signals are emerging on stocks or on Neotrader.
Can we short? Yes- if you are trading for the day (not swing trading).
Can we short calls? Yes, probably the best choice of vehicles for today.

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