Closing SA — 2026-05-29

Situation Awareness: Cautious. The session opened with geopolitical fear as oil spiked past $92 on U.S.-Iran military strikes, but reversed sharply to close at record highs after a 60-day ceasefire deal was reported. Trade mode for tomorrow: Selective and defensive, looking for early strength in software while monitoring oil stability. Today’s defining context was the “fear-to-greed” pivot driven by the Iran ceasefire news and a blowout earnings report from Snowflake. Regime context — 52.34% of stocks closed above their 40-day SMA (vs 59.31% prior day, regime held at Cautious), and the 4% Bull/Bear gauge shows 177 bulls vs. 115 bears. The 5-day trend shows a consistent up sequence, confirming upward momentum despite the morning volatility.

SIP: SNOW OKTA DELL LLY MSFT

• What’s working today: 2LYNCH: 19 signals, D9M: 4 signals, Reversal Bullish: 10 signals fired effectively.
• Leading sectors: Technology (+0.69%), Basic Materials (+0.43%), Financial (+0.28%); leading themes: Financial Software (+5.09%), Database Software (+4.67%), Security Software (+3.24%).
• Key event — Snowflake (SNOW) surged 36.44% to $239.12 on a $6B AWS deal and AI monetization inflection.
• Regime threading: morning SA called Cautious (59.3%), closing is Cautious (52.3%) — held as breadth compressed despite record highs due to sector rotation.
• DEP watchlist: OKTA, CRM, ESTC, GE, HON.
• SIPS: BZAI, RHLD, CPAY, CRS, GE.

Market Breadth — 2026-05-29

Sentiment 4%	Bullish	40SMA	Bearish
Bull 4%	177	Bear 4%	115
% > 20 SMA	100%	% > 40 SMA	52.34%
Bull 9M	47	Bear 9M	12