TradingEdge Weekly for May 15 - Tech leadership, inflation warnings, sentiment reversals, and breadth fracture
Key points:
- Technology sector leadership and momentum thrusts signal strong relative strength
- PPI inflation crossing 9% historically correlates with severe market drawdowns
- Rapid sentiment cycle reversal at record highs points to elevated near-term risk
- Simultaneous NYSE and NASDAQ Hindenburg Omen triggers warn of fractured breadth
- Put/Call and Gamma indicators reveal retail skepticism favoring a bullish bias
- S&P 500 new low spike flags rising correction risk despite index highs
- Seasonal and correlation data advise caution in Financials and Turkish equities
House view:

