Last Friday at 1:45 p.m., it looked like the pattern of the week—short selling into the close—would happen again, but this time on high octane.

• Economic Data was disastrous
• World War III was mentioned during the President Trump presser with Zelenskyy
• Media shifted into overdrive to condemn President Trump and VP Vance

Then, the market found its footing, and buyers emerged quickly. In fact, judging from the surge into the close, it's safe to say these buyers have been waiting and pounced on algorithm-triggered selling.

Market Breadth

There was also a monumental reversal in market internals.

Advancers swamped declines, especially on the New York Stock Exchange (NYSE), and the up volume more than doubled, reflecting the urgency to get on the right side of the trade.

However, new lows were still significantly higher than new highs as post-earnings season disappointments would not find buyers when earnings winners were also under pressure.

Market Breadth	NYSE	NASDAQ
Advancers	1,923	2,799
Decliners	844	1,672
New Highs	61	68
New Lows	142	409
Up Volume	4.55 billion	5.71 billion
Down Volume	2.00 billion	2.65 billion

Extended Factors

A blanket of green on Fridays adds an extra bump to the weekend. And considering what was at stake for the week and the year, all the green spells opportunities. Growth and Momentum were the biggest winners, but there is something for everyone looking for reasons to be ‘long.’

Heat Map & Trump Put

The stock market rallied as if the world had moved closer to peace. Some will argue the market just got closer to the so-called ‘Trump Put.’ The theory is that President Trump is so enamored with the stock market as a gauge of success that he will take action to goose equities should the November 5^th close be removed.

Look at History

The last time President Trump increased tariffs, the buildup was the stuff of Armageddon and the end of capitalism. The hysteria helped to budge stocks lower momentarily, and then equities found their footing again.

Today’s Session

Crypto is getting all the love this morning after the White House announced a U.S. Crypto Reserve, late Friday.

The announcement sends Bitcoin (BTC) up $14,000 in three days, or 18%, and back above $92,000.

The addition of other currencies includes,

• Solana (SOL-USD)
• XRP (XRP-USD)
• Cardano (ADA-USD)

It was a surprise, causing some outrage.

This morning stocks on the move from the news include: Coinbase Global (COIN), Robinhood Markets (HOOD), MicroStrategy Incorporated (MSTR), and MARA Holdings (MARA).

As for the market, despite that strong rally into the close on Friday, we are not taking the bait out the gate this morning.

I would like to see last Monday’s intraday high taken out, on stronger than average volume.

Comments

Really love the weekly bubble plot! Really cool stuff! Is there a template? ;) John Holdsworth on 3/4/2025 6:48:27 AM

John - You can find the bubble charts at Finviz.com/bubbles. They are really cool. Tom Hall, Phoenx, AZ on 3/4/2025 12:46:27 PM

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