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While the tech sector tries to lead, as you can clearly see SMH or Sister Semiconductors is trying hard to hold onto the 50-week moving average and must hang in there. 

I am thrilled that Granny Retail XRT has taken the lead in the market. 

I am sure most are shocked about the retail sector doing so well with tariff news, high interest rates, real inflation still nuanced and consumer sentiment declining. 

Nonetheless, we can thank beauty or lipstick consumers and along with that, my focus, the Vanity trade.  

Fabulous earnings this past week from ULTA, E.L.F. Beauty and Nu-Skin.  

Take that Nvidia!  

The domino effect from the diet drugs will only continue to grow while waistlines shrink. This trend is in infancy. 

Meanwhile, my overall sentiment is that: 

The “Inside” sectors: 

1. Transportation IYT has weaknesses which is notable.  
2. Regional banks KRE is showing stress. 
3. Retail XRT is neck-and-neck in strength with semiconductors.  

What does that all mean?  

Consumers have not given up, while the growth stocks remain the story.  

CAVEAT-should the transportation sector or banks fail further, and we see it in mainstream headlines, here comes the next correction (which we believe would be a buy opportunity).  

As for the rest of the Economic Modern Family, small caps IWM are wedged between the 50 and 200-WMA. 

Biotechnology IBB cannot seem to get out of its own way.  

Meanwhile, Bitcoin had an interesting week as well. 

Technically, after new all-time highs, Bitcoin is consolidating with a lot support down to 98-100K. 

By week’s end, we saw options right leaning slightly bearish with $359 million in outflows.  

We are still quite bullish and will be buyers of a dip. 

Our IBIT position from $44, we sold at $59.00  

We are now looking for a reentry.  

The sentiment as a legitimate store of value is changing. 

The Bitcoin Conference is over with the biggest takeaway that J.D. Vance and President Trump both own crypto and believe it can help everyday people.  

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