Updated Models & Spotlight Charts 1/11/2026

Silver Bag Holders, Mag 7 Laggards, & Country That Is Ripe to Rotate Lower

Another new high for the S&P 500 which continues to show strength and improving breadth. In one of the three Spotlight Charts this week, I discuss the unique development of the market rising despite the weakness in the Mag 7, showing strength in both EW and asset size. Risk Appetite has also continued to move higher. I’ll be doing a post looking more in-depth at the Risk Appetite data I share and how it can be used, that should be posted in the next week or so.

Gold also showed some strength recently, just not in U.S. dollars. Gold made a new weekly high in the Euro and Franc but sits just under the prior high in USD. Silver prices are now over 80% above the 200-day MA and this part of the topic for Spotlight Chart 2, which looks at the positioning data in Silver and how one group is fading this move while another is trying to jump in.

Finally, Spotlight Chart 3 looks at one int’l country Index and currency that is shaping up to see a reversal lower based on the positioning data displaying a massive spread.

Stay tuned for more information about the soon-to-be launched stock ideas scan list. I’ll be publishing scan results each week. More information will be shared soon, including a look at what goes into tools creating the list. Of course, this will only be shared with paid subscribers.

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Summary of Models

Index & Sector Performance Summary

Volatility Risk Trigger

VRT remains at 48 and is the system’s internals are getting close to moving to a signal threshold.