8/5 Alarm Cleared Quickly

Bullish That Fast?

Lines After Dark

Wednesday Market Update - August 5, 2026

Less than week has passed and by the data— the alarm has been cleared. The risk on barometers are trading right at key bullish levels. In the note last week I wrote that my preference was to see a breakdown below 7300 before trading the downside. There was no breakdown below 7300 through mid week. All hedges removed.

ARKK and IWM are where I will aim to capture outperformance on a continued market advance. GRMN (Garmin) will be shared as a trade idea on Sunday.