Northstar

• Sold a fund position to sit in cash for a while

  8,9%

  11 September 2026

  The fund has fallen 8,9% since the sale, so selling is currently ahead by that much.

• Passed on adding to a chip maker

  5,6%

  26 September 2026

  What you passed on has fallen 5,6% since then.

• First tranche: the Nasdaq 100 closes at or below 27,500

  27 500 points5,0% to fall

• Second tranche: the Nasdaq 100 closes at or below 25,000

  25 000 points13,7% to fall

• Third tranche: the Nasdaq 100 closes at or below 22,500

  22 500 points22,3% to fall

• The wait ends: the Nasdaq 100 closes at a new high above 31,000

  31 000 points7,1% to rise

The market read

• Bitcoin

  79 806 USD

  -2,5% on the week · -5,5% on the month · 30,3% off the top of 26 Oct 2025

  below the 50-day average · 9,3% above the 200-day · RSI 41, middling

  uptrend (50-day 12,1% over the 200-day) · momentum easing · 36,3% off the low

• S&P 500

  7 677 points

  -0,2% on the week · -0,9% on the month · 1,8% off the top of 6 Oct

  below the 50-day average · 5,2% above the 200-day · RSI 47, middling

  uptrend (50-day 5,5% over the 200-day) · momentum building · 21,0% off the low

• Nasdaq

  26 169 points

  -1,0% on the week · -3,3% on the month · 5,2% off the top of 6 Oct

  below the 50-day average · 4,7% above the 200-day · RSI 42, middling

  uptrend (50-day 6,3% over the 200-day) · momentum building · 25,8% off the low

RSI measures how strong recent gains are against recent losses, from 0 to 100; below 30 reads washed out, above 70 overheated. Momentum is the MACD read, whether the trend is gathering pace or losing it. Readings only, refreshed with the page.

• Rotation alarm · iShares Global Tech Index

  -9,7% off the peak

  your written buy-back trigger fires at -20% · peak 17 Sep

• •

  Add to the chip leader only on a real dip · NVDA at or below 175 USD

  Retire
• •

  Trim the networking winner a quarter into strength · ANET at or above 195 USD

  Retire
• •

  If no ladder line has fired by October, revisit the plan at the desk · 1 Oct · 25 days overdue

  Retire
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