Welcome to the Real Vision Daily Briefing. You're watching a special live edition. I have the

privilege of being joined by Tom Thornton of Hedgebun Telemetry. Tom, how are you doing?

I'm doing great. I just another wild week in the market and the close here. I don't know what

happened, but somebody had their elbow on the buy button and just jam things higher, which is

pretty amazing. Yeah, we were on the call about 10 minutes ago just to prepare because we're going

live. And I back then that the Nasak was up about 0.9%. We've closed up about 1.3%. As you say,

absolutely roaring into the end of the weekend. Tom, what did you make of the price action today

as well as over this past week? Well, what I've been seeing over the last two weeks,

especially with the Nasak, has been a series of lower highs happening. And I look at

when markets start to correct or give a little choppy on the downside, I like to use the 60-minute

time frame looking at charts. And you can really see where they get whacked down and then

the dip buyers come in and then they get disappointed and have to sell. And we just carry this pattern.

I think it's just a bit of a rotation. We had small caps and the reopening

stocks just got murdered midweek. And then they just came roaring back. And so I think there's

a lot of liquidity in the market. There's a lot of hope and dip buyers willing to put money to work.

And so my view right now is that the market is starting to see some distribution.

And we're seeing it with a lot of the technical indicators that we use.

When you say distribution, do you mean breadth in that broad amount of stocks are participating

in the rally? Well, we're starting to see the momentum shift a little bit where we're seeing

some, I mean, just very simply of the percentage of stocks within ETFs or markets above the 10-day

moving average, above the 20-day moving average. Those are starting to turn red.

That might be just a function of those moving averages of flattening. But sometimes when they flatten

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