Composite +2/9, Equities the only confirmed layer, and breadth quietly outrunning price across the tape. CEVA is the only name in today's 26-instrument scan carrying an active Tier One signal — everything else, coiled or not, is still waiting on confirmation.
Composite reads +2/9 this morning — only the Equities layer is confirmed on, bonds and risk assets are both off, and VIX sits in Low Fear. That's Partial Risk-On: equities carrying the tape alone, without confirmation underneath. Breadth actually looks better than price does — A/D ratio is 2.08, breadth summation is up over 13,000, and 67.6% of names sit above their 50-day, all while the DISTRIBUTION flow tag is stamped on literally every instrument in today's scan. That's a real cross-current: quiet accumulation in the internals even as individual volume reads flag waning support. The number to watch: CEVA is the only name carrying an active Signal Tier (S1) today — everything else is still building.
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