Folks, the Power Gauge flashed a bleak sign last week... And it confirms my recent fears about the markets.

A Big Warning From the Power Gauge By Marc Chaikin, founder, Chaikin Analytics Folks, the Power Gauge flashed a bleak sign last week... And it confirms my recent fears about the markets. As regular readers know, we measure the broad market S&P 500 Index and the tech-heavy Nasdaq 100 Index with exchange-traded funds ("ETFs") in the Power Gauge. These are the State Street SPDR S&P 500 Fund (SPY) and the Invesco QQQ Trust (QQQ), respectively. And late last week, the Power Gauge ratings for both funds flipped to "bearish" on the same day. That's not a good sign, folks. Prior to last week, we hadn't seen a "bearish" rating for SPY since mid-2022. And when it comes to QQQ, think back to almost a year ago... On April 2 last year, President Donald Trump made his "Liberation Day" tariff announcement that roiled the markets. The next day, QQQ's Power Gauge rating dropped to "bearish." And the fund fell even harder over the next few trading days. Of course, it isn't a tariff shock this time that's causing major chaos in the markets. It's the war in the Middle East. By now, SPY is down about 9% from its all-time high in January. And QQQ has fallen roughly 12% from its all-time high back in October. For QQQ, that's correction territory. And in times like these, you must be particularly careful when looking for places to put your money to work... Recommended Links: Wall Street Is Quietly Bracing for a Recession Moody's says a 2026 recession is now both "hard to avoid" and "more than likely." Even the bulls at Goldman Sachs just raised the likelihood of a recession to 30%. But according to one 50-year market veteran – who accurately predicted both the 2020 and 2022 crashes – Wall Street's growing recession fears are NOT why he is warning a bear market of epic proportions is on the way. Click here to discover the REAL reckoning he says is headed for both Wall Street and Main Street investors. A 'Record Number' of Private Jets Spotted in California On one night in February, 600 private jets flew out of a single California city. The same night, Elon Musk spent millions to send a message to 125 million Americans. Most people have no idea the two are connected. But Wall Street veteran Whitney Tilson says they are, and that what happened that night is the most important financial signal he has seen in years. He's sharing his full analysis for free, here. Look for 'Diamonds in the Rough' A market environment like this is full of traps for investors. And we can see that clearly with the individual ratings for the holdings in SPY and QQQ in the Power Gauge... SPY currently holds 145 stocks with "bearish" or worse ratings. That compares with 63 "bullish" or better stocks. Meanwhile, QQQ has 38 stocks in "bearish" territory compared with eight in "bullish" territory. In short, the "bull to bear" ratios for both SPY and QQQ aren't looking good. And yet, this doesn't mean that the chances to make money in this market are gone... There are more "bearish" stocks than "bullish" stocks in both funds right now. But the "bullish" opportunities still exist. As I said, SPY still holds 63 stocks with positive ratings. And QQQ has eight.  As investors, that means we need to be more selective about where we put our money. That sounds obvious on its face. But it's not as easy as it sounds... Folks, I've spent my career building and refining tools to find the best opportunities to grow and protect wealth – regardless of the market conditions. And in this environment, one strategy that leverages our one-of-a-kind Power Gauge system is particularly useful... I shared the details of that strategy during a special event last week. And I want as many folks as possible to hear this urgent message – as well as be able to prepare themselves for a potential financial "hurricane" ahead. Given what we've seen in the markets recently, this storm looks increasingly imminent. We've kept the entire presentation available over the past few days. So I encourage you to watch it for yourself – for free – before it goes offline. You can do so right here. As I've said before, make sure you're prepared for what could be coming next for the markets.  Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +0.15% 3 19 8 S&P 500 -0.33% 63 291 145 Nasdaq -0.76% 8 54 38 Small Caps -1.44% 341 1115 424 Bonds +1.33% Financial +1.15% 3 57 16 — According to the Chaikin Power Bar, Large Cap stocks are more Bearish than Small Cap stocks. Major indexes remain all bearish. *  *  *  * Sector Tracker Sector movement over the last 5 days Energy +3.91% Materials +3.24% Utilities +2.55% Consumer Staples +0.86% Health Care -0.66% Real Estate -1.01% Financial -1.85% Industrials -3.95% Consumer Discretionary -4.05% Communication -4.21% Information Technology -6.9% *  *  *  * Industry Focus Biotech Services 20 89 32 Over the past 6 months, the Biotech subsector (XBI) has outperformed the S&P 500 by +23.68%. However, its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #8 of 21 subsectors and has moved up 1 slot over the past week. Indicative Stocks ABSI Absci Corporation ALT Altimmune, Inc. CELC Celcuity Inc. *  *  *  * Top Movers Gainers NOW +5.59% PANW +4.99% AJG +4.27% BR +3.82% WDAY +3.7% Losers SYY -15.28% MU -9.92% CIEN -9.12% BSX -9.02% TPL -8.67% *  *  *  * Earnings Report Earnings Surprises No significant Earnings Surprises in the Russell 3000. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at indra21poetra@gmail.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized financial advice. © 2026 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. 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