Model switches to CASH/NEUTRAL.

Selling pressure as per the price/volume action of the NASDAQ Composite over the last 20 days has pushed the model into a cash signal.

Global liquidity remains intact but we could see continued short term weakness in the major averages.

Trump's proposed tariff against China created a number of distribution days. It also caused overbought groups such as precious metals and stocks in hot areas such as AI, quantum computing, and rare earths to sell off.

The situation remains fluid though if history is any guide given the strong liquidity flows, markets will see new highs but it may take time.