



Trends and Topics




TNT Bottoming Indicator - Daily
Date DailyLows SP500
8/17/26 -1.00 7653
8/18/26 -0.17 7677
8/19/26 -1.67 7676
8/20/26 0.33 7731
8/21/26 0.01 7712
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
8/17/26 8.4 25980
8/18/26 8.6 26151
8/19/26 8.6 26130
8/20/26 8.6 26541
8/21/26 8.8 26402
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
8/14/26 2.8 7786
8/21/26 0.01 7674
8/28/26 -0.6 7712
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
8/14/26 8.0 7786
8/21/26 8.2 7674
8/28/26 8.8 7712
TNT Bottoming Indicator - Daily
Date DailyLows SP500
8/17/26 -0.33 7745
8/18/26 -2.00 7692
8/19/26 -0.83 7708
8/20/26 2.00 7641
8/21/26 -0.33 7674
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
8/17/26 8.0 26645
8/18/26 8.0 26290
8/19/26 8.0 26331
8/20/26 8.2 26167
8/21/26 8.0 26180
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
8/7/26 2.4 7755
8/14/26 2.8 7786
8/21/26 0.01 7674
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
8/7/26 8.0 7758
8/14/26 8.0 7786
8/21/26 8.2 7674
TNT Bottoming Indicator - Daily
Date DailyLows SP500
8/10/26 2.67 7753
8/11/26 0.01 7728
8/12/26 -1.33 7749
8/13/26 0.50 7799
8/14/26 0.50 7786
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
8/10/26 6.8 26605
8/11/26 7.0 26445
8/12/26 7.2 26588
8/13/26 7.2 26803
8/14/26 7.2 26729
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
7/31/26 1.8 7490
8/7/26 2.4 7755
8/14/26 2.8 7786
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
7/31/26 7.6 7490
8/7/26 8.0 7758
8/14/26 8.0 7786
TNT Bottoming Indicator - Daily
Date DailyLows SP500
8/3/26 1.00 7601
8/4/26 2.00 7737
8/5/26 2.33 7724
8/6/26 1.33 7710
8/7/26 -0.50 7758
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
8/3/26 7.6 25914
8/4/26 7.2 26585
8/5/26 7.2 26363
8/6/26 7.2 26348
8/7/26 7.2 26691
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
7/24/26 -0.4 7412
7/31/26 1.8 7490
8/7/26 2.4 7755
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
7/24/26 7.6 7412
7/31/26 7.6 7490
8/7/26 8.0 7758
TNT Bottoming Indicator - Daily
Date DailyLows SP500
7/27/26 -1.33 7413
7/28/26 -1.67 7429
7/29/26 -0.67 7316
7/30/26 -0.50 7438
7/31/26 0.17 7490
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
7/27/26 7.4 24932
7/28/26 7.2 24877
7/29/26 7.0 24443
7/30/26 7.2 25122
7/31/26 7.6 25374
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
7/17/26 1.8 7458
7/24/26 -0.4 7412
7/31/26 1.8 7490
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
7/17/26 7.6 7458
7/24/26 7.6 7412
7/31/26 7.6 7490
TNT Bottoming Indicator - Daily
Date DailyLows SP500
7/20/26 -0.67 7443
7/21/26 0.50 7509
7/22/26 -0.50 7499
7/23/26 -3.00 7408
7/24/26 -3.67 7412
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
7/20/26 7.8 25508
7/21/26 8.0 25837
7/22/26 8.0 25691
7/23/26 7.8 25138
7/24/26 8.0 24976
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
7/10/26 1.2 7575
7/17/26 1.8 7458
7/24/26 -0.4 7412
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
7/10/26 7.4 7575
7/17/26 7.6 7458
7/24/26 7.6 7412
TNT Bottoming Indicator - Daily
Date DailyLows SP500
7/13/26 -2.17 7515
7/14/26 -2.4 7544
7/15/26 -3.5 7572
7/16/26 -1.37 7534
7/17/26 -2.5 7458
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
7/13/26 7.6 25873
7/14/26 7.6 26107
7/15/26 7.4 26269
7/16/26 7.6 25882
7/17/26 7.4 25520
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
7/2/26 2.6 7483
7/10/26 1.2 7575
7/17/26 1.8 7458
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
7/2/26 7.4 7483
7/10/26 7.4 7575
7/17/26 7.6 7458
TNT Bottoming Indicator - Daily
Date DailyLows SP500
7/6/26 -2.17 7537
7/7/26 0.33 7504
7/8/26 -1.33 7483
7/9/26 -3.17 7544
7/10/26 -2.67 7575
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
7/6/26 8.0 26121
7/7/26 8.0 25819
7/8/26 7.8 25871
7/9/26 8.0 26207
7/10/26 8.2 26282
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
6/26/26 5.0 7354
7/2/26 2.6 7483
7/10/26 1.2 7575
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
6/26/26 7.0 7354
7/2/26 7.4 7483
7/10/26 7.4 7575
TNT Bottoming Indicator - Daily
Date DailyLows SP500
6/29/26 -1.33 7440
6/30/26 -2.17 7499
7/1/26 -1.83 7483
7/2/26 -0.33 7483
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
6/29/26 7.8 25820
6/30/26 7.6 26214
7/1/26 7.4 26040
7/2/26 7.6 25833
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
6/18/26 4.4 7501
6/26/26 5.0 7354
7/2/26 2.6 7483
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
6/18/26 6.8 7501
6/26/26 7.0 7354
7/2/26 7.4 7483
TNT Bottoming Indicator - Daily
Date DailyLows SP500
6/22/26 3.0 7473
6/23/26 -0.5 7365
6/24/26 -2.67 7358
6/25/26 -2.83 7357
6/26/26 1.00 7354
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
6/22/26 7.2 26167
6/23/26 7.2 25587
6/24/26 7.2 25477
6/25/26 7.0 25359
6/26/26 6.8 25298
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
6/12/26 4.2 7431
6/18/26 4.4 7501
6/26/26 5.0 7354
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
6/12/26 4.2 7431
6/18/26 6.8 7501
6/26/26 7.0 7354
TNT Bottoming Indicator - Daily
Date DailyLows SP500
6/15/26 3.33 7554
6/16/26 1.17 7511
6/17/26 1.17 7420
6/18/26 -0.83 7501
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
6/15/26 7.0 26684
6/16/26 7.2 26376
6/17/26 7.2 26022
6/18/26 7.2 26518
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
6/5/26 4.8 7384
6/12/26 4.2 7431
6/18/26 4.4 7501
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
6/5/26 6.0 7384
6/12/26 4.2 7431
6/18/26 6.8 7501
TNT Bottoming Indicator - Daily
Date DailyLows SP500
6/8/26 1.5 7406
6/9/26 -0.17 7387
6/10/26 1.67 7267
6/11/26 0.17 7394
6/12/26 1.83 7431
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
6/8/26 7.4 25930
6/9/26 7.4 25679
6/10/26 7.2 25170
6/11/26 7.0 25810
6/12/26 7.2 25889
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
5/29/26 1.8 7580
6/5/26 4.8 7384
6/12/26 4.2 7431
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
5/29/26 6.6 7580
6/5/26 6.0 7384
6/12/26 4.2 7431
TNT Bottoming Indicator - Daily
Date DailyLows SP500
6/1/26 5.17 7600
6/2/26 1.67 7610
6/3/26 3.33 7554
6/4/26 -0.83 7584
6/5/26 2.00 7384
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
6/1/26 6.2 27087
6/2/26 6.6 27094
6/3/26 6.6 26854
6/4/26 6.6 26831
6/5/26 7.0 25709
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
5/22/26 -0.2 7473
5/29/26 1.8 7580
6/5/26 4.8 7384
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
5/22/26 6.4 7473
5/29/26 6.6 7580
6/5/26 6.0 7384
TNT Bottoming Indicator - Daily
Date DailyLows SP500
5/26/26 2.67 7519
5/27/26 4.17 7520
5/28/26 2.33 7564
5/29/26 4.67 7580
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
5/26/26 8.0 26656
5/27/26 7.8 26675
5/28/26 7.8 26917
5/29/26 7.6 26973
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
5/15/26 4.0 7409
5/22/26 -0.2 7473
5/29/26 1.8 7580
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
5/15/26 6.2 7409
5/22/26 6.4 7473
5/29/26 6.6 7580
TNT Bottoming Indicator - Daily
Date DailyLows SP500
5/18/26 -1.17 7403
5/19/26 -0.50 7354
5/20/26 -4.50 7433
5/21/26 1.00 7446
5/22/26 2.17 7473
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
5/18/26 8.4 26091
5/19/26 8.4 25871
5/20/26 8.4 26270
5/21/26 8.4 26293
5/22/26 8.6 26344
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
5/8/26 2.4 7399
5/15/26 4.0 7409
5/22/26 -0.2 7473
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
5/8/26 6.2 7399
5/15/26 6.2 7409
5/22/26 6.4 7473
TNT Bottoming Indicator - Daily
Date DailyLows SP500
5/11/26 2.17 7413
5/12/26 -1.50 7401
5/13/26 0.50 7444
5/14/26 -0.83 7501
5/15/26 1.17 7409
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
5/11/26 6.4 26274
5/12/26 6.6 26088
5/13/26 6.6 26402
5/14/26 6.8 26635
5/15/26 6.8 26225
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
5/1/26 4.0 7174
5/8/26 2.4 7399
5/15/26 4.0 7409
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
5/1/26 6.2 7174
5/8/26 6.2 7399
5/15/26 6.2 7409
TNT Bottoming Indicator - Daily
Date DailyLows SP500
5/4/26 1.83 7201
5/5/26 -2.33 7259
5/6/26 -1.83 7365
5/7/26 -1.33 7337
5/8/26 -1.67 7399
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
5/4/26 6.2 25068
5/5/26 6.4 25326
5/6/26 6.2 25839
5/7/26 6.6 25806
5/8/26 7.2 26247
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
4/24/26 5.2 7165
5/1/26 4.0 7174
5/8/26 2.4 7399
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
4/24/26 6.4 7165
5/1/26 6.2 7174
5/8/26 6.2 7399

The 65-day SMA of the SP500 divided by the 200-day SMA is interesting. A value 1.09 or above has generally been associated with an advancing market. A value of 0.925 or below has been associated with a market bottom.
TNT Bottoming Indicator - Daily
Date DailyLows SP500
4/27/26 -0.17 7174
4/28/26 -1.00 7139
4/29/26 0.50 7136
4/30/26 -4.50 7209
5/1/26 -0.17 7230
TNT Topping Indicator - Daily
Date DailyTops NASDAQ
4/27/26 5.0 24887
4/28/26 4.8 24664
4/29/26 5.0 24673
4/30/26 4.8 24892
5/1/26 5.2 25114
TNT Bottoming Indicator - Weekly
Date WeeklyLows SP500
4/17/26 1.0 7126
4/24/26 5.2 7165
5/1/26 4.0 7174
TNT Topping Indicator - Weekly
Date WeeklyTops SP500
4/17/26 6.4 7126
4/24/26 6.4 7165
5/1/26 6.2 7174