Market & sentiment intelligence · AI-assisted
The index stopped
being the market
Correlation broke down, a dozen mega-caps set the print, and the average you're watching now cancels out the rotation underneath it. Trading Addicts measures all 28 themes in the market on their own terms, every session, and Jeff and the room's veterans read the results out loud while the market is open.
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Theme rotation
Example session · 2026-08-04
Theme21d · rank Δ
1
China ADRs
IN+15.5%↑21
2
Software / SaaS
IN+14.6%↑22
3
AI infra / datacenter
IN+13.3%↑18
4
Energy
DIST+12.0%↑16
5
Drones / defense
IN+9.1%↑21
20 more themes tracked daily
26
Health / biotech
OUT−10.8%↓25
27
Clean energy
−12.0%↓4
28
Space
OUT−15.7%↓10
All 28 themes, re-ranked every session on the median move of their members, so one mega-cap cannot set the level.
Sample recap · unlocked
Watch the recap from the day the tape turned
This is Jeff Kohler, twenty years into reading market sentiment, working through an ugly session and a violent late-day reversal across two dozen charts to decide whether it was capitulation. Nothing rehearsed and nothing cut, and there is one of these waiting after every session. Start here if you want to know who you'd be trading with.
31 July recap opened
“A week where a year happened.”
3 August recap opened
“Two back-to-back monster days as the pain trade rips higher.”
AI summary
Excerpt
Ugly tape, but that late-day reversal off the Fed was breathtaking and smells like capitulation buying.
Market action
Widest VWAP band width in 10-20 days today - rip-to-fade template means a strong buyer AND a motivated seller were both in there.
Velocity of the buy effort was the most extreme of the last 10 days; QQQ cleared 40 points on the move, made Friday's bounce look tiny.
Software is now the safety trade, which tells you where sentiment is.
Tickers / setups
MU (Micron): 1200 to 750 is 40% top to bottom, 33.3% off yesterday's close - trade it, don't “invest” it.
SMH / SOX: 671 to 400 would be 40% and that's Armageddon territory - one-third (33%) is where funds start throwing down a piece.
TLT: the standout - everything got back above its Fed print. Made me go wow.
Watch list
QQQ oversold, ES nowhere near it, RTY funny up here, Dow/NYSE barely off overbought - mixed picture.
If we're not in a better spot by end of week, we rethink some things.
Every recap gets one of these, plus a full transcript.
Get every recap — 30 days freeGet every recapWhy this exists
An average of ten companies,
describing five hundred
Correlation has collapsed, a dozen mega-caps now decide what the S&P prints, and the number on your screen has become an average of ten companies claiming to describe five hundred.
Underneath that average the market has pulled apart. Themes run in opposite directions inside the same session, so money can leave one and arrive in another while the headline number sits still and reports that nothing happened. An average is built to cancel exactly that out.
Which is why the old sentiment model — everything green, everything red, wait for the extreme, buy it — stopped paying. A rotation between two themes leaves no trace in the headline number. You have to measure the pieces separately.
Jeff, in the recaps — dated and on the record
“Stop reading the index for opportunity; use it for risk only.”
Market recap · 3 Jan 2025
“Breadth is fine, the index is just Tesla and Nvidia — this is a dispersion year and a stock picker's market.”
Market recap · 3 Jan 2025
“Dispersion is the theme: lowest correlation environment in modern times, market can't reach any extreme because too much is going up underneath.”
Market recap · 10 Mar 2025
“The index is stuck in a 5 mph zone while individual names move.”
Market recap · 22 May 2025
The method
We measure the pieces, 28 of them, every session
The market gets split into 28 themes — quantum, AI infrastructure, drones, nuclear, housing, China ADRs, big pharma and so on. Each one is measured on its own terms, then ranked against the others. Four rules keep it honest:
The median member move
A theme's daily figure is the median of its members, so a single $3-trillion company cannot set the level for a group of forty.
Measured against the other themes
Each figure is a residual against the median theme, which strips the market day back out. What survives is relative flow — money leaving one theme and arriving in another.
Six sessions of trail
Position tells you where a theme sits; the trail tells you where it is going. A theme still weak on the month but accelerating on the week is a rotation that hasn't reached the rankings yet.
Breadth has to agree
Rank on its own whipsaws, so a move only counts when the residual and the breadth of the theme confirm each other. That is the line between a one-day pop and something you can size.
Inside the app these themes are called baskets. Same thing.
The room
This is happening whether you're in it or not
Veteran traders post their entries, exits and reasoning while the session runs, and Jeff is in there with them. Ask why a trade is on and the answer comes from the person who took it.
Members only
Read the rest from inside
The room runs every session, 9:30–4:00 ET
Two minutes to set up. No charge for 30 days.
What you get
The screens Jeff trades from, open to you
Most services hand over an alert and leave the reasoning out. Everything below is the working set — what the market is doing, where the money is going, and an AI coach that will argue the read with you.
Market
Every name you follow, on one screen
Filter on sector, industry, country, theme, market cap, unusual volume or short interest, then read the whole result as a live candle grid instead of a list of tickers. Each name opens onto its chart with volume profile, the options chain, short interest, float and ownership, and a proprietary multi-timeframe oscillator.
Stock screener
Saved screens
Ticker pages
Options chain
Short interest
Watch lists
Sentiment
Where the money actually went
The risk-on themes get measured against the defensives, and growth against value, so you can see what the room is being paid to own this week. The rotation quadrant carries six sessions of trail on every theme, which is where a rotation shows up while it is still improving and before the rankings catch up.
Risk appetite
Growth vs value
Rotation quadrant
Theme rotation
Breadth
Dispersion & correlation
Intelligence
SkyNet reads it back to you
SkyNet is the coach built into the platform, and it has the theme data, your open positions and the room's history in context. Ask it why a rotation matters, what threshold should have triggered a trade, or what you got wrong last month, and the answer comes back with the numbers attached. It works in a public channel or a private DM.
SkyNet AI coach
Public channel
Private DMs
Recap summaries
Execution
And when it's time to act
Members only
Trade alerts
Every entry and exit as it happens — price, target, stop and the reason in one line. Members mark the alerts they took, so you can see what the room actually acted on.
Daily market recaps
Jeff walks the session every day — the grid, the open positions, what changed and why. Watch on demand, or read the AI summary and transcript when you're short on time.
Who's in the room
A screen full of numbers still needs a trader
Jeff Kohler — “Option Addict” — has spent twenty years reading market sentiment, and he sits in the room through the session rather than broadcasting at it. Around him are members who have traded together for years and post their own reasoning as they go.
Ask him a naive question and he answers it, then asks one back until the reasoning belongs to you. Members bring that up more often than they bring up the alerts.
Members
In their words
“My account is up more than 100% since I restarted with Jeff's services. No joke.”
StocksRider · Member
“Jeff was able to show me the error of my ways and turn me into a profitable trader.”
Trent · Member
“Jeff's market historical knowledge and uncanny analysis of market sentiment are some of the unique powerful tools he uses.”
Agnes · Member
Be in the room for the next session
The room runs every session, 9:30–4:00 ET
30 days free · nothing charged until it ends · cancel anytime