The SPY broke out yesterday but instantly gapped back down today which could be construed as a false breakout but it may very well have just been a gap fill before continuation. It’s hard to really say much with such little time today before I send the recap, we very well could close back at the highs. Let’s see where this candle goes but the issue right now is the continuation of rates with the 30 year at 5.7% and hitting levels it hasn’t seen in 20+ years. Rates are getting out of hand and it just weighing the market down as crazy as that sounds. We would be materially higher if rates weren’t rising by the day. We have a big earnings still to come from Samsung tomorrow and right now memory names need that to save the day because they’re getting hit hard. Overall we’re over all the key moving averages, the 8 and 21 ema are sloping up and bulls want today to just be a needed gap fill from yesterday’s gap up before marching forward towards 800.
Database Update
I have a pretty massive update coming this Saturday morning. It’s a tool we’ve been working on for months that is going to knock your socks off. Nothing like this exists on any options service out there and we have so much we’re going to expand on it in the coming weeks. I can’t go into detail just yet because lots of copycats out there, but the point I’m getting to is this is the last update on my list from when this big update began. When 2026 started I set out to turn the database from a static tool to the dynamic one you see now and this final tool is going to tie everything together in a way that will change everything for you. I’ve spent alot of money updating this database to where it is now. My team is currently 3 people on full time salaries, I’m paying thousands for API’s monthly for stock and option data, and even more for token costs for all these AI generated trade ideas you see in the database on every tricker. I’m going to be raising the price of this product, but not on existing users. Whatever price you signed up for you have forever. There’s people here from 2022 paying $19/mo for the database. I haven’t raised the price in over 3 years and I will never raise the price on existing users. I never wanted to raise the price but right now there are just massive running costs that I never incurred just 9 months ago. Aside from the database, just my book alone I feel like nobody does what I do sharing their book and I’ve done a fairly decent job returning over 1000% the last 4.5 years with every trade written up here.
The price will be hiked significantly on Saturday for all new users wanting the recaps and database, so if you want to be locked in forever at $99/mo or my yearly rate today I’m giving you a 3 day notice because after Saturday neither will be an option again. All I will say is this new tool is going to be a game changer in how you look at all this data and analyze what trades you want to place. I will have a longer post Saturday morning going over everything.
Scanner
Here are today’s large cap momentum scans. Nothing too crazy, the rest of the scans can be found in the database link below.
My Open Book
