2/19/26 Recap
The SPY continues to linger under the 21 ema, yesterday it tested over and rejected. This is now in no man’s land it is just stuck between the 100 day below and the rest of the moving averages overhead. Until it breaks up or down beyond one of those, it is just in timeout. You can see a series of lower highs forming and this looming situation in Iran is weighing on the market with energy continuing to rise pressuring everything else. The VIX remains bid over 20 and that is also an issue for the moment.
The QQQ did the same thing yesterday testing over the 8 ema but rejecting and closing right below it. It too is just lingering below the 8 ema showing no signs of strength at the moment. The 200 day keeps ticking higher and is now 3% lower. The sooner we get this over with and test the 200 day the sooner we can move forward. This is looking like a bear flag the last 2 weeks forming at lows.
Top Gainers From Yesterdays Recap
Herbalife, yesterday I logged this trade of 16,000 calls bought and today we got news Ronaldo the soccer player bought $7m worth and its up 21%, that was a really timely call buy from whoever placed it, that was some impressive insider trading. Trades like this are literally what this whole substack is about. I unfortunately ignored this because Herbalife is a literal shitco but wow did this workout.
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Trades I Made Today
