4/14/26 Recap

The SPY continues its move back to near all time highs with us just now 1% away. The Mag7 names really caught a bid today. This move has been beautiful since the ceasefire as we reclaimed the 200 day and have now had 5 straight moves higher and really right where we needed to. If you look at the 50 day(yellow) and the 200 day(green) I said a week back we needed a very fast move up to potentially avoid a death cross there and it seems we may get it with another few strong sessions as the 50 day is slowly turning. The way oil and the vix are acting, the fears of war ramping back up in the middle east are non existent right now and we are fully focused on earnings season for the moment. Will this change by his new April 27th deadline? Maybe but that is 2 weeks out and for now the market does not care. We are a little extended here over 3% away from the 21 ema but it will catch up in a couple days.

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