4/20/26 Recap
The SPY is just having an inside day, nothing crazy when you’re extended like this. As you can see we’re at max overbought RSI and the 21 ema is way down below at 680. Anytime you’re over the 21 ema you’re in an uptrend but now we’ve still got to contend with whatever comes of the next 2 days and whether Trump makes a deal with Iran or we start bombing Wednesday night. He just spoke and said he won’t extend the ceasefire so it looks like this is it, the market doesn’t seem too concerned with the vix still under 20 but I think for now you have to be somewhat conservative and not put on new positions until we pass this deadline. If we fell 3% from here we’d still not touch the 21 ema as it sits at 680. Selling puts on the SPY down at 680 should be ok for this week as that 21 ema should hold and if it doesn’t you have a very defined risk closing on a move below it. I think a better trade would be selling puts a couple weeks out into that gap at 660 because that is where you want to go long on a gap fill should we get it. If we don’t you pocket the premium and move on.
I want to talk about this service and what I’m trying to accomplish with my spin on data. Yesterday someone tagged me in a post joking about me finding crime before the SEC and it was showing my rankings table in the database from some date in April until now. I just went in and pulled up the rankings from April 1 to now, premarket, and here are the results.
What you will notice is INTC is far and away the top name since April began which is why my entire book is skewed towards it and it didn’t disappoint, it just made a 70% move in 2.5 weeks. Look at the names behind it, most outperformed the market by a good bit in this recent rally. The intriguing part to me is the small caps like AXTI or NOK which caught massive moves this month or even something like NBIS had a monster move or MRVL which isn’t the most well known name is in 3rd place and sure enough this morning flying on a deal with GOOG but that too is up over 60% this month. That chart above should end you ever reading one of these deep dives everyone seems to love to write up, none of that matters, all that matters is the flow of money. Follow that and you will do well.
The point I’m trying to make is my spin on data is different from what anyone else does. I’m not trying to be like anyone else, I manually curate this database, it doesn’t include every single trade. This is all what crosses my scans and I built this originally for myself, used it for years, before sharing it here 4 years ago. I have my parameters I search for and the rankings are ranking my filters. You’ll see 300 lots and 100,000 lots in the same set of data because I don’t have a simple set of rules I search for. These other options services give you way too much data in my opinion. You don’t need every trade, notional value, etc. My objective is to simply see what names are seeing unusual sized bullish activity so I can position myself in them. 1 trade and its value is irrelevant to me, its about repeat activity in names and directional bias I can derive from it. So when you look at my data, use the rankings to position yourself in the right names because those are the ones being bought hard. At the end of the day there are many different ways to trade this data, but being in the right names at the right time is the number one key to success in the market. You also have my community discord with 2300 people to bounce ideas with, use it, its one of the best resources you’ll ever find in terms of others looking at the same data and how to trade it.
Top 10 Gainers From Friday’s Flow
My Open Book
