4/30/26 Recap
The SPY pulled into the 8 ema at the open and has so far bounced off it perfectly. We had 1 strong reaction to earnings yesterday from Google, 1 flat reaction from Amazon and 2 bad ones from Microsoft and Meta. Overall nothing crazy as heading into the print Google was strong all year while Meta and Microsoft were lagging year to date. More importantly, so far into month end we’re holding this 8 ema, again, and until we lose it, this is just a clean short term uptrend. The 21 ema is almost over 700 as it catches up. The only thing that could derail us right now is potentially restarting the war with Iran which is apparently on the table. We will have to see what comes of that the next few days but right now the market is brushing off high oil because the AI trade is in full swing after yesterday’s reports. The VIX being down almost 8% right now is another sign things are not scaring anyone at the moment with us pretty much at all time highs.
Top Gainers From Yesterday’s Flow
What a monster session yesterday was, 10 names I flagged were up over 10% today and 20 names were up over 5% less than 24 hours later.
My Open Book
Trades I Made Today
