5/20/26 Recap

The SPY is peeking over the 8 ema today after 1 close below it since the ceasefire. The panic buying in the market is real and nobody wants to miss out should NVDA blowout things today and drag the market higher. I don’t see anything where NVDA could really hurt the market unless they somehow guide down but in this capex boom, that would seem nearly impossible. The VIX is weak, oil is still being pesky near 110, and ebola seems to be raging on in Africa. Still, overall we have not broken the 21 ema and until we do things are fine.

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