5/21/26 Recap

The SPY is forming an inside day so far over the 8 ema. We got hit in the premarket today when it seemed like a deal with Iran wasn’t going to happen but then the rumor about Iran’s demands was said to be untrue and we’re back in the same mess we’ve been in for weeks with this conflict. When oil pops, the market sells and its as simple as that for now. As for Nvidia, earnings were strong yesterday, the story is still strong and as nearly 10% of our market, you really couldn’t have asked for a better report from a company this size. I guess we’re just in wait and see mode with the weekend coming up and who knows what with the war but as long as we are over that 21 ema under 730 things are fine for longs.

My Open Book

Trades I Made Today