5/6/26 Recap
The SPY is powering higher after that strong reaction from AMD yesterday sent semis even higher. This is a move for the record books as we approach 20% in 6 weeks since the bottom. This market is just not letting anyone waiting on the sidelines get back in for the time being but you’ve got to think we cool off somewhere here soon, right? Maybe after the NVDA print in 2 weeks? I don’t know but for the moment as long as we’re riding that 8 ema up, nobody is selling. Keep your eye on this 8 ema and when we lose it because we are now at 26 sessions without a close below it, that is one of the strongest short term trends you will ever encounter.
Top Gainers From Yesterday’s Flow
My Open Book
