6/23/26 Recap

The SPY gapped down hard overnight after the meltdown in the Korean markets. The NQ is down 900 right now as the contagion spreads. We tested the 50 day for the first time since we broke in mid March during the war. We need to hold here or we have alot of room to fall. Micron reports tomorrow and that is what will make or break this market. 732.09 is the 50 day and we need to hold it into the close. We’re at a really big spot here, under the 21 ema, that’s a downtrend, clinging onto the 50 and below that is the abyss down to the 100 day just over 700. If we lose that 50 day you need to think about taking off lots of your short term exposure to high beta. Longer term positions are fine as always. The VIX is pretty sticky today, something to watch even though we have bounced so far. That is usually a caution sign.

New Features In The Database

A couple new features are up that you’ll notice in the database. Under the daily chart page you will see the weeklies I log flagged in there just to make it easier for you if you’re trading weeklies. Just another thing in here trying to make your life easier. I know these are meaningless tweaks to many, but I just want this to be a tool that has everything you need in one place and if you look at where it today vs March it is night and day. This was yesterday, you may have seen it last night, we pushed it live in the afternoon.

We also added in a feature where you could see what the most searched names in the database are, this gives you an idea of where everyone is looking.

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