7/13/26 Recap
The SPY is still over the 8 ema, short term uptrend is intact. We have a little chaos unfolding in the middle east, nobody really knows what is happening but Trump tweeted that he has blockaded Hormuz again. Oil and the vix are up and if is history is any guide Trump will pressure Iran for a period of time until oil prices rise too much and then he will make some sort of peace deal with them. Other than that Korea had a terrible session overnight and they have had multiple recently which lead to selloffs over here. This is a dynamic we’re going to have to deal with for the forseeable future with how important many of these korean memory names now are to the market. Overall, until I see one of these moving averages below break, I’m not too concerned with much going on.
Database Updates
I got your feedback over the weekend and we now have filters for small/mid/large cap. This for instance is the mid cap names you just simply click that highlighted button and you will have what you want. So again with these names they’re not a guarantee of anything, they just simply fit multiple criteria I scan for when seeking momentum. What you did with stuff like this is up to you whether you sell puts lower into a key moving average or swing shares or whatever. The point is to show you names displaying potential based on multiple factors. The FAQ explains all the terms you see here if you you’re interested.
With other parts of it, things like a golden cross occurring is when the 50 crosses over the 200, these names all had that today. These are big momentum shifts, it doesn’t mean they have to run 17% soon, it just means that you can slowly build into them, sell puts, etc and the momentum is building.
As I said before, longer timeframes are more significant, so right now there’s only 2 large cap names doing a golden cross on the weekly charts. Note those.
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Trades I Made Today
