7/14/26 Recap

The SPY tested the 8 ema again and held. Like I said yesterday, as long as we’re over the 21 ema there isn’t really much to worry about. We’re teetering on the edge of breakdown, but until we actually do lose it, you have to remain bullish. I do not like the fact we seemingly cannot make a high over the mid June levels, that remains a major caution flag with this being just another lower high but we got CPI out of the way, Warsh spoke, and bank earnings have gone well so far. Things are mostly ok and we still have Netflix reporting to kick off tech reports. We look good, we had that one scary close under the 50 day a couple weeks ago, but otherwise we’ve been back in a clean uptrend. Short of this war getting out of hand or megacaps surprising with even more capex, which is still very possible, the market looks fine.

My Open Book

Trades I Made Today