7/21/26 Recap

The SPY is back up over all the key moving averages right now but we’ll have to see where we close the session but right now things look great. Yesterday was looking bleak at the close, we had a second close under the 50 day, all the major names were weak and we gapped right back up this morning. This market is really punishing those who manage risk and cut where they’re supposed to. We have our first major earnings tomorrow with Texas Instruments and Google reporting, their guides will have a major impact on the AI trade and then Intel thursday will be a big one. So lots of things to unpack this week regarding the major trade in the market and until we hear from these companies there isn’t much to do.

Scanner

These were the only large caps that came up in my scanner today. All the new scans are in the database by 11 est everyday.

My Open Book