8/12/26 Recap

The SPY continues to trade in this tight range. We had CPI come inline today and the market was up nicely but oddly almost all the megacaps but NVDA were deeply red. The vix is red and oil is red so things are set for equities to run but there is no participation from nearly 30% of the market. We’re not in a bad spot at all, we just continue to wait for this 8 ema to catch up after that big move last week. Until we lose that 8 ema this is just a little consolidation.

Scanner

Here are the top large cap scans from the database, the rest of the mid and small cap scans along with the moving average scans can be found in the database like below.

My Open Book

Trades I Made Today