8/13/26 Recap

The SPY is starting to emerge from this bull flag it has been in for over a week. CPI and PPI did not surprise negatively and now the market has nothing impeding it. Traders are now pricing in no rate hikes this year and oil is red again in another signal the Iran war may be nearing a resolution. Now we can shift all our focus to NVDA earnings in 2 weeks and what that will mean to our market. Over the last 2 weeks NVDA has finally moved from laggard to leader and when the biggest component in the market takes charge like that, you get the sharp move we just got.

Scanner

Here are today’s large cap scans from the database, quite a few and notably look how many financials are in here: BAC,BLK,BNY,JPM,PNC,USB,FITB,MTB, and WFC. 9 of the 21 names that scored 7 or better were financials so that is definitely the hot sector right now.

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Trades I Made Today