8/19/26 Recap

The SPY is reclaiming the 8 ema after losing it yesterday, but there is still alot of time left in the session so I wouldn’t make much of it now. Let’s see where this closes today. This morning we were deeply red following another overnight limit down circuit breaker on the KOSPI, their 10th this year, but then in the premarket we got news that Bessent was going to step in with yield curve control and the market loved it rallying hard before giving it all back and going deeply red and then recovering. Our markets are all over the place right now there is just alot happening here with Anthropic potentially spooking investors across the ai spectrum with their recent numbers and now oil is up another 2% today. As long as we’re over this 21 ema at 763 right now, we are fine, but we’re 1% away from losing it and that’s where the issues begin so just be vigilant and be ready to change your positioning should the market lose this uptrend.

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Here is today’s large cap scan of momentum and once again, it is all energy and defensives. That is not good for the tech bulls. These are typically not charts setting up nicely when tech is set to outperform. The rest of today’s mid and small cap scans are in the database below. Tech bulls really need oil names to cool off soon or they’re going to begin pressuring things alot more.

My Open Book

Trades I Made Today