The SPY is gapping back up over the 8 ema today, we had rumors from the Wall Street Journal overnight that Trump was privately looking for a way to end this war. Whether it is a rumor or not, you have to believe that near 5% rates and oil continuing to go up everyday at $92+ now is not a popular thing with the public heading into midterms. It wouldn’t shock me if we got some sort of announcement soon because this $90 level on oil has been where previous deals have been made. I’d like to see a move over the $775.30 highs from 5 sessions back to invalidate this series of lower highs we’ve been in. If we can do that, the market can head to new highs. The weakness today in AVGO is a little concerning, they has a monster guide up to $30 in 2028 EPS and the stock is down 6%, the stock is currently trading just over 10x those estimates so that shows you what the market thinks about these guides at this stage.
Scanner
Here are the top large cap momentum scans from the database, the rest of the small and mid cap scans can be found in the link below
My Open Book
Trades I Made Today
