Median S&P500 up 3.8%—still Not Impressive
The Median S&P500 stock is up 3.8% so far in 2026. What's wrong with that?
SPY Gap May Fill; DIA Shows Reversal Confirmation
GAP SYNCHRONY Distance vs. Friday Close: SPY: 702.78 (1.3%) RSI 73.5 QQQ: 642.18 (-1.2%) RSI 74.5 DIA: 486.6 (-2.1%) RSI 69 Daily Volume validating reversal candles, mostly on DIA. Healthy consolidation ahead. Will the $686.3 gap be filled for SPY? (-3.7% downside).
Stocks Overvalued, Crypto Slumps Amid Hormuz Tensions
⚠️ S&P 500 hit a RECORD HIGH Friday. BTC bled from $77,957 peak to $75,236 across the weekend. Meanwhile: Iran formally SHUT the Strait of Hormuz. Tankers under fire. US prepping to board Iran-linked ships (WSJ). Something gives in 72 hours. I...
Industrials Now Outpace S&P 500 with 4.6‑point Premium
Industrials now trade at a 4.6-point premium to the S&P 500. Historically, they've traded in line or below the broader market. 🔒 Members-Only https://t.co/hOtouHjlPA
NASDAQ 100 Posts Longest Rally Since 2013, Miners Surge
Narratives 1. NASDAQ 100 EXTENDS RALLY TO 13 DAYS, LONGEST STREAK SINCE 2013 2. Return since October Silver Miners $SIL +56% Oil Services $OIH +47% Copper Miners $COPX +46% Gold Miners $GDX +45% Natural Gas Equities $FCG +28% Uranium Sector $URNM +26% Mag7 $MAGS 0.00%
NYSE Advance-Decline Hits Record High, Signaling Weak Breadth
Stock market breadth is so weak the NYSE Advance-Decline line just hit new all-time highs.
SPX Beats 2025 High, Yet Valuation Is Cheap
SPX has soared above its October 2025 price peak, but its P/E ratio is way lower now.
Good News Hits Open Markets, Bad News Follows Closed
The concerns I expressed about unanswered questions proved to be unfortunately prophetic. This week gave us yet another example of the pattern of good news while markets are open, followed by the real news coming as soon as they're closed.
Tech Leads Rally as Few Stocks Hit 52‑Week Highs
You can look at the market's rally to new highs in a couple ways: 1) Less than 10% of stocks at 52wk highs 2) Tech has resumed its leadership (sector rotation), and is in the early innings of the next leg higher Here's...
This Week’s Market Outlook: SPY, IWM, QQQ, TLT, GLD
What to expect from the stock market this week https://t.co/ED0eV0SFkz $SPY $IWM $QQQ $TLT $GLD and more https://t.co/K3PhHcpXfk
US Market Hits Record Weekly Close, Adds $7T
JUST IN ‼️ 🇺🇸 US stock market just gave its highest weekly close ever in HISTORY. Over $7 trillion added in the last 17 days. https://t.co/DOiQ51UECk
US Equity Market Stays Upward, Not Looking Down
“Looking through”, “looking beyond”, one way or another the US equity market is not looking down. More on this in the Chartbook Top Links today. https://t.co/0qop5Uo3Zt
Small, Mid, and International Stocks Validate Record SPX
But small caps, mid-caps, and ex-US all confirm the record-high weekly SPX close... not bad, right?
Predicting S&P Bottom: Hate Fades, 13-Day Rally
The day the S&P 500 bottomed l shared why a bear market wasn't likely. The hate this received was so extreme. Record 13 day rally since then. :)
US Extended Market ETF VXF Gains Record 12.4%
And, along with SPX and ACWX, the US Extended Market ETF $VXF (all US stocks not in the S&P 500) also tallied a record yesterday @stockcharts +12.4% last 3 weeks @michaelsantoli https://t.co/kYignTZhOc
S&P 500 Defies Doom, Posts 4.5% Bullish Surge
Remember all the Weekend Wall Street, IG, and Hyperliquid doom-quoting last weekend? Yeah, the S&P 500 went on to have one of its best weeks of the bull market. $SPY +4.52% Record high, negating the bearish rounded-top pattern.. completing a bullish...
Markets May Correct After Record Rally Amid Optimism
Week Ahead: Dollar and Stocks Due for Corrections?: Progress in US-Iran negotiations and a ceasefire between Israel and Lebanon fed investor optimism. The US S&P 500 and Nasdaq reached new record highs, with multi-week rallies in tow. June WTI tumbled…...
Nasdaq 100 and Mid‑Cap Index Reach Record Highs
The Nasdaq 100 (QQQ) just hit new all-time highs, but so did the Nasdaq's stocks 101-200 (QQQJ) https://t.co/UmZJp1lT0x
US Rally and Dollar Slide Likely to Reverse Next Week
New weekly commentary: US stock rally looks overdone in the near-term and so does the dollar's sell-off. Both could correct next week. News from Middle East may not be as unambiguous as social media posts suggest....
Momentum, Not Fundamentals, Drives Trade Timing
On 3/30 I was covering all equity shorts. SPX was 6320 Momentum was bearish Positioning was being deleveraged Analyst earnings expectations were still for YoY 17% EPS growth But because markets expect that growth to disappoint multiples had fallen to 20x which...
S&P Overbought Fast, Echoes 1982 Volcker Rate Cut
The only other time the S&P 500 index was this overbought faster, was when Paul Volcker cut interest rates from 13% in 1982. https://t.co/1XBzNmG5BV
S&P 500's Fastest Recovery: Oversold to Overbought in 12 Days
historic move for the S&P 500. #SPX went from oversold to overbought in just 12 trading days, making this the third fastest recovery ever.
Nasdaq Beats 1992 Music Era, Sets New Record
Nasdaq in midst of longest winning streak since 1992 & now at record high… After everyone said world was ending. Btw, top new albums in 1992 incl Rage Against the Machine, Alice In Chains, STP, Sonic Youth, The Cure, REM, & Sublime. Music...
U.S. Indices Rally to Record Highs Amid Hormuz Opening
JUST IN: S&P 500 and Nasdaq hit record highs for the third straight session, with Dow reaching its February peak as investors embraced Iran's Strait of Hormuz opening.
Fast Rally Unfolds—How to Join Without Chasing
One of the fastest market rallies in years just unfolded. Now the challenge shifts: how to participate without chasing. We break down the price action, key levels, and where opportunities are forming. $SPY $QQQ $IWM $VIX $IBIT https://t.co/s4f2qRcsAE
S&P Sets New Records as Oil, Yields Stay Elevated
With an impressive week nowunder its belt, the S&P has done more than just reclaim its pre-war levels. It has registered multiple record highs. Interestingly, both oil prices and government bond yields remain elevated above their own pre-war levels. #economy #markets
Transportation Index Surges 10% Amid Stagnant Freight
The Dow Jones Transportation Average rallied 10% this week to hit new all-time highs again, probably because no one is moving anything around and recession.
S&P 500 Posts Historic Three‑Week Streak, Gains Accelerate
Records are made to be broken. First time in history the S&P 500 was up 3% for three consecutive weeks and each week gained more than the previous week. 🥇 https://t.co/fB3IpQSNbG
Vol Sellers Fade as Inverse Volatility Spikes, Then Stalls
From the $SPX low on 3/30 through 4/14, $SPX was up 9.8% while $SVIX (inverse vol) rocketed 31% higher. Since 4/14, $SPX is up another 2.3% while $SVIX has run out of gas, up a measly 0.7%. Vol sellers have...
Record Markets Hide Significant 52‑Week Drawdowns
As the stock market reaches new records, here are the current drawdowns from 52-week highs underneath the surface... Hint: this is a normal look @finviz_com https://t.co/5HKxQKV6ht
Resources Lag; only XLK, XLY Outpace S&P
Resource stocks $XLE $XLB were down this week While only $XLK and $XLY beat the S&P 500 $SPY https://t.co/NbqvDTt6rQ
Late‑month Buys Pay Off as Markets Rally 5%
What a week - $SPX up 3.5%, $DJIA up 2.6% and $QQQ up 5%. Off the lows on 3/30 $SPX 11%, $DJIA up 8% and $QQQ up 15%. Good to have been buying in the past month as...
Market Optimism: 61% of S&P 500 Above 200‑day MA
61% of S&P 500 stocks are above their 200-day MA. We are in the optimism zone, but not euphoric. Blow-off tops show up at 80%+ Lots of participation and very strong momentum.
Nasdaq's 17% Surge Near Historic Rally Benchmark
Nasdaq Composite +17% over the last 3 weeks... that's not far from its best-ever rally (since the 1970s). Since the dot-com bubble/bust, only 2008 and 2020 saw larger surges. https://t.co/aQKLdMsoFU
SPX Sets Record, Bitcoin Surpasses $75k
$SPX just hit a new ALL-TIME HIGH above 7100! 📈 Meanwhile, #Bitcoin is finally clearing $75k as risk appetite returns to the tape. 🚀 I'm also answering your questions on "Coil" patterns and music theory in today's Friday MAILBAG. 📊🎶🎺 CHART...
Markets Flip: From Losses to Gains in Weeks
YTD returns a little more than 2 weeks ago: S&P 500 -7.1% Nasdaq 100 -9.0% R2000 -2.5% Now: S&P 500 +4.4% Nasdaq 100 +5.6% R2000 +12.2% It's a strong opinions, loosely held market
NASDAQ Gains 5% in 2026 Without Tech Giants
The NASDAQ is up over 5% in 2026. This is an index that includes tons of software companies, and doesn't include the companies that are supposedly going to devour the software companies. And yet it's still up over 5%
Nasdaq 100 Forward P/E Drops Below Long‑Term Averages
This will actually blow your mind. The Nasdaq 100 Forward P/E is now ~22.4x, below its 10-year average (22.9x) and well under the 5-year average (24.7x). Trailing valuation multiples are higher, but so are earnings growth estimates.
All S&P 500 Stocks Show Early‑trading Trends Today
This is how every stock in the S&P 500 has performed so far in today's early trading
Stocks Rise, Doubt Grows: Unprecedented Bullish Paradox
Building on what @fundstrat said about fuel in the tank... AAII bulls at a four-week low and S&P 500 at ATHs? It happened this week and it has NEVER happened before. Stocks are going higher, yet doubt is increasing. That's a...
Markets Rally as Hormuz Reopens, Oil Prices Plunge
Stocks surged Friday after Iran said the Strait of Hormuz was “completely open” following a ceasefire between Israel and Lebanon, easing supply fears and sending oil prices sharply lower. The Dow jumped more than 700 points while major indexes hit...
Gold-Oil Ratio Soars, SPX Tied to Gold
Since Trump 2 Inauguration in January 2025: Left chart: Gold/oil ratio (red), oil (blue.) Right chart: SPX (blue); SPX priced in gold (red.) Trump keeps calling everything "golden"; maybe he's trying to tell us something🤔 https://t.co/0AihVavwpP
Bull Market Surge Continues: Stocks Hit New Weekend Highs
I'm set to join @FrankCNBC on @CNBCClosingBell at the top of the hour (3pm ET) today with @AAmoroso_1 to discuss this bull market and what could be next. Name a better way to coast into a weekend with stocks at...
Dow’s Top Gainers Prove Index Still Thrives
The Dow isn’t just about “old companies”… it still moves. Here are some of the top performers this year: • CVX → +30.1% • CAT → +27.8% • VZ → +23.3% • JNJ → +18.6% • HON → +17.5% • MRK → +15.6% • WMT → +12.2%
Markets Rally, Oil Slumps Since March 30 Low
Since the March 30th bottom, here’s how returns have developed across the market: 🟢 SP500 +12% 🟢 MAG 7 +9% 🟢 Gold +6.9% 🟢 Bitcoin +15.6% 🔴 (WTI) Oil -18.3% 🔴 (Brent) Oil -17.0% 🟢 10 yr US Treasury Yields -12 bps https://t.co/LvmpZe8iqP
Equity Risk Premium Near 4% Validates Current Valuations
With credit spreads still well-behaved and operating margins making new highs by the week, the valuation picture for US stocks remains justified, especially after the drawdown of the past few weeks. The chart below shows that the “fitted” equity risk...
Nasdaq 100 Posts 13th Straight Gain, Rare Since 2013
With the gap higher on the open, the Nasdaq 100 is on pace for its 13th straight session's advance. Last time we had a move comparable to this consistency was July 2013. Haven't really seen runs like these (consistency) historically where...
Hormuz Reopens, Markets Surge as Oil Plummets
STRAIT OF HORMUZ IS OPEN. WAR IS OVER?! Iran reopens the Strait. Oil down -13% $SPX at record highs. $NDX logs its longest win streak since 2009. Dollar easing, gold and $BTC ripping The single biggest lock on markets just cleared. US-Iran...
NDX's 12‑Day Rally Hits Rare 14.7% Surge
"NDX has now rallied for 12 consecutive sessions for a whopping +14.7% ... Since 1983, we’ve only seen seven other comparable streaks… forward returns were strong." -GS Morgan
SPY Gains Positive Gamma Exposure Near $710 Support
What a crazy market... Just a few minutes into the open, I am seeing considerable positive gamma exposure building overhead on $SPY. Tons of positive exposure is building at $710, with support forming at $705. Let's see how data develops into...