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Monday, April 13, 2026

Market Propped Above the 50-Day: Day 3 as Bull Clings to Life Support

Topping the headlines: Trump's errand boy (J.D. Vance) failed to reach a deal with Iranian negotiators in Pakistan over the weekend. Does this hurt his chances in the next presidential election? Not if he pins the blame squarely on DJT and separates himself from the ongoing Trump madness. Meanwhile, Trump’s strategy has shifted from ending Iranian civilization to a harmless blockade. I’m sure the Iranians are shaking in their boots (catch the sarcasm). 
$SPX futures landed on the head of a pin on Friday — a gentle pullback to support – as smooth as the Artemis II splashdown.
FYI: You’ll pay upwards of $500 to get that kind of real-time read in a live trading room. I just do it for fun. I don’t even trade the $SPX.
Played out about as expected ahead of Friday’s open: 
Market closed basically UNCH, while NVIDIA and Broadcom pulled double duty 

FOOLS ON PARADE: 

Investors are looking at the wrong tech stocks [link to story AOL]

Spoiler: Core theme: Small-cap tech is leaving Big Tech behind. 

If you believe that nonsense, I have a bridge for sale in Chicago - email me!

Quick Sidebar: Goldman Just Reported Earnings —Code Blue: bulls are watching it bleed out. Paramedics are already on the scene 

3X Financials $FAS chart powerful impulse wave - suspected wave A (in a bear market). 

watch for a pullback in wave B, before a finally suckers rally in wave C.    

$FAS 3X Financial Bull 


Back the Market Leaders that Aren't..: Not $TRAN, not $SOX, not Speculative AI 
 
$CMI (leads transports) Jacked back into the bullish channel, as if nothing ever happened. Iran conflict over, no, far from it, just another desperation move by the bulls - intent on getting paid on their weekly calls (options). Another desperate attempt to fix the charts - exposed.  



$MPWR Monolithic Power Systems (Semi leader) - I've covered this bloated AI pig before: trading at a 52x multiple (Ask Grok/Ai for yourself...) Perfect planetary alignment of earning and ceasefire hopes, btu you know it simply as FOMO (animal instincts). 


Oil & energy stocks are set to explode higher - as the tech bubble deflates 

Glad I filled my tank Saturday – only cost $50. Where's that recession everyone was calling for? Market rallies back and the fear porn spigot it turned off.  


Earnings Season to the Rescue? 
Congressional insider trading is set to kick-off this week — WAIT, maybe it already has! 

GOP Leader’s Family Buys xAI Stock Days Before Pentagon Integration sludge.co


Chairwoman Lisa McClain pictured  DJT 
House Republican Conference chairwoman Lisa McClain disclosed the purchase (100,001 - 250,000 in private stocks) made just days before the Pentagon announced a major integration with x/AI. 
Days after the purchase, on Dec. 22, Department of Defense announced plans to integrate X/AI's Grok models into its GenAI.mil platform... [link] 

2. April 11th, 2026: Trump becomes first president in history to endorse a stock by ticker symbol, name-dropping $PLTR Palantir on Truth Social and reversing its 16% freefall in minutes. [moneywise.com] 🤔

3. April 10, 2026 Warren, Whitehouse Probe Suspicious Oil Trades Surrounding Trump Iran Announcements [banking.senate.gov]    

P.S. April Options Expiration Friday in focus, ahead of the next FOMC meeting. Inflation numbers came in red hot on Friday, so don't expect the Fed to bail out the bulls again. 


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