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Friday, April 10, 2026

Market Propped Above The 50 Day Moving Average: Day 2 (Weekly OPEX Edition)

If you’ve been charting the action over the past week, the headline is no surprise.We’ve watched market makers trigger the AI buying programs for years. What amazes me is not that the algos have been - once again - hijacked  — triggering machine buying on hundreds of chart views, but the sheer organization this move required. Weeks of planning went into it, complete with an "Off Ramp" (narrative flip).   
  • $VIX crushed below the 50 day.
  • All the majors — SPX, Dow, Nasdaq — bid raised above the key averages.
  • The size of the gap is extraordinary — nothing like it in the historical record.
Weekly OPEX calls are set to pay out across financials and AI stocks. Someone clearly knows something, because bank earnings don’t even kick off until next week. No whisper on the Street about a blowout bank earnings season — in fact the narrative we've been fed is all about private capital/private credit concerns as the big risk. 😅
$DJUSFN (Dow Jones U.S. Financials) is the poster child. Bid jacked straight above the 50 day. The size and duration of this gap has no comparison. Crickets from the talking heads — not a single mention of the 50 day moving average, the most watched SMA on Wall Street.
Banks lead ahead of earnings

Next: The $COMPQ Nasdaq - highlighted in yesterday's comments section (pinned tweet):  


15 minutes before the open -

401k still sitting up 5% for the year, another 13% employer match just hit on a whopper contribution 80% of Net — zero risk, zero stress. #Winning.I don’t need your rigged markets, money managers. In fact I just exposed the back of the house with charts anyone with a free trading app can see.See you Monday 

P.S. Tesla stock looks like a buy, now that's it's finished building a base: 



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