Situation Awareness: Bullish. The market closed at record highs on Friday, led by mega-cap tech and a 23.6% surge in Intel (INTC $82.57) after stronger-than-expected Q1 earnings and guidance. SPX rose 0.80% to 7165.08, Nasdaq Composite gained 1.63% to 24836.60, while the Dow lagged at -0.16% to 49230.71 — a clear reflection of market-cap-weighted leadership. Trade mode for tomorrow: selective and aggressive — focus on continuation setups in momentum leaders and early-strength entries. Today’s defining context: de-escalation fears from U.S.-Iran talks and the DOJ dropping its probe of Fed Chair Powell provided relief, while semiconductor strength (SOX +4.3%) and AI/tech momentum fueled the upside. Regime context — 70.42% of stocks closed above their 40-day SMA (vs 69.6% prior day, regime held at Bullish), and the 4% Bull/Bear gauge shows 175 bulls vs. 107 bears. The 5-day trend turned up 3 of 5 days, signaling early recovery.
SIP: PG AIP ALAB AMD INTC
- What’s working today: 2LYNCH: 182, D9M: 87, Reversal: 254
- Leading sectors: Technology (+3.75 ATR%), Consumer Discretionary (+0.06 ATR%), Financials (+1.93 ATR%); leading themes: Chipmakers (+23.6% INTC), Mega-Cap AI leaders (MSFT +2.13%, NVDA +4.32%), Energy relief (WTI down 1.4% to $94.42)
- Key event: Intel beat Q1 and raised guidance — INTC +23.64% to $82.57, powering SOX +4.3% and triggering broad semis outperformance
- Regime threading: morning SA called Bullish (69.6%), closing is Bullish (70.4%) — held with slight expansion (70.42% > 70%)
- DEP watchlist: AMD ($347.79), ARM ($234.84), INTC ($82.57), SOXL ($128.23), MBLY ($9.23)
- SIPS: ALAB ($212.86), AMD ($347.79), INTC ($82.57)
Market Breadth — 2026-04-24
| Sentiment 4% | Bullish | 40SMA | Neutral |
| Bull 4% | 175 | Bear 4% | 107 |
| % > 20 SMA | 46% | % > 40 SMA | 70.42% |
| Bull 9M | 22 | Bear 9M | 19 |