Situation Awareness: Bullish. Strong earnings propelled the S&P 500 and Nasdaq Composite to fresh record highs, with broad gains across most sectors. Fresh economic data, while resilient, suggests a rate cut is less likely. Trade mode for tomorrow: look for early strength, but manage risk carefully. Earnings growth is the key driver. Regime context — 71.6% of stocks closed above their 40-day SMA (vs 65.06% prior day, regime held at Bullish), and the 4% Bull/Bear gauge shows 459 bulls vs. 76 bears. The 5-day trend turned up 3 of 5 days, signaling early recovery.
SIP: GOOG LLY CAT QCOM
- What’s working today: 9M Catalyst fired with 28 signals; Darvas Box fired with 320 signals; and 2LYNCH fired with 337 signals.
- Leading sectors: Industrials (+2.8%), Health Care (+2.2%), Communication Services (+4.0%); leading themes: Earnings Growth, AI-Driven Demand, Mounjaro Sales.
- Key event: Q1 blended growth estimate jumped from 15% yesterday to 26% today, according to FactSet.
- Regime threading: morning SA called Bullish (65.1%), closing is Bullish (71.6%) — held, driven by surging earnings.
- DEP watchlist: FCEL INTC MXL NOK SBUX
- SIPS: AESI AIT ARM AXGN
Market Breadth — 2026-04-30
| Sentiment 4% | Very Bullish | 40SMA | Neutral |
| Bull 4% | 459 | Bear 4% | 76 |
| % > 20 SMA | 30% | % > 40 SMA | 71.6% |
| Bull 9M | 43 | Bear 9M | 8 |