Situation Awareness: Bullish. The S&P 500 and Nasdaq Composite both notched record highs driven by mega-cap and tech strength, while the DJIA lagged. Optimism around the end of the U.S.-Iran conflict and lower oil prices also contributed to the positive sentiment. Trade mode for tomorrow: look for early strength, focus on tech and consumer discretionary. Today’s defining context was strong mega-cap and tech earnings driving index gains. Regime context — 69.72% of stocks closed above their 40-day SMA (vs 71.39% prior day, regime held at Bullish), and the 4% Bull/Bear gauge shows 274 bulls vs. 86 bears. The 5-day trend turned up 3 of 5 days, signaling early recovery.
SIP: AAPL SNDK TEAM
- What’s working today: which strategies fired with signal counts — 2LYNCH: 112, D9M: 131, Reversal: 109
- Leading sectors: Technology (1.95%), Consumer Discretionary (-0.35%), Materials (0.00%); leading themes: software names, cloud momentum, AI-driven product adoption.
- Key event: Apple (AAPL) shined after topping earnings estimates and providing upside guidance for the next quarter, underpinning early gains.
- Regime threading: morning SA called Bullish (71.4%), closing is Bullish (69.7%) — held due to continued tech strength and positive earnings outlook.
- DEP watchlist: GOOG INTC MXL QCOM CARR
- SIPS: CYH KREF RIG SMH VAL
Market Breadth — 2026-05-01
| Sentiment 4% | Bullish | 40SMA | Neutral |
| Bull 4% | 274 | Bear 4% | 86 |
| % > 20 SMA | 44% | % > 40 SMA | 69.72% |
| Bull 9M | 30 | Bear 9M | 7 |