Situation Awareness: Cautious. The market is in a guarded state, with positive momentum driven by hopes of renewed US-Iran negotiations and solid tech sector leadership. Trade mode: selective and defensive. Geopolitical tensions remain a factor, but optimism regarding a potential US-Iran ceasefire deal is driving market sentiment, while first quarter earnings reports are beginning to ramp up. Regime context — 60.56% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 0 bulls vs. 0 bears. The 5-day trend shows mixed signals; the market traded higher in spite of geopolitical tensions.
SIP: AVNS SANA TVTX
- What’s working: New Product/Better Product news combined with FDA approval continues to dominate, driving price action for individual names.
- Leading sectors: Technology (1.63); Financials (0.92); Communication Services (0.17). Leading themes: Data Unavailable.
- Watch for PPI data this morning to provide direction concerning inflation metrics
- Yesterday: the S&P 500 erased all losses incurred since the start of the Iran war, propelled by a strong showing from the information technology sector (+1.3%) and mega-caps.
- DEP watchlist: ALAB, AVGO, CRWV
- SIPS: AEBI, AIA, AIR