Situation Awareness: Bullish. Earnings-fueled rally continues, with strong results from Apple and other mega-caps propelling indices higher despite mixed reactions to some reports. Trade mode: Aggressive breakout. Overnight, futures point to a higher open following yesterday’s gains, solidifying bullish momentum. The market digests remaining earnings reports and awaits manufacturing data. Regime context — 71.91% 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 steady upward momentum, supported by strong earnings beats and easing geopolitical concerns.
SIP: AAPL XOM Moderna
- What’s working: Earnings-driven moves are dominant, with stocks gapping and trending strongly post-report. 2LYNCH continuations showing relative strength.
- Leading sectors: Financials, Industrials, Energy; leading themes: data not available.
- Potential de-escalation of Iran war reducing market fears.
- Yesterday’s surge established new record highs, setting the stage for further gains today as sentiment remains positive and earnings continue to impress.
- DEP watchlist: CNC, CVE, INTC
- SIPS: ARM, CASY, FIX