Since the intra-day low on March 30, the stock indexes have recovered about 2/3rds of their losses from all time highs. Most of the gains on a close to close day session basis since April 2 have been flat. There were some day session gains on March 31 and April 1 while the gains since then have been mostly overnight. It is that stealth bull market pattern that we have discussed many times along with after hours and overnight news.
In the pre-market, we saw the stock indexes surge on high CPI, up 0.9%. The liquidity continues to go long this market in anticipation that future fundamentals will improve.
The net pre-market gains in the stock indexes are small and we are due for a day trade trend. I am anticipating additional gains as the stock indexes want to hit all time highs in spite of what seem like uncertain and unfavorable fundamentals. The day trend could also be a pullback after such a strong runup since the March 30 low.
Hypothetical Trading System Signals on 04-09-2026
25 System Portfolio NQ = +$2,205
7 System Portfolio NQ = -$1,255
3 System Portfolio NQ = -$2,280
2 System Portfolio NQ = -$1,255
Stock Index Portfolio 18 = +$655
Diversified Portfolio 57 (NQ Only) = +$3,555
Silver Portfolio = -$1,600
50K Portfolio (Micros) = +$1,154.50 (without Gold and Silver)