The day started in the stock indexes with a massive gap up. The market is in melt up mode this month!
Gap Continuation trades were the highlight of the day. Gap Continuation Gold also hit profits on the day with a long trade.
Next week could possibly be one of the biggest weeks in market history.
-5 of the 7 Magnificent 7 stocks report earnings on Wednesday and Thursday.
-The market is closer to anticipating rate cuts with Kevin Warsh nomination
-Market is becoming immune to Crude Oil rising (Crude gained $12 on the week) and if it drops, stocks might surge
Intel was up over 20% today and NVDA surged as well. The Nasdaq 100 didn't drop much when individual stocks in the index had some steep corrections through March. Now that individual equities are recovering, the Nasdaq 100 is surging.
It feels like the beginning of the dotcom era. With next week being the last day of the month on Thursday, the market could surge into the close of the month or it could "take profit".
As always we keep our long and short algos running. There is a season for every type of market. Its impossible to predict the future but positioning for different market modes and being there when they happen is part of the strategy.
Hypothetical Trading System Signals on 04-24-2026
25 System Portfolio NQ = -$1,470
7 System Portfolio NQ = +$620
3 System Portfolio NQ = -$405
2 System Portfolio NQ = +$620
Stock Index Portfolio 18 = +$4,390
Diversified Portfolio 57 (NQ Only) = +$8,850
Silver Portfolio = -$4,075
50K Portfolio (Micros) = +$783 (without Gold and Silver)