$SPY
– Opening internals 30 minutes into the gap. Subtle improvements with TICK/Q mainly lighting the way. /ES and /NQ wouldn't be surprised to see chop due to size of gap... ME ME ME. Opening fade is over for now.
Laying the swing account to rest until thinks shape up at the index level... flat as of yDay at 9:40 in that account. Some stand out leadership from
$MU
,
$DELL
,
$ANET
. If the market wants to shape up, I can see these being some first targets to get engaged with... TBD
$SPY
– Not a stellar look for longs at the exchange. Some pockets of strength out there in markets, but broadly speaking, looks like the damage is taking hold from FRiday.
$SPY
– Mid day internals are looking okay, and most notably, the gap up did not lead to an immediate distribution... still lots of time between now and 4:00p but for now its looking like "OOPS" is right!
$SPY – Internals mid day are looking a bit softer than we've seen recently. So far the market still fails to really accelerate to the downside noting that we're really just balancing in the prior day's range.
From the weekend video, "Pullbacks will likely be mild, and met with a bid from all those who missed the first leg higher."
Feels like that thus far.
🔴 LIVE NOW!
$SPY – Markets are opening on a gap up towards new all time highs thanks to AMZN making a massive investment in Anthropic that the market sees as bullish. Will it fuel higher prices?
Let's begin.
https://t.co/DshDsFWfdN
$SPY – No traction on either side. Given the current state of the market... probably wise to dodge the short ideas and instead let the market figure out if it wants a higher low pullback or digestion via time.