(starting new thread for April)
From previous Jil/hanera discussion here: Today Market March 2026 - #17 by Jil
and this TA as well it seems like the next stop is 6150 (?) and then a bounce before going down to 5500/5400.
Any market thoughts for tomorrow…umm…given the new developments?
As per TA, it is supposed to go 6000 range. However, there are fundamental changes on ceasefire. If agreed, market may resume bull run.
When fundamentals comes to force, TA will completely changed with attractive prices in range.
Fundamentals broke:
As per technical, when market closes positive today, it is supposed to start sliding down to final bottom towards 6000 (This is simulated low and may change when market goes sideways).
If I find some bottom near 6000, I will indicate
Trump has officially TACO’ed.
Indeed…grrr…didn’t give me time to deploy more cash into the market.
Actually it was Iran that caved. Well done Trump.
TACO is the most important trading methodology in the 2nd Trump term. So important that Japanese TV aired a segment to explain to Japanese people.
I guess so, I have 60% holdings, SOXL, TQQQ, UPRO, but few 3 month ITM spy calls, bought yesterday and dca today.
If SPX touches 7050 ATH, I may get out.
Trump can not go back, some Republicans are against war may create issue with 25th amendment!
Market seems to be rotating into Mag7.
Yes, made some good money with MAGS (unexpectedly) !
Now, healthy pull back will happen, but market volatility slowly increases from here until next week friday.
25th thing was tried the first time around. It’s going nowhere.
Trump’s transactional approach to things worked great for the Abraham Accords and many other deals (Bosnia, India v Pakistan, Thailand v Cambodia, etc.) Iran is now the only major player left in the Middle East that hasn’t accepted that you don’t need to love the Jews but you need to accept that they aren’t going anywhere. The long term benefits of bringing Iran to heal are huge. All violence in that part of the world starts with them and their proxies. But religious fanatics are not transactional. When they talk of bringing about the end of the world to get the 12th Imam to rise they actually believe it. No thought for the lives of the Iranian people or even their own. No material considerations. Seventy two virgins and all that. The only out is for Trump and Netanyahu to kill their way past the fanatics and get down to the transactional crooks who can be bribed to help bring this to a positive conclusion. Only the crooks can save the world economy.
Soxl has hit 52 week high. Seems overbought and ready for small pull back?
This SOXL pull back is over and short lived. May be middle of next week volatility starts, do not know that much future. Guessing Thursday (16th Apr) may be lowest.
Are all software companies overvalued? Would all software be disrupted by large language models (LLMs) and AI agents? I’ve always believed that AI agents need to operate on top of software platforms and execute through applications?
David Sachs contends that the market is throwing PLTR baby out with the SAAS water.
https://x.com/amitisinvesting/status/2042986676562055360
Not everyone agrees with David’s claim that some software companies are not overvalued.
Why is Trump pumping PLTR?
Technical picture is not promising.
Today market went up surprisingly, that results 0DTE 55 times jump (a rare opportunity, I missed it as I do not like to take risk) !
Guess work: SPX market planned to go down Wednesday and Thursday. Market is preparing for it.
Even if positive tomorrow open, very likely turn into negative after 2 hours.
This is again guess work, no guarantee. For my safety side ,sold all ETFs to cash mode. No puts, no shorts.
The volume on several names is very low - eg: QQQ trading volume last 2 days is 40% lower than the avg trading volume for the last 30 days
S&P hits ATH.
