SPX 7,365.12 fresh ATH +1.46% on peace rumour / Nasdaq +2.02% / Dow +612 / ES NQ RTY all NATHs overnight
AMD +20% post-earnings / SMCI +15% / Corning +17% on Nvidia partnership / chip cycle out-shouted Hormuz
Be the bull, trade the bull / cautious bear swing if it sets up / MACD-V still suggesting more upside
GEX migrated up: 7,350 new dominant / 7,400 secondary / 7,300 demoted to floor
Records on rumour. SPX 7,365 and Nasdaq 25,838 hit fresh all-time highs Wednesday. Trump described the catalyst as “perhaps, a big assumption.” Markets, having considered, advanced.
Crude collapsed 7% to $95.08 WTI on a peace narrative. Hormuz crossings on Wednesday: zero. The market priced the deal. The Strait remained, somewhat awkwardly, closed.
AMD up 20%. Super Micro up 15%. Corning up 17%. The chip rally now louder than the war it allegedly survived. RSI above 70 flags the obvious.
Bitcoin near $82,000 on three-day ETF streak past $1.16 billion. The asset celebrated as uncorrelated rallied because oil fell. Correlation, considered, returned to its desk.
Today: jobless claims at 8:30 ET, Fed-president remarks, Coinbase earnings tonight after their 14% cut. Friday delivers payrolls. Records meet the data, or vice versa.
SPX 7,259.22 fresh ATH +0.81% / ES NQ RTY all NATHs overnight / Dow still lagging / 7,300 GEX anchor pulling SPX up / swings flipped back bullish
RUT didn’t even give a minute to trade the bear TnT before flipping back to bullish / headache saved / MACD-V bullish extreme on both
AMD beat hard / +15% AH on top of +66% YTD / data centre +57% / bar moved with it / Disney Uber Arm today
BTC breaking rising channel toward $100K / Gold V-entry from range lows targeting $5K / NFP Friday 49K consensus
S&P closed Tuesday at 7,259.22, a fresh record, whilst Iran was still hitting UAE infrastructure on Monday. The tape decided peace was good enough. VIX agreed.
AMD beat by 9.6% on EPS and guided Q2 to $11.2B at 56% margin. Stock added 15% on top of the 66% year-to-date it already had.
Oil shed 4% Tuesday on Hegseth’s ceasefire confirmation. WTI $102.27, Brent $109.87. Kalshi still says 56% odds Hormuz normalises by August. Both can be true.
Bitcoin cleared $80,000 on May 1’s $629M ETF inflow. Funding rate -5% on 30-day average, which is the carry trade, not a signal. Look beneath.
Disney, Uber, Arm Holdings report pre-market today, alongside Novo Nordisk and CVS. NFP Friday, consensus 49,000 jobs, the new soft-landing baseline. Twelve months ago it was the recession alarm.
Monday cash: SPX 7,200.75 -0.41% / Dow -1.13% (-557 points) / Nasdaq -0.19% / Energy alone in green +0.6% / 10 of 11 sectors red
Tuesday pre-market: ES +0.2% / NQ +0.2% / YM +102 / NazQuack pumping fresh NATHs without a pause
SPX bear TnT continues, BB compress suggests possible sideways consolidation / RUT missed the bear TnT window, BBs pinch, may open near upper BB for new tag
GEX 7,300 new anchor pin alongside 7,200 previous anchor / range could develop between if exposure holds / NFP Friday is the week’s catalyst
Futures tick up 0.2% after Monday’s 557-point Dow flush. UAE intercepted Iranian missiles. The ceasefire is now defended by Patriot batteries, not the April press release.
SPX cue: Friday’s record at 7,230 sits 30 points above implied open. AMD reports Tuesday afternoon. The bar Palantir set is now distinctly ungenerous to neighbours.
Bitcoin tags $80,500 for the first time since January. Spot BTC ETFs took $629.7M on Friday after redeeming Monday through Wednesday. Late, but cheerful, as ever.
Palantir delivered 85% revenue growth, beat EPS by 18%, and raised guide to $7.66B. Stock added 1.5% after-hours. Wall Street, having considered this, applauded politely.
Watch the Warsh Senate vote, AMD guide Tuesday, Friday’s payrolls print, and Hormuz shipping data. Energy was Monday’s lone green sector. The other ten declined comment.
SPX Friday close 7,230.12 fresh ATH +0.29% / Nasdaq +0.89% / April best month since 2020 / 5 straight weeks of gains
Overnight futures: ES NQ RTY all at fresh NATHs / Dow the only laggard / RTY finally caught up
Bear SPX swing on tight leash given bullish MACD-V reading / RUT remains bullish, same dynamic developing
Project Freedom launches today: 15,000 troops, 100 aircraft, guided-missile destroyers through Hormuz / Iran objects / Brent steady $108
Futures mixed at record levels: ES up 0.1%, NQ up 0.21%, YM down 0.2%. April delivered the broad index’s biggest monthly gain in years on five straight weekly gains.
Trump launched Project Freedom Sunday with 15,000 troops and 100 aircraft. A tanker took projectiles 78 miles north of Fujairah hours before. Iran called it a breach.
Bitcoin reclaimed 80,000 dollars on the announcement. ETFs took 630 million on May 1. April delivered the best monthly inflows since October, ending four months of bleeding.
Warsh nomination heads to full Senate week of May 11. Powell’s chair term ends May 15. Yields holding 4.3% on the 10-year. Markets price one cut maximum for 2026.
April jobs report Friday: consensus 53,000 versus prior 178,000. GameStop bid 56 billion for eBay. Asia tech up 5%. Hang Seng rose 1.4%. Kospi at a record.
How UK traders access SPX options in 2026. Brokers, tax, hours, strategy and what to avoid. From a 33-year market trader who actually trades the instrument.
...SPX 7,209.01 Thursday close, first finish above 7,200, April best month since 2020 / RUT back to range highs in three bullish pulse bars / Apple beat all metrics, premarket +3%
SPX classic breakout-pullback setup, bullish to range target reached last hour Thursday / MACD-V at bullish extreme / new TnT signals continuation not reversal / Friday holding posture, not stressing the weekend
Markets doing their fiddler’s elbow impression (up-down-up-down) which after vertical 2 weeks suggests possible major accumulation/distribution before next big move
GEX 7,200 the dominant node / Brent $126 wartime high / Powell held with 4 dissents / Apple Exxon Chevron Moderna April jobs today