- Moving the market
Yesterday’s optimism carried over nicely, and the major indexes kept climbing for another solid green day.
The Nasdaq led the way with the strongest gains, while tech stocks continued to support the broader market. Oracle jumped 7% (building on its big move the day before), and Nvidia and Palantir kept climbing too.
Traders were encouraged by President Trump’s comments that Iran “would like to make a deal very badly.”
Even though peace talks had a setback, the market is still pricing in the possibility of some kind of resolution. Oil prices reversed course and fell about 5%, with West Texas Intermediate trading above $93 a barrel.
On the earnings front, Wells Fargo dropped more than 5% after disappointing numbers, while JPMorgan Chase was mixed — it beat estimates but cut its net interest income guidance.
By the close, it felt like “mission accomplished” for stocks: the S&P 500 fully recovered its Iran-related losses and inched into the green, while the Nasdaq closed at the day’s highs.
The Mag 7 had another strong day, up 3% and outperforming the rest of the S&P 493. They’re now up 9 out of the last 10 days.
Bond yields dropped, the dollar weakened, gold pushed above $4,800 (its highest since mid-March), and Bitcoin was on fire again, topping $76K — its highest level since the war began.
Traders are now watching tomorrow and Friday’s massive options expirations, which can sometimes stir up extra volatility.
2. Current domestic “Buy” Cycle (effective 5/20/2025); International “Buy” Cycle (effective 5/8/25)
Our domestic bullish cycle that began on November 21, 2023, concluded on April 3, 2025, following a market downturn triggered by President Trump’s tariff policy announcement.
This development caused significant declines across major indexes and broader market indices. However, markets subsequently rebounded, culminating in a new domestic “Buy” signal taking effect May 20, 2025.
Concurrently, our International Trend Tracking Index (TTI) experienced parallel volatility. On April 4, 2025, it breached critical thresholds, prompting a “Sell” recommendation. This position reversed as global markets recovered, with the International TTI regaining sufficient momentum to issue a new “Buy” signal effective May 8, 2025.
3. Trend Tracking Indexes (TTIs)
Bullish sentiment was strong right from the opening bell and never really let up. The Nasdaq led the major indexes higher and closed near the day’s highs, giving us another solid green session.
The metals caught the positive wave too — silver stood out with a strong +5.5% gain, gold followed with a respectable +2.2%, and copper added a decent +1.3% after its big move yesterday.
Our TTIs jumped on board as well. The international one had the stronger showing this time, but both advanced nicely.
This is how we closed 04/14/2026:
Domestic TTI: +4.80% above its M/A (prior close +4.37%)—Buy signal effective 5/20/25.
International TTI: +7.99% above its M/A (prior close +7.41%)—Buy signal effective 5/8/25.
All linked charts above are courtesy of Bloomberg via ZeroHedge.
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