4/8/2026
OK, analysis, I should have gone aggressively short on the move down from all time highs, the crossover of PMO and drop of RSI. Given Trump ultimatum, no trade would have been better yesterday but a small addition not big loss.
In fact the upside occurred in Globex before the market openned in the US. No real follow thru, lots of short covering. Now RSI and PMO are near max, more possible but...
Now what Donald? Iran can claim to have lasted the Great Satan, still in control of Hormuz, and can send rockets to its neighbors? And now there is a two week window for Iran to recover.
NDX Reistance
the red line should mark a resistance area before the rally ends.
Bond prices rallied a bit along with stocks. Bond and stock prices will resume their downtrends, patience.
I don't see trying gold and silver at this point.
Do not believe calm has returned, check out this NBC report. Those readers old enough to recall Watergate, can see echoes of that sentiment here. While the Republican controlled Senate will not likely vote to convict and I doubt the narrow control House will, imagine the Dems controlling both Houses after November. My map for 226-227 is in fact 1973-74 where the DOW dropped 50% in two years.
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More than 70 lawmakers, including a handful of senators, said in separate social media posts that Trump's Cabinet needs to invoke the 25th Amendment to the Constitution and declare him unfit to serve, Congress should impeach and convict him, or both.
"The House and Senate must return to session. The House must pass articles of impeachment, and then the Senate must vote to convict and remove the President. Or, the cabinet and Vice President, with congressional concurrence, must invoke the 25th Amendment and remove Trump," Sen. Ed Markey, D-Mass., wrote in a statement on X.
Sen. Chris Murphy, D-Conn., said he agreed with calls to invoke the 25th Amendment, adding: “No President in control of his senses would publicly promise to eradicate an entire civilization.”
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