Weekend Report for Monday, April 27, 2026
Bottom Line:
From last weekend’s update:
We have crashed – up. I’ve been “predicting” a more two-sided market and by-golly I’m not going to stop now! In all seriousness, what we have seen since the beginning of April and especially all this week is a historic move by so many measures.
Even in relentless rallies you will get at least small pockets of day-to-day balance and intraday rotation. We had very little of that for two weeks, and none of it for the last week. It is increasingly likely this is going to soon resume, if the US stock market rallies for the remainder of the year.
The NDX and SPX remain in persistent Vertical Development. The other indices have begun to show more “normal” development. It is a complete guess as to how much higher the NDX and SPX trade without even minor pockets of Balance, but the current rate of change in the two is already historic.
PDF: Weekend Report_2026_04_25
VIDEO: https://youtu.be/QigWXXtoeVA
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SPX
Minor pause but closed on its high on Friday.
NDX
Same comments as for the SPX.
DOW
The Dow formed a Balance Area consisting of last week’s trade.
RUT
Same comments as for the DOW.
NYA
RSP
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US Dollar – Weekly
US 10-yr Notes – Weekly
Gold
The 4964-5057 area is a significant inflection point.
Crude Daily
What crude does on a day-to-day basis is a complete guess and entirely dependent on the situation with Iran.
Bitcoin Weekly
BTC is just below a critical inflection point.
