Published to Our Community April 23rd, 2026 at 5:53 AM EST
Delivered to Inbox at 9:00 AM EST

-2.82% vs SPY +1.01%

While top pick MOB hit the target and UMAC nearly did, other top picks including AXON AVEX and HOOD did not. In addition, we took several large trades in after-hours which failed. As a result, we materially underperformed the SPY.

YTD: +77.95% vs SPY +4.58%

* Above performance reflects our CEO’s personal trading portfolio based on top trade ideas shared daily in this note, on live streams, and in Discord. Long-term account performance is not officially tracked. Individual results will vary.

It’s time.

After calling the entire move down in March and calling the bottom on April 6th, we will be taking a more cautious stance today.

Brent Crude oil is back over $100 and we have seen many parabolic moves in stocks and blow-off top candles (like in CAR) which is often the sign that a broader correction is near.

To be clear, nothing on the technicals on QQQ or SPY are particularly worrying yet; we are simply trying to get ahead of a possible correction based on the signals noted above.

We are therefore downgrading to a yellow alert on all timeframes. This doesn’t mean to exit the market. It means to be more selective in the trades you do take, carry higher cash balances, and consider some hedges to protect your longs.

Day Signal: 🟡

Swing Signal: 🟡

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