Market Pulse
SPY closed up 1.05% at 773.17 and stacked a second straight close above the 21 EMA. The 8 EMA at 767.71 sits above the 21 at 765.58 and both ride well over the 50 SMA at 756.14. Full bullish stack with price leading every average. Buyers are in control here.
QQQ printed its first close above the 21 EMA at 713.67, up 1.19% to 717.67. The 8 EMA barely edges the 21, showing the recovery is early. Price sits above the 50 SMA at 711.03 and towers over the 200 at 656.19. One close is a start, not a trend.
VIX 14.32 (-5.79%)
Opening
Bullish premium led at $271.7M against $114.9M bearish for a net $156.9M bull lean. Semis dominated the tape with SNDK, MU, AMD, and WDC all showing up. Bearish size hit SPCX and WPM.
