Wednesday, April 2 – Another volatile day with all major indexes closing above the 5-day moving average, but those MAs are still declining, so caution remains key. We’re sitting just under major anchors (last week's gap, recent highs), and with a key news event after the close, expect potential for a sharp move either direction. I'm mostly in cash—missed money is better than lost money. Tesla, Russell, and even biotechs are bouncing, but these are all happening within broader downtrends, so they're day-trade only for now. Financials may be invalidating the head-and-shoulders, while energy names are showing constructive follow-through. Palantir is choppy but holding key levels; still not touching it personally. Nvidia’s bounce is weak—ideally it pulls back, then maybe sets up. Bottom line: there’s progress, but we’re not in a swing-friendly market yet.
