This !VMCOSINDS chart just left the earth's atmosphere. 

ZM - Less travel and more zoom.

For what it's worth there was a Denmark 13 on the daily GDX and DUST on Monday.

DUST 60min

UVIX 10min

While the Nasdaqand QQQsurged for a 10th straight day(closing at 23,639.08), the underlying energy reality is flashing a "Code Red." The spread between physical oil and paper futures is currently at a historic extreme, creating a "trapdoor" for this 10-day rally.

1. The "Structural Fracture" in Oil (April 14)

The physical oil market is in "Extreme Backwardation."This means refiners are paying a massive premium for oil right nowbecause they cannot wait for the Strait to reopen.

The Warning:The $40+ gapbetween what refiners pay and what futures traders bet is a signal that the "plumbing" of the global energy market is broken. If the physical price doesn't drop soon, the 10-day stock rally will likely face a vertical reversalas energy costs hit corporate earnings. 

2. Market Internals: The 10th Day "Melt-Up"

The Nasdaq (+1.96%)and S&P 500 (+1.18%)closed at post-war highs today, but the internals show this move is "thin":

• NYMO/NAMO:Despite the 10-day streak, breadth is weakening. The rally is being driven by a handful of "Generals" ( Meta +4.42%, Amazon +3.77%, Nvidia +3.47%), while the "Soldiers" (small caps and industrials) are lagging.

• Volume Profile:Today's rally was fueled by "Hopium"—traders front-running a second round of peace talks in Pakistan that have not yet been confirmed.

• Strategy for the 10-Day Streak

  The "Strait is closed / No deal" reality is the fundamental trigger. The technical trigger for your short position is the 8-day EMA(currently near $619on the QQQ).

  • The "Trap":If the QQQ fails to hold $620tomorrow morning, the 10-day "gamma squeeze" will likely unwind rapidly.

  • The Target:Watch for a move back to the 200-day moving averageif the Dated Brent price ($140+) doesn't converge with futures ($98) by the end of the week.

-Gemini AI

RGTI, QUBT, IONQ

VKTX Weekly Chart

I had not really noticed how well this setup has worked in the past.

VIX - Doji off the 250dma

CYPH

Divergence on the 60min SPX:HYG

VIX is below the lower BB. If the VIX bounces off the lower band and closes higher today, it often marks the exact top of the relief rally.  Also lots of gaps to fill below for many stocks. 

CHOW - High volume day

Iranian news agency Fars News said on X that the passage of oil tankers through the Strait of Hormuz had been halted “following Israel’s attacks on Lebanon.” Israeli Prime Minister Benjamin Netanyahu’s office said late Tuesday that the cease-fire agreement didn’t include Lebanon. 

“The strait hasn’t reopened. Iran is still the gatekeeper,” said Matt Smith, an analyst with Kpler. Smith expects that 10 to 15 oil tankers a day will transit the strait during the cease-fire, “for however long that lasts.”

ANAB - This one has a unique catalyst—a spin-off of "First Tracks Biotherapeutics" scheduled for April 20, 2026, along with a $100M buyback

DRS, CURE, JMIA

Figured something was up when the markets went up near the end of the day. 

Why Zandi is Raising the Alarm Now

Several factors have converged to push the VCI toward a recessionary signal in early 2026:

• The "Oil Tipping Point":Zandi noted that almost every post-WWII recession was preceded by a spike in oil prices. With Brent crude climbing above $100 a barreldue to the conflict in Iran, energy costs are acting as a "tax" on consumers.

• Labor Market Softness:The February 2026 jobs report was a major catalyst, showing a loss of 92,000 jobs—a stark contrast to the growth expectations.

• Regional Recessions:Zandi previously identified that 22 U.S. states(primarily those focused on manufacturing, agriculture, and mining) were already in a "private recession" as of late 2025.

• GDP Revisions:Growth for Q4 2025 was revised down to 0.7%, a sharp drop from the 4.4%seen in Q3, suggesting the momentum has already stalled.

VIX