Posts by Evan Medeiros
Rotation Accelerates as AI Infrastructure Loses Momentum
Stocks held their ground in a choppy holiday-shortened week, but the tone shifted under the surface as semiconductors cracked key support and high-beta leadership showed signs of distribution. Market breadth remains supportive, yet the 59-day strong swing environment is getting more selective.
Read MoreRotation Is Happening, But Semiconductors Still Matter Most
This week’s episode breaks down a messy but still constructive market backdrop, with Mag 7 weakness, Micron-driven semiconductor volatility, and expanding realized volatility testing the bullish swing environment. The key question is whether semiconductors can defend support and keep the broader mar
Read MoreThe Fed Got Hawkish. Semis Still Don’t Care.
Markets held firm through a holiday-shortened week, with the S&P 500 grinding sideways and the Nasdaq pushing closer to highs. Despite a hawkish Fed tone and continued weakness across the Mag 7, the broader swing environment remains strong.
Read MoreThe Indexes Bounced, But Mag 7 Stocks Rolled Over
Markets staged a sharp snapback this week, led by semiconductors and improving breadth, but the rebound comes with an important split beneath the surface. While the broader market state remains strong, all seven Mag 7 names are under pressure, raising questions about how far the major indexes can cl
Read MoreSpaceX Hasn’t Launched Yet and It’s Already Taking the Market Down
After nine straight weeks higher, markets finally hit a sharp risk-off reversal as semiconductors, high-beta leaders, and crypto all came under heavy pressure. This week’s episode breaks down whether Friday’s flush was a healthy reset after an overheated run or the first warning shot of a deeper pul
Read MoreThe Stock Market Rally Is Working, but Nobody Feels Good
The rally kept working this week, with major indexes pushing to new highs and momentum still favoring the bulls. But beneath the surface, this market is testing patience as leadership stays concentrated, volatility falls, and many traders feel pressure to chase or second-guess their process.
Read MoreDip Buyers Showed up Fast as Small Caps Lead the Bounce
Dip buyers returned quickly this week as macro pressure eased and AI leadership held firm. The pullback was shallow, the Russell 2000 bounced from a key level, and semiconductors regained momentum after Nvidia earnings.
Read MoreThe Rally Is Winning, But Rates Are Fighting Back
This week’s Stock Market Weekly breaks down the first meaningful cracks in the AI-led rally, as semiconductors, the Nasdaq 100, and market breadth begin to weaken. Rising rates, higher oil, and inflation pressure are now pushing harder against the market’s momentum engine.
Read MoreGalahad trading system performance for April 2026
Here is the Galahad trading system performance report for April 2026, including the monthly benchmark comparison and a brief review of the market environment that shaped the portfolio during the period. Monthly Performance Portfolio April 2026 Since Inception Galahad 2.83% 61.72% S&P 500 10.51% 51.50% See Performance Disclosures: Monthly Performance. Evan uses Interactive Brokers as…
Read MoreThis Rally Keeps Getting Harder to Buy. Here’s Exactly What I’m doing.
This week’s Stock Market Weekly breaks down a powerful but increasingly narrow rally led by semiconductors, memory, storage, and AI infrastructure. QQQ and SMH are moving at a remarkable pace, but the speed and concentration of the move raise important risk-management questions for traders chasing s
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