Saturday, April 4, 2026 
My Thesis For a Rally
Yes. I am calling for a rally. How big? Not sure. Have we put in THE bottom? Not even close. But I think we will rally here.
Energy names look to have put in a short term bottom.
Financials have been ripped to shreds.
If financials don’t go down and energy rallies, the S&P ($SPX) will go higher. If Financials rally and Energy rallies, then the ($SPX) will go even higher. I’ll say two upside levels are 1288 and 1324.
As far as the NASDAQ ($COMPQ) goes, it looks very bearish, but many of these names are stretched way down here. A bounce is in order. Ultimately, I see (RIMM) at 45, but we won’t go straight there. I expect a bounce.
So where do I own insurance? I own upside insurance in Valero (VLO), I own downside insurance in Prologis (PLD). I am also inspired by some other ideas. Next week, when I am listening to the trading pit and watching the price action, I will decide if I find further inspiration and am compelled to buy or sell some volatility.
Peace
