2026-04-01
SPY gained 0.8% to $655 as the market gapped up and closed on the high of the day. Iran negotiations were reportedly progressing, and ADP reported 62K new private sector jobs.
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Daily Market Analysis
April 2026
SPY rose 10.5% to $719 as buyers erased six weeks of losses in two weeks. A cease fire in Iran sparked a 2.6% jump on April 8, and short covering pushed the index through its major moving averages to new all-time highs. Mega-cap tech earnings and strong chip stocks supported the advance late in the month.
A complete intraday market analysis for each day is listed below.
2026-04-02
SPY rose 0.1% to $656 as the market gave back gains and futures fell more than 100 points overnight. A big drop like this tends to be sticky, and a retest of support remained possible.
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2026-04-06
SPY rose 0.5% to $659 as the market bounced off support with a higher low double bottom after a deep drop. Trump's deadline for Iran to open the Strait of Hormuz approached.
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2026-04-07
SPY was flat at 0.0% and closed at $659 as one of the slowest trading days of the year left the range at a third of the 20-day average. Markets to react to war and then grow numb to it.
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2026-04-08
SPY gained 2.5% to $676 as the S&P 500 rose 175 points overnight on cease fire news and ships began to pass through the strait. The move blew through the 200-day MA, though some was mechanical.
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2026-04-09
SPY gained 0.6% to $680 as the market flew through the 200-day and 50-day MA on heavy volume after the cease fire announcement. Short covering drove much of the move, and a deal had not been signed.
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2026-04-10
SPY slipped 0.1% to $679 as a massive short covering rally on a possible Iran deal carried through the 100-day MA. CPI came in at .2% excluding food and energy.
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2026-04-13
SPY rose 1.0% to $686 as the market grew numb to the war. RevMed's Phase 3 pancreatic cancer trial nearly doubled typical survival and cut the risk of death by 60% versus chemotherapy.
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2026-04-14
SPY gained 1.2% to $694 as the market shrugged off news that no Iran agreement had been reached and filled its gap within minutes. Focus shifted to earnings, with buyers stepping in above the 100-day MA.
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2026-04-15
SPY rose 0.8% to $700 as a persistent, light-volume rebound erased six weeks of losses in two weeks. The market was seen heading for a new all-time high even with no deal reached with Iran.
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2026-04-16
SPY rose 0.2% to $702 as consecutive long green candles continued. Light volume rallies were called not bearish, with short covering and Asset Managers catching up while few sellers remained.
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2026-04-17
SPY rose 1.2% to $710 as the market, up 10% in two weeks, gapped to a new high. A strict day-trading pattern starting with a long red candle that closes on its low was flagged as a possible profit-taking setup.
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2026-04-20
SPY fell 0.2% to $709 after a weekend in which Iran attacked boats and the Strait of Hormuz closed again. Overnight trading showed investors unconcerned, with thin supply and short covering supporting prices.
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2026-04-21
SPY fell 0.7% to $704 after a new all-time high as Trump's cease fire deadline approached. Wars were described as having no lasting market impact, with earnings now in focus.
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2026-04-22
SPY rose 1.0% to $711 as Iran news carried less market impact each day and the cease fire was extended. Recent gains held, with selling absorbed and Asset Managers expected to grow anxious.
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2026-04-23
SPY fell 0.4% to $708 after a 10% two-week rally as the market paused. Shorts had covered and profit taking at the all-time high created supply to work off, so choppy action was expected.
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2026-04-27
SPY rose 0.2% to $715 as the market held its Friday gains and set a new all-time high. The week ahead brought an FOMC Statement with no policy change expected, GDP, and heavy mega cap earnings.
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2026-04-28
SPY fell 0.5% to $712 as a busy news week raised the chance of a test of the breakout from two weeks ago. GLW dropped 10% pre-open and Open AI reportedly missed internal targets.
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2026-04-29
SPY was flat at 0.0% and closed at $712 as the market preserved its all-time high breakout. AMZN, GOOG, META and MSFT reported after the close and combined they represent 20% of the S&P 500.
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2026-04-30
SPY rose 1.0% to $719 as mega cap tech earnings drew a positive early reaction for MSFT, AMZN and GOOG while META was weak. Q1 GDP grew 2% and jobless claims fell to 189K.
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