Preview of the Week Ahead: W/C April 13, 2026
SPX within 2% of Highs: All Clear? Not quite.
Hope you all are having a good weekend. Below, we will be previewing the upcoming week’s events and providing a portfolio update as usual.
Format for what is covered in this weekly preview:
A Look at the Indices
Key Upcoming Economic Events
Upcoming Earnings Reports
Charts
Notable Portfolio Changes from the Previous Week
Current Portfolio Holdings
Position size, cost basis, and commentary on each holding regarding the intended holding period and any planned activity
Closing Thoughts
Indices
Dow Jones advanced 3.08% in the last week
S&P 500 advanced 3.33% in the last week
Nasdaq Composite advanced 4.18% in the last week
IWM advanced 3.74% in the last week
Key upcoming economic events
Monday, April 13
Existing Home Sales (March): 10:00 AM ET.
IMF/World Bank Spring Meetings Begin:
Watch for comments on global growth and inflation.
3-Month & 6-Month Bill Auctions: 11:30 AM ET.
Tuesday, April 14
Producer Price Index (PPI) - March: 8:30 AM ET.
Wednesday, April 15
NY Empire State Manufacturing Index: 8:30 AM ET.
Federal Budget Balance: 2:00 PM ET.
Thursday, April 16
Philadelphia Fed Manufacturing Index: 8:30 AM ET.
Weekly Unemployment Claims: 8:30 AM ET.
Industrial Production & Capacity Utilisation: 9:15 AM ET.
Measures the output of US factories, mines, and utilities.
Upcoming Earnings
Below is the infographic by Earnings Whispers highlighting the schedule for this week:
Charts
SPX
Currently trades at 6,816.89, 0.81% above the 50SMA and 2.32% above the 200SMA.
RSI 59.98
-0.61% YTD
Distribution days in the last week: 0
The SPX reclaimed all key moving averages this week. If we do get some retracement this week, there is a large gap at 6620 which may get filled.
COMPQ
Currently trades at 22,902.90, 1.78% above the 50SMA and 2.19% above the 200SMA.
RSI 60.77
-1.43% YTD
Distribution days in the last week: 0
The Nasdaq Composite ended the week above all key moving averages. I will be watching to see if the SMA 200 will be held on any pull back but like the S&P, there is a large gap, at ~22,000, which may be filled.
BTC (currently Long)
Currently trades at $71,428.59, 3.27% below the 50SMA and 18.72% below the 200SMA.
RSI 55.1
-19.5% YTD.
Since testing the 200-week moving average on Thursday, February 5th, Bitcoin has continued to trade primarily within the $63,000–$70,000 range. In early March, BTC did exhibit some strength , putting together a string of 8 green days and traded as high as $76,000 for a moment.
As of Sunday 13:20 BST, BTC is above the EMA 20 and SMA 50 which is a positive development initially. $74,000 remains an important resistance level and bulls would want to flip that to become support.
EEM
Currently trades at $60.56, 2.53% above the 50SMA and 12.19% above the 200SMA
RSI 60.6
+7.68% YTD
$EEM continues to outperform the U.S. indices comfortably year-to-date, almost 800 bps, and whilst it did pull back sharply over the last few weeks it has rebounded meaningfully
EEM remains in an uptrend; however, the levels to watch for pullback buys are at the SMA at 59.07 and then $55.00 (horizontal support). If the $55.00 support level is lost, the 200-day SMA will come into play. I believe EEM could be setting up for multi-year out performance hence I continue to watch it closely.
GOLD (Long Physical)
Currently trades at $4751.68, 3.25% below the 50SMA and 14.38% above the 200SMA
RSI 49.58
9.93% YTD
Gold remains in an uptrend, though it is 15% or so off the highs.
The overhead 50SMA (4911) will be an important level to watch and below that the 200 day SMA (4120)
AMD
Currently trades at $245.04, 17.05% above the 50SMA and 22.88% above the 200SMA
RSI 70.14
+9.65% YTD
Last week about AMD I had written:
AMD has held up well relative to the indexes, showing relative strength. I like the way the chart is setting up; a break above 221 could bring a move to ~237 very quickly. To the downside, the 200 SMA is the level to play risk against.
AMD closed at 245 and was up roughly 30 points on the week. AMD continues to show good strength; however, since semis are very overbought right now, I would not be surprised to see some backfill and perhaps a test of the SMA 50 or even the SMA 200 again.
CRWV
Currently trades at $102.00, 19.04% above the 50SMA and 0.99% above the 200SMA
RSI 45.95
28.59% YTD
Last week was a strong one for CRWV as they announced a multi-year Anthropic agreement, confirmed a significantly expanded agreement with Meta ($21B over 5 years), received a credit upgrade, and initiated a further $3B debt offering to fund the Meta expansion. Stock was up 25% or so as I feel these were seen as de-risking events.
CRWV is trading above its 5, 20, and 50-day moving averages and initially found some resistance at the overhead SMA 200. Notable volume entered the stock in the last two sessions especially. This is one on my watch list where I may enter either on a breakout and re-test of the SMA 200 or if it can pull back and hold the SMA 50.
AI infrastructure peers like NBIS, HUT, and CIFR are also showing bullish momentum, especially the first 2 named.
CIFR chart is included below and it could be interesting either on a breakout above the trend-line or on pullback to find support at the moving averages.
S&P 500 Percentage of Stocks Below the 50 Day Moving Average
Readings below 10 tend to be fantastic buying opportunities. We did get to 20 at the recent pico low on the SPX.
Notable portfolio changes in previous week (all updated live in subscriber channels):
Entered HOOD Tuesday and sold at Wednesday open for +15%.
