All you can say when you look at a chart of the S&P 500 and NASDAQ is, “It’s going up.” It’s been a beautiful follow-through after my model’s “catch a falling knife” read triggered on 2025/4/8. What you can’t easily tell when looking at the indexes alone is the fact that the entire breadth of the market has been improving steadily since the beginning of April, same time as my model’s read mentioned above.
Individual sectors in the S&P that were showing resilience by not dropping as much as the rest of the market—namely defensive sectors—have started to advance into positive territory.
Bitcoin, on the other hand, has been outperforming the indexes and, as of Friday, May 9th, 2025, it’s up almost 6% versus the S&P 500 and NASDAQ, which are down around 4% and 5%, respectively.
The market has been making this advance with the backdrop of pessimism—and, at best, uncertainty—due to the ongoing tariff debacle.
Reflecting this advance, my core position has grown in accordance with market momentum driven by my proprietary algorithm and complemented by automated options management for risk mitigation under active oversight.
Related note: S&P 500: Follow-Through After Catching a Falling Knife