Can't Stop

Addicted to the shindig

24 large cap stocks ran up more than 10% today. Yes, just today. And not just darlings like Snowflake (up 36%). The list included Dollar Tree (+18%), U-Haul (+14%) and Hormel Foods (+13%). A good year all in one day.

It invokes the Red Hot Chili Peppers Can't Stop because we are clearly addicted to the shindig. From their lows on March 30th, the S&P 500 is up 19% and the Nasdaq 100 has rocketed 32% higher. Not even renewed skirmishing in the Gulf can put the brakes on this train.

Even the VIX Mix seems to have finally received word that we’re in a bull market, printing 80% for the first time in 2026. We also have 15 of 17 components in the green.

That also means that 10-day moving average trendline has pushed to a new high for the year. Can’t stop.

My friend Doublewide Capital showed off his version of my VIXM:VIXY chart on the twitters today. It has been signaling short vol since early April and continues to support taking that side of the trade. Not a recommendation. Do your own work.

That’s all I’ve got for now. One more day in Seattle then back home on Saturday. I’ll find time to feed all you VolManiacs at some point over the weekend. Until then, make sure you’re not too far over your skis because what can’t stop will stop and you want to be ready when it does.

All content presented here is for informational and educational purposes only. Distribution of any content to any persons other than the recipient is unauthorized. Furthermore, any alteration of content presented here is prohibited. By accepting delivery of this presentation, the reader agrees to the foregoing. Certain information presented herein has been obtained from third-party sources considered to be reliable, but there is no guarantee of completeness or accuracy and it should not be relied upon as such. There is no obligation to update or correct any information presented. Readers should not treat any statement, opinion or viewpoint expressed herein as a solicitation or recommendation to buy or sell any security or follow any investment strategy. This material does not consider the investment objectives, financial situation, or needs of any particular reader. Readers should seek advice from a qualified financial or investment advisor prior to making any investment decision.