SYA Daily Report, page-301

Are we getting ready?
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Yes SYA gained half cents to finish at 11c. Our volume was very very high - just over 176m shares traded. So another day where there was some similarity with yesterday, but very different in other ways. We gained half cent like yesterday, so that part was same. But volume - it was so high, as if some turbulence is in play. Normally this high volume would be associated with a much larger share price change, but the way we have traded for so many months, I feel, this turbulence even with a small price increase is very positive. The shorters would have wanted to push back, if not hold. Looks like something may change, lot of coiling, pent up - lets see if it leads to a break out shortly. At least its stirring now.
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ASX Li stocks after a long time had a good day. Of the 75 stocks that I track, average gain was 2.5%.
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Overnight US Li stocks also had a decent day - average gain around 2%.
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What next:
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SP 500 had a very good day yesterday, some ups and downs, but all greens, finally finishing 0.85% up. ASX though had a bigger gain of around 1.3% - second consecutive day ASX has done better than our northern counterparts.
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So we got another higher Inflation print yesterday than expected in PPI, but guess what? The market shrugged it off again. And this time with some runs on the board. Yesterday I had written that the next steps would be to get 4500/4550. We got the first landmark of 4500 by finishing 4505. Next is 4550 - many have been calling for this number for sometime if markets were to go up. Many also believe that bears are waiting (maybe behind bushes) and will come out in strength to trample the ongoing bulls on the run with a surprise. But there is no doubt that they are weakened. They got an opportunity with 2 strong numbers to use to push the market down, but they failed. So a task cut out for them now.

At this stage the bull market trend that started in October is still intact. There have been couple of pullbacks recently, but the buyers have stepped in at the right time. Unless something drastic happens (like Powell raises rates next Wednesday), a good chance of not only reaching 4550, but shortly our recent high of 4600 and then all time high of 4800. Downside, 4420 is still a very key level, failing which 4330/4300 and finally 4200.
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Lead indicator were mixed. VIX the volatility indicator had another big drop yesterday - under 13 now. It is telling we are in bull market. But yields and dollar index rose yesterday, though the market shrugged it off. Bitcoin also on a small move getting over 26k, next level 28k.
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So what will happen tonight? Quadruple witching. Trillions of dollar in play. Market makers will play it to their advantage. Many believe this is a very manipulated event and we can see a lot of volatility. But the bulls want to move on. Yesterday another tech IPO of ARM which was very successful and gave boost to other stocks. For SP 500, the 4550 fight with bear is near, and may happen tonight. Will the bulls win? . Lets hope so. Enjoy your weekend and all the best..