SPY Is Doing Nothing. Your Portfolio Isn't.

Apr 11, 2026 3:10 PM · 2 min read

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If you only looked at SPY today (679.46, basically flat), you'd think the market's asleep.

You'd be wrong.

Underneath today's boring headline, five warrant stocks crashed 50-65%, Microsoft is sitting at its cheapest price in 30 days, and the U.S.-Iran ceasefire is holding while oil refuses to drop below $98.

Here's what your portfolio actually looks like.

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The Numbers That Matter

Big indices (the boring stuff):

• SPY — 679.46 — Sleepy
• QQQ — 611.07 — Same
• TSX — 33,696 — Canada says nothing
• BTC — $72,926 — Still holding
• ETH — $2,247 — Meh

The actual signals (pay attention):

🟢 Oversold right now:

• MSFT — RSI 40.5. Last time it was this cheap, it bounced 8% in two weeks.
• AMD — RSI 40.8. Same story. AI hardware is fine, sentiment is not.
• EPD — RSI 31.4. This one's screaming. Energy transfer MLP, pays dividends, sitting at multi-week lows.
• QYLD — RSI 44.0. Income stock at a discount.

🔴 Getting murdered:

• NRXPW -63.7%
• YDDL -62.9%
• PERF+ -51.5%
• KVACW -45.9%
• TOIIW -44.4%

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Why Nobody's Buying the Bounce

The ceasefire is working. Israel and Iran aren't shooting. Stocks flipped positive for 2026.

So why is the market flat?

Because retail is traumatized. After the melt-down, every rally feels like a trap. That's actually the signal. The bounce nobody believes in is usually the one that lasts.

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What Would I Do Today?

If you're Canadian and holding CAD:

• EPD at RSI 31 → worth sizing a small position. Income + oversold.
• MSFT at $371 MA20 → if you've been waiting, this is the zone.
• BTC $72.9K → still in the channel. No action needed.
• Avoid warrants until the bleeding stops. They're not dead, just being priced like they are.

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TL;DR

Market fear index is at 36/100. That's "people are nervous" not "people are panicked." The difference matters.

Ceasefire + flat market + oversold tech = setup for a quiet move higher.

But you already knew that — you just needed someone to say it out loud 😏

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That's the market.

kryptunes.com — Market data that doesn't put you to sleep.