April 28, 2026

Good morning.  Please adjust your stop for the open on AXTI to 65.00.

Premarket is throwing around some sharp moves, but do not get caught reacting to the noise. A large part of this is being driven by scheduled pension rebalancing flows hitting through midweek, not a true shift in sentiment. These types of moves can look aggressive, but they are often temporary and can create opportunity rather than signal danger.

 

Looking ahead, the real focus is what is directly in front of us. Wednesday is shaping up to be the most impactful session of the quarter. FOMC in the afternoon, Powell shortly after, then a wave of major earnings with MSFT, AMZN, META, and GOOGL. Thursday follows with PCE data and AAPL reporting after the close. This is a heavy catalyst window that will likely dictate direction.

For now, discipline matters. There is no need to force trades in this environment. The bigger opportunities are likely to come once this event cluster clears and direction becomes more defined. It has already been a strong month, so there is no reason to press or overtrade.

Stay patient and let the setups come to us.