April 17, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Strait Of Hormuz Open

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows that the stock market is now above the magnet.
• As a member of The Arora Report, you have been ahead of the curve.  In the Morning Capsule on April 13, we wrote:

Supporting the stock market this week will be $30B – $40B of buying by Commodity Trading Advisors (CTAs).  CTAs tend to be systematic, algorithmic driven, trend followers.