10-Point Momentum Wrap + Dashboard 🟢🟡🔴

Research Notes April 2026 > https://www.unum.capital/post/rapril2026

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🏛️ 10-Point Momentum Wrap

1. The Blow-Off Transition: The vertical ascent in SOL and OMN has transitioned into a "distribution" phase; price is flat while RSI begins to curl, a classic "Sell on Rally" setup. 🛢️

2. The Bank "Snap-Back": A coordinated short-squeeze is underway in ABG and SBK, moving them from 🟠 Weak to 🟢 Strong in 48 hours. 🏦

3. Necessity Retail Floor: SHP and BOX have successfully defended their Monthly structural means, suggesting the "Necessity" bid is the only reliable consumer hedge. 🛍️

4. The Tech Ceiling: Every attempt by PRX to rally is being sold into, as its 🔴 High Bearish Weekly momentum creates a hard technical ceiling near the 32-RSI mark. 📉

5. Gold’s "Waiting Game": The Gold complex is drifting sideways. With Daily RSI at 50 and Monthly at 60+, the "Smart Money" is waiting for a macro catalyst to trigger the next leg. ⛏️

6. Yield-Sensitive Surrender: Property (LTE, FFB) continues to ignore the rally in banks, proving that yield-proxies are decoupled from the tactical "SA-Inc" bounce. 🏢

7. Chemical Strength: AFE is emerging as a high-conviction momentum play, breaking into 🟢 High Bullish Weekly momentum independent of the broader index. 🧪

8. The Laggard Squeeze: Deeply oversold names like PIK are seeing 10%+ "dead cat bounces" purely on mathematical mean reversion from single-digit RSI levels. 📏

9. Institutional Rotation: Flow data suggests a shift out of "Dollar Hedges" and back into "SA-Inc" cyclicals as the Speedometer moves toward 50. 💱

10. The Tactical Verdict: Move from Defensive to Selective Aggression. Focus on "Buy on Pullback" names that have confirmed a ⚪ Neutral daily floor. 🛑

Lester Davids

Senior Investment Analyst: Unum Capital