AJG Trading Desk — Morning Brief
Thursday, April 02, 2026
1
Watchlist Overview
| Ticker | Price | Stage | Grade | Bias |
|---|
| SNDK ⚠️ |
$692.73 |
Markup → Stress |
A→C |
Bearish (Doctrine) |
| LLY ⚠️ |
$954.52 |
Distribution/Decline |
A→F |
Bearish (Doctrine) |
| GLD ⚠️ |
$437.82 |
Markup Pullback |
A→C |
Neutral/Conflicting |
| WULF |
$14.48 |
Stage 4 Decline |
F |
Bearish |
| SIDU |
$2.10 |
Stage 4 Decline |
F |
Bearish |
| CONL |
$6.88 |
Stage 4 Decline |
F |
Bearish |
| PLTR |
$146.49 |
Distribution → Decline |
C |
Bearish |
| MU |
$367.85 |
Distribution → Decline |
C |
Bearish |
| NVDA |
$175.75 |
Distribution |
C |
Neutral/Bearish |
| QQQ |
~$573–587 |
Distribution |
C |
Bearish |
| IWM |
~$244–252 |
Distribution |
C |
Neutral |
| SPY |
$655.24 |
Distribution |
C |
Neutral |
AJG Trading Desk — Morning Brief
Thursday, April 02, 2026
S
Market Sentiment Overview
Brian Shannon Framework — Broad Market
All three major indices (SPY, QQQ, IWM) are in confirmed Stage 3→4 distribution. Price is below declining EMAs, rallies are being sold, and VIX remains elevated. Regime: BEAR. Bias: favor short continuation, fade gap-ups, avoid breakout longs until weekly structure repairs.
SPY — Bearish Distribution / Stage 3→4
SPY broke its Stage 2 uptrend on heavy volume and is now in confirmed distribution. Price is below all key EMAs (21/50/200-day) and each rally is being sold into. Shannon framework: Stage 3 distribution transitioning to Stage 4 decline. Do NOT buy di
Charts not available — ticker not in today's watchlist scan
QQQ — Bearish Distribution / Stage 3→4
QQQ mirrors SPY but with higher beta — tech is leading the selloff. The weekly chart shows a clean break of the multi-month trendline with expanding volume on down weeks. Shannon: Stage 3 distribution with no reversal signal. Avoid longs until weekly
Charts not available — ticker not in today's watchlist scan
IWM — Weakest of the Three / Stage 4 Decline
Small caps have been in Stage 4 decline longer than SPY/QQQ — they led the breakdown and have not bounced. IWM is printing lower highs and lower lows on the weekly. Shannon: Confirmed Stage 4. This index is the risk-on barometer — its failure confirm
VIX — Elevated / Fear Regime
VIX is elevated and trending higher — each market bounce compresses VIX only temporarily before it spikes again. Elevated VIX means options are expensive: avoid buying premium. Shannon framework does not apply directly to VIX but structurally: rising
Charts not available — ticker not in today's watchlist scan
UVXY — Trending / Volatility Amplifier
UVXY is making higher lows as VIX stays elevated — this confirms sustained fear, not a single-day spike. Traders holding UVXY are being rewarded, which historically means the bear trend has more room. Watch for UVXY to roll over on a VIX compression
Charts not available — ticker not in today's watchlist scan
AJG Trading Desk — Morning Brief
Thursday, April 02, 2026
2
Closing Notes
AJG Trading Desk — Morning Brief
Thursday, April 02, 2026
A
Methodology
1 Pipeline Architecture
This report is produced by an automated multi-stage analytical pipeline. No human discretion is applied during generation — the system follows a deterministic, rule-based process.
Scanner→
Chart Capture→
Multi-TF Analyst→
Synthesizer→
PDF Renderer
- Scanner — Pulls the active focus watchlist and retrieves current market data.
- Chart Capture — Headless Chromium renders TradingView charts across 4 timeframes (W/D/30m/5m) with extended hours enabled.
- Multi-TF Analyst — Vision-language model evaluates each ticker's charts independently, then assesses cross-timeframe alignment.
- Synthesizer — Aggregates all analyses plus broad sentiment into a unified regime classification and report.
2 Shannon Grading System
Each ticker receives a composite grade (A+ through F) reflecting setup quality — not directional prediction. Factors: stage identification, timeframe alignment, trend quality, volume pattern, key level positioning, and risk clarity.
| Grade | Criteria | Position Sizing |
|---|
| A+ / A | All factors aligned, clean structure, strong volume | Full / near-full position |
| B+ / B | Good structure, most factors aligned, minor concerns | Standard / reduced position |
| C | Mixed signals, partial alignment, choppy structure | Watchlist — selective entries only |
| F | No setup, opposing timeframes, broken structure | No trade — avoid |
3 Featured Selection & Regime
All tickers graded B- or better receive full chart review. All tickers appear in the watchlist table. Regime classification (Bull/Bear/Transitional) is determined by breadth, index structure, volatility regime, sector rotation, and cross-asset signals.
AJG Trading Desk — Morning Brief
Thursday, April 02, 2026
4 Technical Stack
- Analyst Model: cached
- Tickers Analyzed: 10
- Avg Confidence: 69%
- Synthesizer: Claude Sonnet 4.6
- Charts: TradingView (extended hours), Playwright 1920×1200
- PDF: Playwright page.pdf(), Letter format
Frameworks matched:
- Exhaustion Gap + Melt
- NONE
⚠ Disclaimer: This report is generated by an automated system for internal desk use only. It does not constitute financial advice or a solicitation of any kind. All analysis is based on historical price action and technical chart patterns — past performance does not predict future results. Grades reflect setup quality, not guaranteed outcomes. Always apply independent risk management. Trade at your own risk.
