Technology's K-Shaped Correction

We made it - Happy Friday!

The Artemis II astronauts splashed down moments ago. What a time to be alive!!

The Nasdaq Composite closed at its highest price since February 25th. The S&P finished flat. The Dow dipped -0.56%.

Technology advanced +0.39%, it too - closing at its highest price since February 25th. It's great to see higher highs, but we have a long way to go. 

Semi's sailed +1.53%, closing at an all-time high. 

Software got rocked. $IGV stumbled -7.06% this week, closing at its lowest price since November 2023. 

The "AI" is here, and it's real. Proving to perform a k-shaped correction. The semiconductor // software divergence is one for the history books.

Aerospace and defense declined -0.91%. Space closed just shy of an all-time high. 

Heck - even the quantum ETF $QUTM finished at its highest weekly close since mid-February.

The bulls appear to be in control. But let's remain cautious. 

Next week, the major banks kick off the Spring earnings season. These earnings reactions are mission-critical information. 

Here’s the weekly S&P 500 heat map.

Notable New Highs + Lows

On Friday, April 10, 2026 - New Highs led New Lows - 94 vs. 83.

52W Highs — $SPIR | $TTMI | $AAOI | $COHR | $MRVL

52W Lows — $ANGX | $FICO | $CLBT | $DCBO | $SNOW

Rosebee's Radar

France To Ditch Windows For Linux To Reduce Reliance on US Tech - TechCrunch

As Semis Go, So Goes the Market - Alfonso De Pablos

French Defense Spending Uplift Targets Air Defense, Munitions And Space - Aviation Week

Assessing Claude Mythos Preview’s Cybersecurity Capabilities - Anthropic

CoreWeave Announces Multi-Year Agreement With Anthropic - CoreWeave

Tesla FSD Supervised Approved In The Netherlands - Twitter