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Alfonso’s Daily Note

Tech Is Back

April 30, 2025

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Just a few weeks ago, Tech looked like dead weight — it was the main culprit behind the recent market correction and was on the verge of completing a massive top.

But fast forward to today, and the picture looks very different.

Price briefly broke below a critical support zone, only to snap back with force as buyers stepped in exactly where they needed to — trapping the bears and flipping the narrative.

Now, XLK has reclaimed the VWAP anchored to the all-time highs.

 

That’s the equivalent key level that the major indexes are fighting with right now...

Hot Corner Insider

Regional Bank Insiders Hit the Buy Button – All at Once

April 30, 2025

After weeks of increased volatility, bank insiders are voting with their wallets — four buys in one day across the regionals.

📌 Texas Capital $TCBI – Director Robert W. Stallings reported a purchase worth $339,000, his second big buy this month.

📌 PNC Financial $PNC – Director Martin Pfinsgraff bought 1,000 shares, equivalent to $158,220.

📌 Burke & Herbert $BHRB – Director Mark Guthrie Anderson dropped $159,000 into the Virginia lender.

📌 Banc of California $BANC – Director James A. Barker bought $131,560 worth of stock.

Here’s The Hot Corner, with data from April 29, 2025:

 

Click the table to enlarge it.

📌 Chief Medical Officer Samit Hirawat filed a Form 4 revealing a purchase of 4,250 shares of Bristol-Myers Squibb $BMY.

Any insider purchase at a pharma giant trading near multi-year...