  Hey Trader, It's been a hectic 24 hours for the stock market to say the least. Futures were up nearly 60 points… But after an announcement about the government deploying emergency measures to shore up backstop deposits at two failed banks, Silicon Valley Bank and Signature Bank in New York, we saw the futures down more than 100 points from the highs. This isn't the first time US banks have failed, and the market has begun to recover since then… more on why shortly. It's important to note that President Joe Biden addressed the nation this morning regarding the collapse of Silicon Valley Bank, saying that "no losses will be borne by the taxpayers"… Right... Now, ensuring the protection of the customers is great, but SVB's collapse had a negative effect on Signature Bank, which failed only a day later. In response to this, the Fed created a brand-new "Bank Term Funding Program" which allows other banks to get quick cash in exchange for some kind of collateral. How the US government could let more US banks fail, I have no idea… But something tells me they won't let it happen again. At least, I hope not. But the silver lining in all of this is that the market seems to kinda like it. The Federal Reserve and US Treasury unleased a number of regulatory actions to limit the fallout from these collapses. And with that, investors are hoping the Fed might slow the increasing hike of interest rates. Here's to hoping, anyway. But no matter what happens, all we really care about is how the market reacts. And if the market wants to look at this through a bullish lens, I'm all for it. Both the NASDAQ and S&P 500 are up since this morning as of this writing. And when the market leans bullish, I know to expect some great signals to pop up on my scanners. I'll be keeping a close eye on the scanners this week so I can take advantage of any action I see. Til next time. Regards, Andrew Keene 
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