$USO’s Daily RSI hits its second highest reading in 20 years. In March 2022, the only higher reading preceded a 20% oil drop, followed by several months of gains. 2
$VIX has touched 23.53 or higher for the first four trading days, a pattern not seen since November 2022, which coincided with $QQQ’s market bottom. 8
$QQQ erased yesterday’s gains, indicative of current range-bound market action. 12
Software stocks, represented by $IGV, are rallying after being oversold two weeks ago (RSI from under 25 to above 50). Historically, 80% of similar bounces result in a pullback within 3-5 days. 24
The Dow Jones Industrial Average plummeted nearly -1,100 points, coinciding with US oil prices surging above $80/barrel. 29
Korean stocks $EWY exhibit meme-like trading behavior. 1
For $MSFT, no significant near-term movement is expected. Price must hold above the MOAT line; if broader markets and software stabilize, a retest of the $430 50dma is possible. 3
$AVGO shows resilience today, avoiding the fade in gains seen with $NVDA two weeks prior. 5
$CRM shows bullish momentum; $205 is the next target for the overhead gap entry. 6
Korean ETFs are experiencing significant pullbacks, with $EWY down -18% and $KORU plummeting -50%. 9
$DUOL saw insider buying, a positive signal, albeit minor. 19
$IGV hit $88.34 highs today, indicating a strong bounce. 20
Year-to-date performance shows $AVGO and $NVDA both down -5%, $AMD down -13%, while $INTC is up +15%. 22
$CEIN is experiencing a significant crash, down -18% today. 27
Anduril projects to double its revenue to approximately $4.3B this year, having recently secured $4B in funding at a $60B valuation. Its Lattice OS serves as a unified autonomy platform for modern warfare systems, including drones, submarines, and surveillance. 30
The Trump Administration plans to globally restrict AI chip shipments, requiring US approval for nearly all exports. This impacts companies like Nvidia and AMD. 11
US is drafting rules requiring government approval for global AI chip shipments from companies like $NVDA and $AMD. This policy shifts from fostering a dominant semiconductor ecosystem to imposing export restrictions. 14
The US Pentagon has designated Anthropic a “supply chain risk,” a rare action against a US tech company. 23
The US is drafting new regulations to require government approval for global exports of AI acceleration chips from companies like NVIDIA and AMD, expanding current restrictions from 40 countries. This aims to control global AI infrastructure and assert US AI dominance, particularly limiting other nations’ (e.g., China) AI development capabilities. 28
Investors often underestimate the psychological toll of prolonged bear markets; two weeks is manageable, but 3+ months can trigger a risky “prove it” mentality. 4
Exited a position in $W for profit; remaining trade shares have protective stops. 10
Closed out a 2-day trade on $W for a profit after a stop hit. 15
Maintain nimbleness in trading, whether long or short. 16
Crude oil shipping costs from the US to Asia are soaring, now over $29 million for a 2 million barrel supertanker, a record high. Rates doubled in just two weeks, signaling broader shipping inflation. 7
US oil prices surged past $80/barrel for the first time in 13 months, marking a +45% increase since December. Gas prices are projected to exceed $3.30/gallon. 25