SPY sees a potential target of 675 by Tuesday, with an “extra flush” on VixEx and OpEx possibly testing 6600 before finding a floor for the next leg. 1
Bond market stress is surfacing: investment-grade bonds broke 3-year support, and junk bonds are trading below their 200-day moving average. 2
The NYSE McClellan Oscillator hit -100, its lowest since Dec 2024, signaling an “oversold” market, with the “rubber band” stretched. $SPY$SPX could see a snapback. 3
US actions targeting Iran’s Kharg Island constitute a “MAJOR escalation” for oil markets. This island, the “crown jewel” of Iran’s oil industry, manages 90% of Iran’s crude exports and accounts for ~2% of global oil supply, with production reaching 3 million barrels last month. 4, 5, 6
US Commerce Department withdrew plans for global AI chip export controls, removing a “regulatory overhang” for $NVDA and $AMD. 7
Critical investigation into AWS reveals a lag in next-gen optical modules; “not a single 800G optical module shipped” and 1.6T modules are a “pipe dream,” implying a disconnect between claims and execution. 8
$SNDK is looking “very strong” with speculation of an ICMS rack unveiling at GTC, hinting at significant product development. 9