$QQQ and the Nasdaq are running into heavy overhead. I am tracking a rejection at the 21 EMA and previous breakdown levels; the odds favor the bears unless we can reclaim this resistance 1.
Keeping a close eye on support levels for the session. Today’s gap up in $SPY and $QQQ must hold the 10ema to maintain momentum. Meanwhile, $XLE is back at its 21ma daily, a level that has caught every pullback so far in 2026 2.
I am observing a potential shift in leadership. US stocks are beginning to signal significant relative outperformance compared to global markets 3.
$NYT (New York Times) is showing exceptional strength, printing fresh All-Time Highs. The stock has surged 3X during this bull market and 8X since 2016, backed by very strong quarterly candle closes 4.
I view the long-term holding of $NKE as a broken strategy. With the stock down 75% since 2021 and trading at 2015 prices, the structural decline highlights a failure in passive investment logic for this name 5.
The market was caught completely off-guard by a lack of de-escalation in the Iran conflict. While traders expected a ceasefire, the rhetoric of a 2-3 week extension and threats to Iranian power plants sent US Oil vertical past $104/barrel67.
We just witnessed a massive risk-off event: $550 billion in market cap was erased from the S&P 500 in a mere 25 minutes following the national address 8.
I expect high-velocity volatility to persist. The 10Y Note Yield is rapidly climbing back toward 4.40%+, signaling a sharp tightening of financial conditions 9.