Bitcoin rallied strongly yesterday to an eight month high (Yahoo Finance), and this move produced its first higher high (a new high above the prior bounce's peak) since the bear market began, suggesting the bear market lows may be in; today it's pulling back slightly after hitting resistance (a price area where selling pressure tends to build), with pullbacks into support now viewed as buying opportunities, though a major stock market selloff could still send Bitcoin back to test its earlier lows.

Natural gas has been stuck in a very tight range since early this year, with a break higher opening roughly 10 percent upside and a break lower opening similar downside.

Gold and silver are both trapped in a parallel channel (a range between two parallel trend lines), so the coming weeks may bring mostly back and forth chop.

Some quality dividend stocks that had been heavily beaten down, such as Nike and a household products company, are bouncing, on the view that lower oil prices leave consumers with a bit more spending money.

Meta jumped roughly 12 percent yesterday after its product event, without any earnings report.

AMD hit an all time high yesterday and briefly reached a 1 trillion dollar market cap during the session (Yahoo Finance), and it is now near an older major high where resistance could appear.

Oil is lower for a fifth straight day and has fallen below 100 dollars on hopes that US-Iran talks will resume and after Saudi Arabia said its East West pipeline could restore about half its capacity within days (Yahoo Finance, Stocktwits), with price now near short term support.

The US 10 year yield is lower for a second day, sitting below 5 percent after briefly crossing that level last week (Stocktwits), though if it keeps moving sideways it could start forming a bull flag (a brief consolidation after a sharp rally that often precedes the next leg up), so it needs close watching.

The dollar is still chopping within its resistance zone.

For the S&P 500, the near term driver is falling oil and yields, which is pushing the market higher.

This is a market observation only, so base your trading decisions on your own research and risk

tolerance.

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