Oil is showing a strong rebound today and is currently up more than 3%. This is another clear example of how market sentiment can quickly shift from one extreme to another.
Extreme fear can push price above fair value, creating potential short opportunities. Conversely, extreme complacency or relief can drive price below fair value, creating potential long opportunities.
The key levels are $78 support and $84 resistance. However, neither level currently offers an attractive setup. Oil is highly sensitive to news and can experience sharp moves in either direction, so price would need to become significantly more extended before the risk-to-reward becomes favorable.
The Nasdaq has now fallen 10% from its all-time high, officially entering correction territory. Much of the decline has been driven by weakness in technology stocks, with concerns ranging from a potential AI bubble to growing Chinese competition in AI models and semiconductors.
Whatever the cause, the Nasdaq is now in a confirmed downtrend. However, markets do not move in a straight line, and no trend lasts forever.
Many technology and semiconductor stocks are approaching attractive buying levels. If they rebound as expected, the Nasdaq could stage at least a short-term recovery. A retracement toward the blue resistance line near 28,470 would be a typical technical move. The outlook will be reassessed if price reaches that area.
The S&P 500 remains considerably stronger and is currently trading near the midpoint between the two key blue horizontal levels.#nasdaq #S&P500
⚖️ Bollinger Bands creator predicts Bitcoin bear-market end
John Bollinger suggested that Bitcoin price strength could "break" the entire downtrend if the reversal pattern is completed, in light of the BTC rebound.
Revolut is removing support for #USDT to comply with EU MiCA regulations, halting purchases on July 6, deposits on July 30, and final withdrawals by August 31. Remaining balances after August 31 will be automatically converted to fiat.
Donald Trumps latest financial disclosures and 10 most interesting trades from the May activity
‼️IMPORTANT: We track Donald Trump’s public trades so you don’t have to do it yourself. Follow us with notifications so you don’t miss anything. Tempus AI. Bought in the $15k to $50k range.A smaller health tech position. Fits the pattern of adding exposure to companies mixing AI and real-world medical data.Avantor. Another buy in the same mid-five-figure range.Life sciences and industrial supplies. Nobody talks about these names but the accounts have been quietly accumulating them across recent reports.Ryan Specialty. Similar size purchase.Specialty insurance. A steady, lower-volatility add sitting in the middle of all the tech and healthcare moves.Toast. Sold in the $15k to $50k range.Looks like profit taking on consumer-facing tech names that had been built up before.Revolution Medicines. Sold in the $50k to $100k range.One of the larger single-ticker exits in the filing. A biotech position getting reduced.IBM. The interesting one.A bigger sale in the $500k to $1M range. Buying AND selling in the same name on the same day.Someone is actively trading this account.CrowdStrike. Added in a larger $100k to $250k purchase.Cybersecurity keeps showing up in the bigger moves. One of the most substantial recent additions.Baxter International. Bought in the $1k to $15k range.A steady healthcare equipment name. Part of the quiet background accumulation happening alongside the flashier trades.Protagonist Therapeutics. Sold in the $15k to $50k range.Another smaller biotech exit. The speculative healthcare holdings keep getting trimmed.Neogenomics. Sold in the $15k to $50k range.Another healthcare name being reduced. The lightening up in that sector is consistent. The biggest takeaway is the volume. These accounts are moving more than we have seen from any president in history. Outside managers or not, the activity is constant. We will keep tracking every filing.