We’re watching crude oil carve out a base, and it’s not subtle. After testing key levels around $68 multiple times and bouncing with conviction, the setup is finally turning bullish for real. To be clear, I’m not seeing explosive upside yet, but the technicals suggest a slow and steady climb, with a move toward $78 looking more and more likely. One of the loudest tells here are energy stocks, picking up ahead of crude itself. The margins for producers remain solid even at these lower prices, and many names in the space offer attractive dividends – some over 4%. If crude grinds higher, the upside in names like ExxonMobil (XOM), Chevron (CVX), and Halliburton (HAL) could be 10% to 20% in the next month or two. In this video I’m going to plead the technical cases, show you the channels in black and white, and clue you in on the

This market is a basketcase just after the close today. We’ve got earnings flying in from every direction: Alphabet (GOOGL) just hit, Tesla (TSLA) will have hit by the time you get this, and the S&Ps are whipping around like a kite in a hurricane. While this is happening, retail is fixated on the usual suspects – big tech, big headlines – but I’m here to tell you: the real story is under the surface. Tech is wobbling right now, which means the Nasdaq’s losing steam. And guess who’s stepping up? Financials. Utilities. The Dow… yeah, the Dow! But this isn’t just an earnings-season tempest in a teacup. If you know what you’re looking at – and I’ll show you in a second – you see this is an actual shift. A big one. So, let the herd chase a TSLA pop or try and out-guess Google. We’re going to

The session started off yesterday with a bang; we booked huge gains in Arqit Quantum (ARQQ) and respectable profits on Riot Platforms (RIOT). But it’s how the rally took shape that tells me it’s time for action. We got a blowoff in many momentum names, which is warning us that the upside in stocks is running on fumes. Today we’re seeing serious rotation out of tech and into other market sectors – more on that in a moment. In the near-term, it’s all about earnings in the US, and the bulls are going to have to grapple with Tesla’s (TSLA) and Alphabet’s (GOOGL) reports tomorrow. These reports could well keep the indexes afloat for the near-term, but don’t be surprised if stocks embark on a summer snooze in the next few weeks. Even in this environment, there are plenty of opportunities to look at – precious metals, biotech, and even

It’s easy to get swept up in the excitement when a stock like Opendoor (OPEN) surges 90% in a single day… only to give much of it back just as quickly. That kind of move fuels euphoria, making it tempting to believe, “This time is different.” But is it truly an original moment, or just a replay of 2020? Remember the GameStop (GME) saga? The idea was that GME would “stick it to the man” and keep climbing forever. Many of those chasing the squeeze were new investors—armed with stimulus checks and ready to let it ride. It was less about fundamentals and more about momentum and hope. This kind of “original thinking” can be dangerous. When people start crafting narratives to justify a company being worth four times what it was just a week earlier, it’s often just speculation dressed up as conviction. More often than not, the reality

If you’re watching the S&P 500, you’d better understand this: not all of its ETFs are created equal. We always talk SPY. That’s the cap-weighted beast driven by the same seven mega-monsters: Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), etc. If one of them moves just a little, it can have a bigger impact on the S&P 500 and SPY. There’s another player here, though. Enter RSP. Same S&P 500, but equal-weighted. Apple and American Airlines (AAL), the smallest market-cap on the S&P, can have the same impact. Normally, SPY and RSP move in sync. Not today. Right now? We’re seeing a critical correlation break. RSP is lagging SPY. That’s “shots fired.” That’s a warning that volatility is probably going to spike. Historically, this kind of divergence hits right before the market shakes the tree. Hard. So if you’re sitting comfy in long positions, thinking this summer lull is gonna last…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The AI conversation certainly isn’t new, but the market’s response to it is evolving. We’ve seen months of momentum behind the names that dominate the narrative: Nvidia (NVDA), Microsoft (MSFT), Palantir (PLTR), and the like. But now it’s not just about who builds the biggest model, it’s about who supports the infrastructure, who quietly enables the AI ecosystem to scale. Today, we’re zooming back in on that theme with a technical lens: channels, support levels, and setups that give us defined entries and risk. We’re not blindly chasing highs here. XLK has been climbing, sure, but that doesn’t mean every name inside it is overbought. Some are consolidating, some are testing lows, and a few are giving us ideal bounce zones. We’ll also look at Amazon’s (AMZN) mid-channel hold, Microsoft’s breakout, and IBM’s (IBM) longer-term setup. The goal here is

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] We’re looking at a market that’s decided risk just doesn’t exist. None. Zip. Nada. The VIX is parked while the S&P’s swinging 70 points intraday like it’s nothing. That’s a market in denial. It’s comatose. Volatility, or rather the weird lack of it, tells me we’re brushing up against peak complacency. Retail’s still buying every dip like it’s going out of style, the algos are buying tech, and nobody’s bothering to hedge. Why would they? Everything only goes up, right? But here’s the thing: volatility doesn’t die—it just naps. And when it wakes up from a long nap like this, it doesn’t stretch. It blows up. It’s all being held up by three names. Count ’em: Nvidia, Apple, Amazon. One twitch in any of those and the beast is going to wake up angry. Tonight let’s look at what the

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Earlier this week, I pointed out some cracks beginning to appear in the price action, and I’m on the record as saying we’re likely in the later stages of the current rally. But I also said I wasn’t ready to pull the ripcord on all my long positions, like Nvidia (NVDA) and Advanced Micro Devices (AMD). This strength is why we’re kicking off the “AI Summit” this week, and why I shared my top three AI picks. And to cap it off, I’m seeing a phenomenon unfold in real time on the tape. If I didn’t know better, I’d say the bulls are trying to repair this thing, attempting to “flip” the script. Tech and semiconductors, in particular, are leading – rallying, to be clear – and it’s highly unlikely markets will roll over while that’s true. So today, we’re

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Earnings season kicks off tomorrow with the big guns, like JPMorgan (JPM) and Wells Fargo (WFC), and this one could set the tone for the rest of the year. Expectations are lower than they have been, but with valuations stretched (CAPE P/E is near COVID-era highs) even small surprises could trigger outsized moves. So the board is laid out… I’ll be looking for metrics like trading revenue, net interest income, margins, and credit loss reserves. These should give us some clues about the state of the legendary American consumer, lending demand, and credit health. Tech and financials have carried S&P 500 earnings recently, but it’s fair – or polite – to say Magnificent Seven expectations have “cooled.” I think this could shift the burden, and when you look at performance through the lens of new tariffs, we might finally get

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] It’s Lucy-and-the-football all over again, and traders are flat on their backs wondering what the hell just happened. Trump happened, that’s what. He just put the markets on notice – the “Trump Always Chickens Out” tariff reversal “TACO trade” is finished. You might not know if from the action on the surface; there’s still some manic movement out there, but it’s really just a doomed game of musical chairs with fewer and fewer seats to grab. Because TACO or no, the market’s internals are absolutely brutal right now. The advance/decline line looks like trash and correlations are breaking down. And the cherry on top of this #!%& sundae is the bond market, throwing its weight around just enough to screw up everyone’s risk models. With all that teed up, we’ve got earnings coming up, too. They’d better be stellar because