Economy | Geopolitical
Iran noise reversed course overnight on apparent MOU progress.
Oil (WTI) — Oil holding near lows —> good signal
Calendar
Inflation report Thursday — on watch for potential
Notables
QQQ
Held near trend line —> Semis continued strength masking corrections in AMZN GOOGL
First support ~735 | Kijun ~718-722
Daily chart:
SMH
INTC leads more gains
Micro support ~662 | 645 | 2H Kijun ~630
2H chart:
BTC
Early strength to top of Washout Zone, fades —> no panic signal despite MSTR STRC weakness
—> final washout low to ~57K is preferred entry zone
Execution Plan —> evaluate hedged BITX entry
Daily chart:
TSLA
Another test of | rejection at Kijun resistance as Q2 production approaches
Daily chart:
Active Position
NKE
Earnings watch — June 30
Premium retail down today
Next resistance ~47 | upper B band —> renewed hedge at ~47+ with earnings end of June
Daily chart:
Execution Plan — hold July 45C core | evaluate hedge renewal
LULU
Stock continues to be volatile
Execution Plan —> holding common
Watch list | Notables
TSLA
BITX straddle trade
System Insight
Difficult spot in market back towards highs. Patient ahead of next inflation report Thursday.