Situation Awareness: Bullish. This morning, futures point toward fresh record highs for the S&P 500 and Nasdaq, buoyed by easing geopolitical tensions and renewed momentum in AI-related stocks. Mega-caps continue to lead the charge. Trade mode: Aggressive breakout. Easing geopolitical tensions between the U.S. and Iran, coupled with positive sentiment around AI partnerships, are driving the market, with weekly jobless claims data due later this morning. Regime context — 64.37% of stocks trade above their 40-day SMA, and the 4% Bull/Bear gauge shows 0 bulls vs. 0 bears. The 5-day trend shows (data unavailable).
SIP: CDNA GEVO QDEL BNAI
- What’s working: Delayed 9M with 105 signals.
- Leading sectors: Financials (ATR: 1.7), Technology (ATR: 2.66), Communication Services (ATR: 0.71). Data shows Consumer Staples (ATR: -1.93) and Energy (ATR: -0.54) are lagging.
- Key event: Weekly initial jobless claims report this morning.
- Market read: Yesterday’s tape saw mega-cap and tech strength push the S&P 500 to new closing highs, a trend likely to continue.
- DEP watchlist: AUR, BTDR, CLSK
- SIPS: AMAT, CURV, CVLT