Gareth Soloway (Verified Investing)
If ASTS breaks above $130, one should look to short it today for a 2-3% pullback as a day trade.
The S&P 500 is in a bullish market, at least temporarily.
As long as the S&P 500 stays above $748.17, bullish sentiment will be maintained.
The 10-year yield's next resistance level is the 886 Fibonacci retracement, just below 4.7%.
The $130 level will be a major rejection area for ASTS if it reaches that level.
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If the S&P 500 breaks below $748.17, it could further drop to the $723.70 level.
If SOXX pierces $600 today, that is a shortable level for a day trade.
If SOXX takes out the lows of the day at $515.08, the sell-off will continue.
USO offers a good opportunity for a swing short at the resistance level of $151.26.
The US 10-year yield has the potential to continue higher as it is sitting on a lot of support.
If USO closes below $138.61, it will fall to $124.11, which will be the next support level.
The rip roaring rally in the markets is going to be tested in the coming days.
Bloom Energy (BE) is a shortable level for a day trade or swing trade at a $320 pierce.
USO offers a good opportunity for a day trade short at $153.02 if it pushes to the upside.
An increased pop in the 10-year yield usually puts a lot of pressure on the stock market.
If the S&P 500 breaks below $748.17, it has an opportunity to retest the $731.34 level.
If USO (US Oil Fund) continues to fade, the stock market is going to continue a little bit higher.
$731.53 remains a solid support level for the S&P 500 (SPY) for a scalp trade.
QQQ is a good swing trade short at $719.85, with a stop out above $722.
If the second level of the up-sloping trendline on QQQ gets broken, we could see a further sell-off.
QQQ should start rolling over due to signs of weakness, even with the US 10-year yield falling.
If the S&P 500 gets a nice bid to the upside today, $748.17 will act as a rejection level.
The 10-year yield will likely see a pullback after piercing approximately 4.7%.
The 10-year yield will find solid support and bounce at 4.482%.
If the US 10-year yield breaks back above 4.486%, it opens the door to rise to 4.556%.
The markets will experience a relief rally or short covering in the near term.
A continued rise in the US 10-year yield could put more pressure on the US stock market.
If Intel pushes up and clears $124.22, my shortable level for today is $129.44.
If the S&P 500 (SPY) bounces more today, it would be a good short scalp opportunity at $738.61.
A drop in the 10-year yield to 4.25% would be extremely positive for the stock market and US prices.
The S&P 500 is currently favored for a pullback due to its overextension.
The next upside target for the US 10-year yield is 4.688% once it breaks above 4.579%.
There will be a point in which the 'buy the dip' strategy no longer works.
After the SpaceX IPO, markets could experience another downturn.
A warning pattern on the S&P and NASDAQ suggests a big fall could occur after the SpaceX IPO.
A deal with Iran will probably occur, but it will have a minimal market impact.
Breaching $7353 to the downside on the S&P 500 would lead to further selling pressure.
If the S&P 500 breaks current levels, the first area of support will be at $726.13.
The AI trade is currently the primary driver for the direction of the S&P and Nasdaq.
A couple of rate hikes are likely to be experienced moving through into 2027.
If the 10-year yield breaks back above 4.556%, its next level of resistance is going to be 4.628%.
If the 10-year yield continues to push, the SPX will still maintain a lot of pressure.
If the 10-year yield hits 4.556% today, stock prices could continue higher.
The unwinding of the AI trade is likely just the beginning of a larger correction.
Anything above 4.5% on the 10-year yield is a warning shot to the markets and risk assets.
The S&P will test its overnight or pre-market lows from yesterday today.
If the S&P 500 closes below $754.94 tomorrow, it will disrupt the current upward trend.
Broadcom will offer a swing trade opportunity for a multi-day or multi-week bounce.
Broadcom will present day trading opportunities to go long following its significant drop.
If USO shoots up to $140.92, it is going to be a pretty major resistance level.