Capitalize on the ongoing momentum in Crude Oil (OIL) by looking for long entry opportunities on pullbacks as long as the price holds above $80 per barrel. Short-term traders should target a downside price of $652 for Nasdaq (QQQ) following its confirmed breakdown below the $700 level. Focus your equity investments on market leaders like Apple (AAPL) and Google (GOOGL) while avoiding weaker names like Tesla (TSLA) and Microsoft (MSFT). Exercise patience with SpaceX shares, waiting for a stabilization phase and a potential drop into the $80 to $90 zone before buying. Utilize a dollar-cost averaging strategy for Bitcoin (BTC) to accumulate safely while monitoring the critical $60,000 psychological support level.

Crude Oil (OIL)

• Oil is trading back at almost $100 per barrel, representing a strong bounce from previous support levels.
• The speaker noted an initial entry into the oil trade at $68 before a major breakout occurred.
• While many late buyers were "rinsed" entering around $95, the trend remains powerful as long as prices hold above $80.
• It is viewed as a non-crowded trade because very few people were willing to bet on it after the initial massive drop.

Takeaways

• Look for potential pullbacks while price holds above $80 to consider long exposure.
• Be cautious of chasing late entries if prices spike too quickly, given the history of traders getting rinsed at higher averages.

Dow Jones Industrial Average

• The Dow Jones is testing a key support-to-resistance (SR) flip zone at $51,500.
• The first initial test on the hourly chart drove the price up, but resistance has since formed, bringing the index into a critical yellow support box.

Takeaways

• Watch to see if the $51,500 level successfully holds as support; losing this level is considered bearish and signals further downside.
• Take profits along the way if managing existing long positions.

S&P 500 (SPX) & Nasdaq (QQQ)

• The S&P 500 has dropped through key levels and lost its trend line after failing at a potential rejection zone.
• The Nasdaq (QQQ) is confirming a diamond pattern reversal, with hourly candles closing below the pink box ($700).
• Immediate support levels for QQQ are located at $674, with a downside target (TP) for short trades set at $652.

Takeaways

• A confirmed close below $700 on QQQ serves as a signal for further pullbacks on the Nasdaq.
• Short-term traders have targeted $652 as a potential bounce zone for support.

Gold & Silver

• Gold remains in a downtrend with a strong rejection candle near minor support at $3.9 (chart specific).
• If gold drops and flips this level into resistance, a deeper drop down to $3,300 is anticipated.
• Silver looks somewhat less severe than gold, with key support and a potential bottoming formation monitored in the $48 to $55 region.

Takeaways

• Exercise caution with metals, as a breakdown in gold suggests cash (US dollar) will be the preferred safety asset.
• For silver, look for sideways price action and rounding out in the $48–$55 range to indicate a potential slowdown or bottoming phase.

Magnificent Seven Stocks (MAG7)

• Apple (AAPL): Remains one of the strongest stocks, reclaiming the top spot as the world's most valuable company. Major support is expected between $295 and $305 if a pullback occurs.
• NVIDIA (NVDA): Categorized as strong alongside Apple and Google.
• Google (GOOGL): Showing potential strength, currently testing the golden pocket and 200 EMA in overnight trading.
• Amazon (AMZN): Neutral stance. Needs to recapture $240 to move higher; otherwise, it risks breaking a long-term trend line down to the $190 region.
• Meta (META): Exhibiting strong price compression with higher lows and lower highs, pointing toward a large move later in the year.
• Tesla (TSLA): Weakest among the group. Failed to hold range highs, broke down past key support ($395), and faces potential movement toward the $260 or $200 regions.
• Microsoft (MSFT): Categorized as weak, displaying a potential head-and-shoulders pattern that could spell trouble if the neckline breaks.

Takeaways

• Focus allocation strength on the stronger names in the basket (Apple, Google, NVIDIA) while exercising extreme caution or avoiding the weaker names (Tesla, Microsoft).
• Wait for clear price confirmation (such as Amazon reclaiming $240) before initiating new long positions.

SpaceX

• SpaceX shares are down 50% from their highs, experiencing a rapid downtrend driven by early-round and VC investors receiving unlocked shares.
• While the speaker plans to allocate into SpaceX eventually, they advise patience as the price could drop toward the $80 to $90 zone.

Takeaways

• Do not rush to buy the dip simply because large institutional holders (like Alphabet/Google) hold large dollar-value positions acquired at much lower historical valuations ($12 billion valuation).
• Wait for a bottoming formation and a clear trading range to develop—similar to historical crypto or IPO chart patterns—before entering.

Bitcoin (BTC) & Cryptocurrency Market

• Bitcoin is currently testing a downsloping trend line, sitting below the 21 EMA and the 50 mark on the RSI, giving a slight edge to the bears.
• A weekend pump into the pink box risks becoming a bull trap.
• Key psychological support around the $60,000 region is critical; holding above this level during a broader traditional market sell-off would be viewed as exceptionally bullish.
• BitMEX Token: The BitMEX exchange has officially shut down operations, sending its associated token value to zero.

Takeaways

• Employ a dollar-cost averaging (DCA) strategy for long-term accumulation to mitigate psychological stress, especially since price-wise, the market could still experience a significant drop (20% to 50% lower in extreme scenarios).
• Watch for a capitulation candle or confirmed price structure breaks above key resistance before entering with full cycle conviction.

Solana (SOL)

• Solana is approaching a critical support level around $75.

Takeaways

• Monitor lower timeframes (such as hourly charts) to see if price can successfully flip $75 into support.
• Use the previous week's low as an invalidation stop-loss level for potential long trades.

Micron Technology (MU)

• Micron has broken above its green resistance line on the daily chart.

Takeaways

• Look for pullbacks into the 0.382 to 50% Fibonacci retracement levels following the breakout to establish long positions, keeping stop-losses below the recent swing low.