Overview
The stock market is reaching historic highs, with significant momentum in both major indices and specific sectors like nuclear energy and AI-related stocks. Key trading levels, upcoming earnings, and notable trading opportunities were discussed, along with risk management advice for active traders.
Market Trends & Historical Context
- The S&P 500 (SPY) and NDX are in their longest uptrends since the dot-com bubble, with SPY hitting new all-time highs.
- Margin debt has surpassed $1 trillion, indicating increased risk-taking and bullish sentiment.
- Previous similar streaks in market history generally resulted in continued gains, though periods of volatility followed.
- Traders are advised to expect potential short-term choppiness if current streaks end, but the long-term outlook remains bullish.
Key Levels & Technical Analysis
- SPY levels to watch: support at $633–$633.60, resistance at $636, $638, and psychological target at $640.
- Oaklo (OKLO) key levels: resistance at $73–$77, with $80 as a possible next target on strong momentum.
- Tesla is testing the crucial $300 support; a break below could lead to $275 as the next support level.
- ARM: resistance at $162, support at $159.50.
- Robinhood (HOOD): key support at $100, with possible downside if broken.
- BMNR: support at $40, watch for upside if $45 recent high is broken.
Notable Stock & Sector Highlights
- Nuclear and energy stocks (OKLO, SMR, BE, NE, UU, UEC) are surging due to AI power demand and government support.
- Short squeezes and high short interest are contributing to volatility in some names.
- Tesla faces rough quarters ahead per CEO commentary, but long-term catalysts like robo-taxi developments offer optimism.
- CNC earnings report is expected to be a major catalyst; stock is near significant support.
- Oxy and similar energy stocks are on bullish watch due to positive chart patterns.
- ASHR (China ETF) saw a large bullish options trade, reflecting improved sentiment around Chinese equities.
Upcoming Events & Earnings
- CNC reports earnings before market open; significant volatility expected.
- Durable goods orders data releases one hour before tomorrow's open, potentially impacting market sentiment.
Trading Setups & Recommendations
- SMR: watch over $51.50 for upside momentum play.
- AMD: watch over $164 for upside.
- CRWV: downside play on break below $120.
- Risk management advised—trade setups should only be acted upon with confirmation of key level breaks.
- Do not chase parabolic moves; consider scaling out and using trailing stops for volatile stocks.
Action Items
- Tomorrow – All traders: Monitor SPY, OKLO, Tesla, ARM, HOOD, BMNR, SMR, AMD, CRWV for key level breaks and trade setups.
- Tomorrow pre-market – All traders: Watch CNC earnings and durable goods orders for market-moving potential.
Decisions
- Focus on disciplined trading: Only act on setups if key technical levels are confirmed.
- Monitor sector-specific opportunities: Nuclear, energy, and AI-linked stocks remain high-priority watch targets.