The market stayed upbeat after news of a possible peace deal between the United States and Iran. The major indexes closed higher, and the Dow even set a fresh record. Oil prices fell a bit and Treasury yields slipped.
Semiconductor ETF Holds Strong
The ETF stayed firm even after NVIDIA’s stock fell. For the rally to keep going, the Relative Strength Index should stay above 70 and the Percentage Price Oscillator needs to rise.
Oil Prices Walk a Narrow Path
Oil is trading inside a shrinking band. If the U.S. and Iran reach a deal, prices could slip below the 50‑day average. Watch what happens under that line – it may set the next direction for stocks.
Quantum Computing Gets a Boost
The government will give $2 billion to nine quantum‑computing firms. Shares of IBM, D‑Wave, Rigetti, and others jumped. The ETF’s RSI and PPO are climbing, suggesting more upside could be ahead.
IPO Excitement Returns
SpaceX filed a prospectus that could make it the largest IPO ever. Cerebras recently started trading at $350 and has seen huge daily volume. Upcoming listings from Anthropic and OpenAI could add more energy to the market.
Walmart Shares Slip
Walmart reported lower‑than‑expected guidance, sending the stock down 7 %. The RSI shows weak momentum. If the price tests its March low and bounces, traders may reconsider a long position.
Bottom Line
AI‑related stocks are still pushing the market to new highs, but oil prices remain the main uncertainty. A drop in oil could lower yields and give stocks another lift. Keep an eye on semis, quantum funds, upcoming IPOs, and retail earnings for the next move.
Disclaimer: This content is for educational purposes only and does not constitute financial advice.
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