6/23/25
The market was tossed around by war news, but finished at highs. About midday, Iran fired missiles at a US base, some dropped in the ocean, some were shot down. The market was shot down. When Trump thanked Iran for giving us a heads-up, the market realized it was just an effort by Iran to save face, and the market headed back up.
SPY, QQQ, Naz and many stocks had fallen to their 21dma and then started the rebound. This is a sign of strength. S&P finished back above 6000, another good sign.
Afterhours, Trump announced a ceasefire agreement had been made and the futures were up. The ceasefire didn’t quite work as expected and Trump dropped the F-bomb on live TV this morning and later announced Isreal would turn around the planes this morning and the futures are still up. this morning.
Stocks of Interest:
CRCL has been a crazy IPO and has risen 750% above the IPO price. Yesterday was a huge move, but it fell pretty far from the highs. Is it now exhausted? It should be. Will be interesting to watch.
- ZS just moved above a 3-weeks tight pattern after a big run.
- SHAK had a nice outside-upside day and is just below the pivot
- SFM had a nice bounce of 50dma.
- MSFT had an outside-upside day within the buy zone.
- CRDO holding above its flag breakout.
- ROAD had a nice upside reversal in the buy zone (with good volume)
- VIK reversed off 21dma to reenter the buy zone on +28% vol.
- CRWD and other cyber stocks.
- Lots of stuff to choose from yesterday.