SMH's chart is arguing with itself again: SMH's coughing up two competing shapes right now, a possible head-and-shoulders top or a double bottom that resolves the exact opposite way. Same fight we've been watching on the 21-day ema, just no resolution yet either direction. Not picking a side here, letting price confirm before doing anything.
BTC stalls right where the levels said it might: BTC's pausing exactly where the ATH vwap meets the top of the support zone, a textbook spot for a breather. Underlying data's still supportive so this reads more like digestion than a breakdown, but that's a maybe until price confirms it holds.
Pelosi adds to BE and INTC, BE already ripping off it: Congressional disclosure showed Pelosi adding to both $BE and $INTC. BE, the smaller cap of the two, already ripped 11% off its intraday lows on the headline. INTC's the bigger name and ties back into the bullish upsized-raise thesis we flagged a couple weeks back, so call this another data point stacking on that, not a new thesis on its own.
Long bond yields ease off but still hot post-Bessent: Long-end yields backed off slightly but are still hovering near where they sat right before last week's Bessent intervention, so the relief move hasn't really stuck. If yields creep back up it leans against the gold-bullish, dollar-bearish read we've been running with, worth watching before leaning too hard into that trade.
Aggregated and distilled by Two Sentence Traders. Not financial advice.
