The U.S. has launched strikes on Iran’s nuclear facilities. Tesla officially announced the launch of its Robotaxi service. Around 10 AM, services and manufacturing PMI data will be released. Index futures are mostly flat compared to Friday’s close. Treasury yields continue to decline.
Most stocks are down slightly, with only a few gainers. Quantum-related stocks are leading the losses, while stablecoin-related names remain strong. SPY is testing the $593–590 range on the downside, and the $596–600 zone on the upside. Over the past two weeks, the index has been trending lower. A quick recovery above the resistance zone is needed.
Most sectors are weak. Only a few, like storage devices, AI infrastructure, and tobacco, are still showing strength. Financials, which led earlier, are now lagging. Among tech leaders, MSFT and ORCL are relatively strong. Focus remains on top names in these strong sectors.
Stock Highlights:
• AAPL showed strength on Friday. It faces resistance at $202. If it moves above this level, the next target is the $205–210 zone. This is near the top of its recent triangle pattern.
• GOOGL was the weakest among major tech stocks Friday. It pulled back toward the $165–163 support area, which was a previous breakout point.
Bonds:
• TMF is rising again, testing the first target and resistance around $38. If it holds this level, the next target is in the $42–43 range.
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