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Buying On Hopium Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE: SOXL ). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite. The chart shows SOXL bounced above the top band of zone 3 (support) on Friday due to triple witching buying.
Former Secretary of State Mike Pompeo is urging the U.S. to stop Beijing’s imports of Iranian crude before Xi Jinping visits Washington on Sept. 24.
Oil falls to a one-week low after Washington unveils its most sweeping sanctions campaign against Iran on record, while traders price lower odds of renewed conflict.
Paul Krugman says new U.S. sanctions on Iran are a “self-inflicted quagmire” that could backfire and strengthen Beijing’s strategic position.
Brent crude oil prices topped $100 per barrel on Thursday morning, extending gains for a fifth consecutive session as escalating tensions in the Middle East fueled fears of supply disruptions. The move has already triggered noticeable reactions across financial markets, from energy stocks to Treasury yields and foreign
SPY USO U.S. military: at 3 P.M. et, U.S. forces launched operations for a second Wave of strikes today against Iran U.S. military: strikes are targeting iranian military capabilities used to threaten vessels freely transiting through the strait of Hormuz
Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked. The Roc