A Fair Warning

The semiconductor sector remains under pressure... and it's a very dangerous week ahead with so much emphasis on trade and government refinancing.

Action to take: Early semiconductor strength proves fleeting as Nvidia gives up pre-market gains following a Morgan Stanley downgrade. With Nassib Taleb warning yesterday's drop was "just a taste,” watch chip stocks as they attempt to stabilize this morning.

We are watching the Direxion’s Daily Semiconductor 3x Bull ETF (SOXL) as a guide. It provides our clearest signal on sentiment - a break below $25 signals more pain, while $26.83 is our level for a potential short-term rally. Stay nimble.

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Market outlook:

• Futures Mostly Flat: S&P +12bps, Nasdaq +12bps, Russell -4bps

• Trump Treasury pick Bessent confirmed 68-29; pledges focus on tax cuts, dollar dominance

• US metals market rattled by Trump's tariff plans, with copper sliding as traders brace for trade war impact

• Saylor's MicroStrategy (MSTR) expands BTC stake to 461,000 coins

• DeepSeek limits new users after "malicious attacks" cause registrations to be halted following the rise to #1 on…