LIVE: Market Open, OIL gets REKT, USA v IRAN, Bitcoin is 70k?!

"You really don't want to lose the 70 level back... if we lose it we want to reclaim it quick." Bitcoin is testing a major psychological and technical support level at $70,000. The asset's ability to absorb selling pressure here dictates the near-term trend; holding it signals underlying strength for a leg higher, while losing it without a rapid reclaim opens the door to a deeper technical correction. WATCH. Wait for confirmation of a strong hold above $70k or a quick reclaim before adding exposure to avoid getting chopped out. Whipsaw price action around the $70k level could trigger stop-losses in both directions before a clear directional trend emerges.

"IGV Software kind of getting crushed today... Adobe's down 3.5 right now. Apple down one. Full retrace. Salesforce getting crushed." High-multiple software stocks are showing significant relative weakness and heavy selling pressure at the market open, despite broader market indices remaining relatively flat. This indicates a deliberate sector rotation by institutions away from enterprise software amid rising geopolitical and macroeconomic uncertainty. AVOID. The price action is highly negative, suggesting further downside momentum and a lack of near-term buyers for enterprise software names. A sudden macro risk-on rally or complacency bounce could cause heavily shorted or sold-off tech names to squeeze higher unexpectedly.

"My only two positions right now that aren't Bitcoin is an oil long... and Palantir, which has done very well from like 140." In a macro environment dominated by escalating global conflicts, supply chain destruction, and the need for advanced military logistics, data analytics platforms like Palantir become increasingly critical to government and defense operations, ensuring sticky revenue and growth. LONG. The ongoing geopolitical tailwinds for defense tech provide a strong fundamental backdrop for Palantir's continued outperformance. Short-term technical pullbacks or broad market sell-offs in high-valuation tech could drag the stock down temporarily despite strong fundamentals.

"Exxon Company has evacuated non-essential employees from Middle East operations... UAE's largest oil refinery has shut down after a drone attack." When major corporations like Exxon evacuate personnel and shipping giants like Maersk suspend bookings, it confirms that physical supply chain destruction is actively occurring. This disruption to critical oil infrastructure and transport routes (Strait of Hormuz) will squeeze global oil supply, driving up crude prices and benefiting major oil producers operating outside the immediate blast radius. LONG. The physical energy market is tightening due to war, making oil and major energy equities a direct hedge against geopolitical escalation. Sudden de-escalation, political intervention, or ceasefire agreements could cause a rapid unwinding of the geopolitical risk premium currently pricing into oil.

"Meta has acquired Mulle, a viral social network sign for AI agents... Matt PRD is gonna be working under Alexander Wang at Meta." Meta is aggressively acquiring niche AI startups and top-tier talent to build out its AI agent infrastructure. This continuous investment strengthens Meta's moat in consumer AI applications and social network integration, driving long-term platform value and user engagement. LONG. Meta's strategic acquisitions in the AI space solidify its leadership and future monetization potential against competitors. Regulatory scrutiny over AI acquisitions or failure to integrate the newly acquired technology effectively into the core platform.