It’s the second day of the ceasefire, but there's mostly confusion, contradictory stories, and lots of slop feeding doomscrolling.

It has sparked a bid in crude oil, putting West Texas Intermediate (WTI) back in the shadow of $100.00.

In turn, this pressured the S&P 500 all morning; however, at the opening bell, I could see that this market wanted to go higher.

A slew of economic data stopped major indices from turning green before the start of trading. Still, buyers are now emerging on news that Israeli Prime Minister Netanyahu wants to start peace talks with Lebanon as soon as possible.

Defensive sectors lead the way, including Real Estate (XLRE).

I think strength in Utilities (XLU) and Industrials (XLI) is more about data centers than traditional foxholes.

Technology (XLK) is bringing up the rear, but this is the battlefield of creative destruction.

Crash Landing for Software

Semiconductor companies are performing well, while software (IGV) development is on the verge of violating a key support level dating back to 2024.

The IGV software ETF must hold here at key support, which goes back to 2024.

Meanwhile, the hot tech names are powering the NASDAQ Composite above the 50 and 200-day moving averages.

There is so much great news in the world of technology – AI non-believers are like cavemen waving at folks flying in their own personal rocket ships.

Momentum is acting great as well.

But the fact of the matter is, Wall Street mavens are mostly doubters today and have built up a monster short position.

Only their outsized egos and politics are stopping them from seeing a tsunami-like short squeeze around the corner.

Folks, it's time to wake up.

Wars End.

Markets Rebound.

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