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$102 Oil Shock & PCE Alert: ADBE, OXY, and the 5,925 Pivot
Season 3
Episode 28
Published 3 months, 3 weeks ago
Description
Here is the trade setup for the Friday open. Markets are bracing for the Core PCE print as Brent Crude spikes past $102 following the Strait of Hormuz blockade. Is the soft landing dead? 📉 ADBE: Down 4% on soft monetization outlook. 🚀 MOS & CF: Surging on fertilizer supply fears. 🔔 ORCL: Testing blue-sky territory after Q3 beat. 🔥 OXY: The primary 'War Proxy' as oil climbs. ⚠️ S&P 500 (/ES) LEVELS: 5,925 (Line in the sand), 5,955 (Resistance), 5,880 (Support). ⚠️ NASDAQ (/NQ) LEVELS: 21,450 (Pivot), 21,680 (Ceiling), 21,200 (Floor). Watch the 10-Year yield at 4.30%—if it breaks, the tech narrative collapses.