Trade Setup

U.S. stocks are pushing higher this morning as tech and semiconductor indices launch a firm relief bounce to recoup some of last week's sharp losses. Despite intense macro headwinds stemming from Friday’s blowout jobs report and surging oil prices over the weekend, buyers are stepping back into large-cap growth equities.

📈 Major Index Snapshot

• Nasdaq Composite / QQQ: Up 1.79%, pacing the morning's gains as mega-cap tech shares aggressively rebound from a multi-billion dollar sell-off.
• S&P 500: Up 0.60% at 7,428, finding support after digesting last week’s macro-tightening interest rate scare.
• Dow Jones Industrial Average: Underperforming its growth counterparts but remaining stable as the massive rotation into tech growth sub-sectors limits defensive industrial momentum.

🚨 Key Market Drivers & Macro Setup

• Tech Recovery: Market leaders Nvidia (NVDA) (+0.97%) and Apple (AAPL) (+1.01%) are helping stabilize market breadth following deep post-earnings corrections late last week.
• Geopolitical Commodities Boost: Renewed missile exchanges in the Middle East over the weekend sent crude oil jumping over 3%, boosting domestic energy sector tracking.
• Rate Path Headwinds: Investors continue to balance the morning rally against a sticky 65% probability of a December Fed rate hike, following Friday's massive 172,000 nonfarm payroll surge.

💼 Watchlist Check: ASST & SATA

• Asset Entities Inc. (ASST): Attempting to trace the broader small-cap growth market floor after sliding over 9% during Friday's cross-market liquidations.
• Strive, Inc. (SATA): Trading firmly ahead of its upcoming historical transition to daily consecutive ex-dividend schedules starting Monday, June 15.

Asset Entities Inc. (ASST) is mounting a strong intraday rebound today, up 9.84% to trade at $15.29. The stock has fully erased its steep losses from Friday's cross-market sell-off, surging from an opening price of $14.94 to touch an intraday high of $15.32.

📊 ASST Technical Indicator Profile

The stock's sharp morning spike has rapidly shifted its short-term momentum indicators into bullish territory:

• Short-Term Moving Averages: The sharp pop back above $14.50 clears an immediate overhead cluster of short-term exponential moving averages (EMAs), turning old intraday resistance into a temporary support shelf.
• Relative Strength Index (RSI-14): Tracking heavily upward into the 62–65 range on the 5-minute and 15-minute intervals, indicating strong near-term buying momentum without crossing deep into overbought territory (above 70).
• MACD (Moving Average Convergence Divergence): Logged a bullish centerline crossover on the morning charts, fueled by an influx of early volume pushing past 1.4 million shares.

📉 Key Support & Resistance Levels to Watch

• Immediate Resistance: $15.35 – $15.50. The stock is currently consolidating just under its morning high of $15.32. A clean break above $15.50 exposes the next major technical psychological target near $16.00.
• Key Downside Support: $14.73 – $14.50. Today's intraday low sits at $14.73. If macro indices weaken later today, bulls must defend the $14.50 mark to keep the morning's breakout structure intact.