InvestmentGuru

$CRM — two timeframes, two stories.

The 5-day is washed out: RSI crashed to 33, volume spiked into the $221.50 low. That's selling-climax territory. Short-term, the flush looks done.

The monthly tells the bigger story: steady downtrend from the $260s, but price is holding above the rising 50-day at $212.46. The $221-222 zone held as support.

The trade: $224.50 needs to reclaim $226-227 the breakdown zone to confirm the bounce. Below $221.50, the 50-day at $212 gets tested.

Oversold bounce candidate — not a trend reversal. Yet.

Market update

today was a bond-market day wearing an equity-market costume. The 10-year spiked to its highest since 2002 in the morning and took everything down with it — the S&P fell 0.7% at the lows before a strong $39B auction brought yields back down and stocks clawed back to finish nearly flat, with the S&P closing at 7,801.77, down just 0.22%. But don't let the flat close fool you: small caps fell 1.3%, the average stock equal-weight lost 0.8%, and it was narrow megacap leadership doing all the work. The 2pm Fed minutes leaned hawkish — most officials see another hike as likely this year — so the ceiling on rallies stays in place until yields cooperate. After the close, $APLD printed a monster revenue beat $341.9M vs ~$116-135M expected with base rent stepping up on schedule, which is a second straight counterpoint to the deployment-pushout fears and gives AI infrastructure a positive backdrop into tomorrow. Watch the 10-year around 5.30%: below it the relief trade continues,