Tim Knight discussed several notable securities. He highlighted the Spider ETF (SPY) and its recovery since April 7. Knight examined industrial stocks through XLI, small caps via IWM, and technology stocks with QQQ, noting their approach toward April 9 resistance levels. He expressed particular interest in semiconductor stocks (SMH) and international markets through EFA.

Knight took bearish positions in energy, particularly XOP (Oil & Gas Exploration ETF) and CNQ (Canadian Natural Resources), identifying a failed right triangle pattern in US oil. He also mentioned successful short positions in PepsiCo (PEP) and Mondelēz (MDLZ), while noting Jack in the Box (JACK) had fulfilled a bearish head-and-shoulders pattern. For bond exposure, Knight favored IEF (7-10 Year Treasury ETF) over TLT. He concluded by highlighting Alphabet's (GOOGL) upcoming earnings as a potential market catalyst.

Tim Knight discussed several notable securities. He highlighted the Spider ETF (SPY) and its recovery since April 7. Knight examined industrial stocks through XLI, small caps via IWM, and technology stocks with QQQ, noting their approach toward April 9 resistance levels. He expressed particular interest in semiconductor stocks (SMH) and international markets through EFA.

Knight took bearish positions in energy, particularly XOP (Oil & Gas Exploration ETF) and CNQ (Canadian Natural Resources), identifying a failed right triangle pattern in US oil. He also mentioned successful short positions in PepsiCo (PEP) and Mondelēz (MDLZ), while noting Jack in the Box (JACK) had fulfilled a bearish head-and-shoulders pattern. For bond exposure, Knight favored IEF (7-10 Year Treasury ETF) over TLT. He concluded by highlighting Alphabet's (GOOGL) upcoming earnings as a potential market catalyst.