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This market is tricky; don't be overly optimistic.
Macro bounces are only bounces. The truth is that most names are down significantly, still below their W50, including $META despite its new AI model.
A stock below its W50 is a bad stock.
Days like today are terrible for investors. They give hope, FOMO, they make you believe you missed the train until you finally give in... while the train goes back.
Some sectors are strong, there's no doubt here, and I am heavily invested - leveraged even, in two of them with positions like $SOI $AXTI $GFS.
But weak sectors won't turn strong from one day to another because of a ceasefire in Iran.
No, weakness is structural. Selling triggers more selling as traders deleverage and holders take the opportunity to get the hell out; bounces are only profit-taking until proven otherwise.
What I see is a great bounce and valid reasons to be optimistic, but I also see structural issues coming. The rotation towards defensives won't stop because this is where money if slowing, with even better reasons.
So seeing stocks like $HAL $VG $DAR $NTR fall... I'll expect more weakness from those, but eventually they'll give you a buying opportunity for the second leg.
Because there will be one.
Structurally, we are still in a defensive environment; defensive pullbacks should be bought while risk pumps should be sold. Until proven otherwise.
This is the time for rigor. Focus on strength, not bias.