Leading Tech innovator gets hacked by China?

That's the OFFICIAL message
Who's watching the energy sector this week?

The whipsaw action has been rough as of late after the continued problems within OPEC+...

Adding to this is the current pullback in the market...

With the latest agreement being reached, I'd expect to see more of this thrashing.

But what does the future of OPEC+ really look like? And how will energy stocks react?

Rogue Investing's energy expert Dr. Moors lets us in on what to expect and how it all really works in his latest article...

Don't miss it below.

Keep moving,
You can profit no matter the direction of the market, but what are the risks?

Options Coach Chris Hood and Brian Jones talk about the current market conditions and why going short comes with its own set of problems.
WORD ON THE STREET
China Did It, Bill SPACman Says "Cut", Built Ford Rough

  • Stop Hacking Microsoft - That's the unofficial message coming from the Biden Administration to China earlier this morning. Since earlier this year, reports from the U.S. and other nations have speculated or directly placed blame on China for cyberattacks on major companies, but a statement this morning from the White House pointed to four Chinese nationals alleged to be working with the country's Ministry of State Security against various U.S. entities, the biggest of which is Microsoft (MSFT). Russia thanked China for taking some of the heat.

  • Blank-Check to Remain Blank - After over a year of Bill Ackman's SPAC Pershing Square Tontine Holdings (PSTH) searching for a target before landing a deal with Universal, Ackman is now calling it off. The merger agreement was reached in June when Vivendi struck a deal with the SPAC to sell 10% of its Universal Music Group stake, but as the SEC continues its smackdown on blank-check business combinations, the Pershing board voted against proceeding with the merger. Honestly, was anyone really interested?
  • "How Do You Steer This Thing?" - Ford (F) drivers aren't too happy about not being able to show off their fuzzy steering wheel covers now that the company is recalling close to 800,000 of its 2013-2017 Explorer SUVs. The company stated that problems with steering which cause "a clunk noise" and "unusual handling" stemming from problems with the vehicle's suspension could increase the risk of a crash. Owners will be able to take their vehicles in beginning in late August. They'll just have to be careful on their way there.

  • Stock Market vs. COVID-19 II: The Rematch - Some analysts are warning that the latest COVID-19 variant, the delta variant, could potentially create another major correction in the S&P 500. With the labor market effectively pushing thinly-capitalized employers to pay more for underqualified workers along with growing concerns in international relations and cyberattacks, a number of experts say that an increase in cases could create another crash. The good thing is a lot of analysts and experts are wrong.
Did you miss Options Coach Chris Hood's landmark event? Chris does a deep dive into his cornerstone strategy that has been paying him every week for years...

Click below to watch now.
HOT SPOTS: What's Going on in Geopolitics

  • Western Europe Slammed By Flooding - More than 150 people are dead after flooding hit Western Europe. Germany suffered the worst, especially the regions of North Rhine-Westphalia and Rhineland-Palatinate. The flooding is putting a new emphasis on climate change issues just two months before elections in Germany.  

  • Communists Rally As Cuban Regime Fights To Hold On - Cubans loyal to the Communist regime rallied in the streets of Havana, but Cuban President Miguel Díaz-Canel is dealing with an explosive situation in the capital. Other residents have cursed at him when he went through the city, showing a level of defiance unimaginable under the days of Fidel Castro. Still, the fact the Cuban president was able to walk the streets without being attacked shows that he is not a purely hated figure. The regime has managed to turn out large masses of people, which shows it either still has some domestic support or can intimidate many Cubans.    

  • Iran/USA Dueling Stories On Prisoner Swap - Iran claimed that a successful prisoner swap deal had been worked out with the United States of America, but Washington denied the report over the weekend. The United States said Iran was guilty of "outrageous" conduct in nuclear talks, but the Islamic Republic said the real outrage was the denial that any prisoner swap deal had taken place.  
CUTTING EDGE: What's Happening In Tech

  • Ethereum Co-Founder Quits - Ethereum network cofounder Anthony Di Iorio has said he's quitting cryptocurrency entirely because of concerns about personal safety. He reportedly plans to sell Decentral Inc. and sever ties with other startups. "It's [the cryptocurrency sector] got a risk profile that I am not too enthused about," he said. "I don't feel necessarily safe in this space."  

  • Human DNA Not So Special - A new study finds only 1.5 to 7% of the human genome contains uniquely human DNA. Of course, that small percentage has huge importance and is mostly concentrated in the areas of brain development and function. However, it suggests that interbreeding among now extinct species, including Neandertals and Denisovans, may have had a larger impact than once thought. We may be never able to say what makes humans truly "human."

  • Underwater Jeeps On The Way - The new Jeep Wrangler Xtreme Recon can drive through more than 33 inches of water, but CEO Christian Meunier says that is just the beginning. During a recent presentation, one model was shown driving while fully underwater. Meunier described it as a "little wink" towards future developments, "which is probably 2030, but I know a lot of enthusiasts and a lot of our communities are requesting it."  
RETURN TO TRADITION
FOR YOUR CONSIDERATION

"In past problems, the main OPEC+ tug-of-war was between OPEC leader Saudi Arabia and Russia. Not this time. What has emerged in the current affair is a protracted difference within OPEC itself."

The whole point of OPEC is to present a united front to the world on oil prices. But what if a split emerges within the organization? Dr. Kent Moors reports on what the world energy markets are talking about today.

BEFORE THE BELL
Live Nation Entertainment (LYV) is one of the better performers over the last year which goes against what many would think.

However, it might be time for it to pullback... more than usual.

The stock is trading below all moving averages other than the 200-day simple moving average which sends a bearish signal if it breaks below the ~$76.00 area located at the gray bubble.

Now, looking to the left I've highlighted a point of concern in red. That's a sizable gap.

If the share price falls further under ~$65.00, I see no reason why - other than news - that gap in LYV doesn't get filled.

Short opportunity?

-Corey

(Disclosure: I hold no position in LYV.)
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