Tech Explosion / Energy Markets Calm

8/3/2026 Forget all those comments about the tech sector beingover heated and too high. Today all the Mag 7 stocks took off as did the SOX stocks. NDX, SOX, you name it in tech looks ready to advance, the PMO is bottoming as is RSI aand prices have turned up. The SPX has soared hundreds of points the last few days. SPX was up 110 today. Start ofa new big move up or a final buying blow out, not sure, and again this is summer where markets are most volatile. We will report, I regret the site is still constrained. Friday Trump was going to attack Iran with whatever he has left ammunition wise. Saturday night he reverses saying the Saudis had asked he to relent, he said ok Oil opens down $7 Monday, Energy and service stocks back off but not that much. Iran announces 6 32 AM CSTthat there is no negotian with the US, only with Oman. Energy and serice sell off a bit and then come back today. Markets are alwasy subject to outside noise but this is getting old, every Friday Trump seems to reverse himself or does so over the weekend. I am not comfortable with the situation, wondering if Trump's aids worried over the mid-terms, will convince Trump to take some deal, any deal to get gasoline prices down, but really a bit late for that. MY daily charts of CVX Chevron, Exxon XOM, and APA are topping. CVX great earnings did not move the stocks. I think it best to exit energy positions. More every day this week.