Daily Greenland Mines Ltd.
Critical Metals is up nearly 40% after President Trump said the United States reached a security arrangement with Denmark and will establish a large military presence in Greenland. Greenland Mines and Greenland Energy have more than doubled.
Critical Metals is connected to the Tanbreez rare-earth project. Greenland Mines has exposure to palladium, gold, and platinum. The float on these names is small and the moves reflect it. A policy headline doubled them by midday. The next headline can take half of it back just as fast. The Greenland trade is running on geopolitics and strategic minerals. It arrived on the same risk-on session but it is not carrying the same story as the chip names.
Energy Went the Other Direction
The Energy Select Sector SPDR fell about 2% Monday. ConocoPhillips, Exxon Mobil, and Occidental Petroleum are all lower as crude oil slides. The rotation was clean. Money came out of energy and went into technology. Monday is a risk-on day and energy is not part of it.
What to Watch
The all-time high at 27,190.21 is the next test for the Nasdaq. The index is pressing toward it after clearing a string of swing tops Monday. The 26,339.24 to 26,465.80 retracement zone is the first support on a pullback. Buyers own the chart as long as that zone holds. Below it, the swing bottom at 25,802.96 is where the trend changes.
AMD has no overhead resistance after the gap to a record. Monday’s low at $582.27 is the first level sellers have to take. The 50-day at $496.87 is well below. The gap is the trade now. Either the record holds and AMD stays above Monday’s range or the gap fills and the vertical move starts looking like exhaustion.