ALERT: OIL SKY ROCKETS OVERNIGHT...
In a Nutshell
Markets closed flat but reversed overbought in after-hours, with NASDAQ/QQQ rejected at $613 amid soaring oil prices above $100/barrel due to ongoing Iran war uncertainty, disbelief in Trump's deescalation claims, and a blown-up oil tanker—triggering Dow futures down 500 points. Speaker advises cashing out uncertain positions, shares $2,900 profit shorting MSTZ (MSTR double-leveraged), and expects more NASDAQ/tech selling at open ahead of tomorrow's unemployment claims data. Join live trading sessions and A2Z library for lifetime access via link below.
These notes were generated by AI and may contain inaccuracies.
Markets closed relatively flat, down 0.1% in the red. Extended hours show a bigger story of an overbought reversal. NASDAQ or QQQ tested resistance around $613 per share and is now getting rejected. Patterns tend to repeat.
Oil is up, stocks are down, even after Trump declares victory in the Iran war. Iranian military representatives state online that Trump cannot lie his way out of $200 a barrel oil and is no longer able to manipulate the market. Don't believe him. Shortly after, crude oil rises over $100 a barrel. Dow Jones futures fall 500 points as US oil prices rise above $94 a barrel.
Iran war news was reported hours ago, even before market open. Trump's statements cause short-lived positive catalysts that irrationally pump markets. Attacks continue in the Middle East, including another huge oil tanker blown up. This indicates no war end or deescalation. More uncertainty causes fear, driving prices lower. Oil prices recover due to continuous war uncertainty and disbelief in Trump's hype.
One moment we're bearish, another moment we're bullish, and it's always just one tweet away.
Not a fan of tweet-driven markets, but these are the catalysts to work with.
When in doubt, cash out. If a position feels heavy and can turn with one tweet, play it safe.
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