BAD NEWS: TRUMPS DIRECTOR JUST RESIGNED...
In a Nutshell
NASDAQ is technically oversold near 595 support and 610 resistance amid fundamental red flags like 9.2% private credit defaults (worse than 2008), Trump's national counterterrorism director Kent resigning over the Iran war, and 30-year mortgages hitting 6.86%. FOMC tomorrow has 99.9% odds of a rate pause, with markets prone to pre-event rallies followed by retraces—avoid leverage and stay calculated at overbought levels. Trump's tweets remain key catalysts despite economic warnings; check Mumu app for trading bonuses.
These notes were generated by AI and may contain inaccuracies.
NASDAQ market is up about half a percent. From yesterday's highs to current highs, almost forming an overbought reversal. On the 1-hour time frame, markets opened technically oversold based on common support and resistance levels discussed in Sunday stock talk. NASDAQ QQQ finds common support around 595 and resistance around 610. Technically oversold, but need to understand fundamental drivers pushing markets higher.
Private credit default rates hit 9.2%, higher than 2008 bank loan peaks. 1.8 trillion in assets, 100 billion in secondary liquidity, and an 18:1 mismatch. When exits close, panic starts—not bullish.
Breaking: Trump's director of national counterterrorism, Kent, resigns. > I cannot, in good conscience support the ongoing war in Iran. It is clear that we started this war due to the pressure from Israel and its powerful American lobby.
30-year mortgage rate jumps to 6.86%, highest since November 2025. Oil prices up, tensions in Middle East present, though Trump says war is over. Could be manipulation or irrational markets.
Tomorrow at 2 p.m. Eastern, FOMC rate decision. Fed rate monitor tool shows 99.9% probability of pause, 0.1% chance of raise—no cuts on table. Markets rally before major events like FOMC or earnings as leading indicators, then retrace on bad news. Buyers at highs baghold lows.
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