BREAKING: G7 AGREES TO NOT SAVE THE OIL MARKET....
In a Nutshell
Markets sold off sharply after attacks on Iran and Venezuela refineries spiked Brent oil to $120/barrel and wiped $900B from US stocks, but recovered nearly to breakeven on G7 rumors of releasing reserves—only for G7 to agree against it, keeping oil bullish amid uncertainty (US oil at $99/barrel). LPP team profited shorting MSTR and inverse oil ETFs like MSTZ on the pullback, reentering shorts patiently. Key advice: stay calculated, avoid leverage in uncertainty, cash out when in doubt; join LPP live trading for $110 lifetime access.
These notes were generated by AI and may contain inaccuracies.
Ricky from Techwood Solutions discusses recent market movements. Markets aggressively sold off overnight, especially oil futures which hit highs of nearly $120 per barrel for Brent oil. NASDAQ was down 2.5% in Sunday's stock talk. Markets consolidated and showed support signs. After attacks on Venezuela and Iran, markets recover by Monday open. QQQ hit lows of 583. Markets are now nearly break even with an amazing recovery.
LPP Team Trades
LPP team took profits on shorts like MSTR (down 3-4%). Ricky reentered short on MSTR via MSTZ, bought the dip after it gapped down, took a small position, up $900 so far. Reversal is just starting. Emphasizes patience and intentional trading: when in doubt, cash out.
Panic from weekend attacks: huge refinery in Iran blown up, produces 20-30% of supply, limiting oil reserves while demand stays steady, causing prices to skyrocket. $900 billion wiped from US stock market initially, now nearly break even. US oil prices dropped to $99 per barrel.
President Trump: "oil prices will drop rapidly when the Iran nuclear threat is over. A very small price to pay."
Trump's tweet influenced markets despite personal disagreement with its power.
G7 considered releasing emergency oil reserves, causing market recovery and oil prices to drop below $100. United States Oil Fund gapped up then pulled back. However, G7 agreed not to release oil reserves just yet, per G7 official. Markets remain irrational and eager to recover; oil hasn't hit previous highs due to uncertainty.
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