BREAKING: TRUMP JUST ATTACKED IRAN...
In a Nutshell
Markets gapped down on Middle East escalation after Iran attacked boats at the Strait of Hormuz and the US struck 80 targets in Iran. Traders profited by buying oversold semiconductor stocks during the selloff and selling into the 4.5% V-shaped recovery. Focus tomorrow is on whether fear persists or volatility eases, with Micron watched for a potential bounce from support or breakdown below 900.
These notes were generated by AI and may contain inaccuracies.
What a day. It's Ricky with Tech Solutions. Today is July 7th at 8:35 p.m. Micron either performed well or poorly depending on whether traders respected oversold and overbought levels. Scalpers and day traders made significant money while those holding positions experienced roller coaster emotions throughout the session.
Markets gapped down overnight based on news from South Korean markets. South Korean markets are falling further with the KOSPI dropping an additional 3%, wiping out $123 billion from the market following Samsung's continued selloff.
Iran attacked boats at the Strait of Hormuz yesterday. The US military completed a new round of attacks today, striking 80 targets in Iran including air defense radar sites, missile systems, and IRGC boats. Iran's chief negotiator claims the US has seriously violated agreements. The situation appears to be ongoing escalation between both sides.
When is this going to stop? It's like the same BS over and over again.
Young service members from both countries are fighting in conflicts created by their commander-in-chief rather than personal disputes between the individuals involved.
The US wants to continue final agreement negotiations with Iran after completing strikes against them.
SanDisk plunged 14% and was among the biggest losers, though it began recovering aggressively.
Semiconductor stocks experienced significant fear injection. Markets showed resilience despite Middle East escalation signs, forming V-shaped recoveries after becoming oversold. The approach involved waiting for markets to sell off and become oversold, then entering long positions and taking profits during recovery.
I would rather be late to a rally than early to a sell-off.
From lows to highs, markets made a 4.5% move. Less is more in this extremely volatile market environment.
The focus tomorrow will be whether volatility continues or if fear gets removed. Micron will be monitored on larger time frames to determine if it's oversold enough at previous support ranges to recover toward previous highs of 12300, or if it will break support around 900 and make new lows.
Live trading sessions are available via the second link in the description. Members who signed up in 2018 with a one-time payment continue to access daily live sessions. The goal is to end the year on a green note.
Keep Ricky Gutierrez in your library
Save the videos and channels worth coming back to, and find them again in one place.
