Learn Plan Profit | Morning Live Trading
In a Nutshell
Markets opened lower amid record Japanese bond yields, Strait of Hormuz tanker attacks, and depleted oil reserves, driving bearish sentiment. Ricky closed his Nvidia short early at 218 after the stock tested lows near 217, prioritizing caution over holding for larger gains. GoPro surged 46% to $1.55 on momentum from a YouTuber's 8.59% stake, while broader concerns center on the unchecked US deficit and irrational market behavior ignoring negative macro data.
These notes were generated by AI and may contain inaccuracies.
Ricky from Learn Plan Profit goes live from Italy at 3:18 PM local time, 12 minutes before US market open on September 1st, 2026. This is the first trading day of September and the last wedding of the year before returning to regular Arizona market open schedule.
Ricky closed an Nvidia short position early at 218 after the stock tested previous lows around 217. The stock's lowest low from yesterday was 216. He acknowledges his tendency to take profits early but prefers playing it safe over being sorry. The position was closed as the stock consolidated after breaking and testing previous lows.
Markets are trading lower with the NASDAQ actively selling off. Key macroeconomic factors include Japanese bond yields hitting record highs, two super tankers attacked in the Strait of Hormuz, extremely low oil reserves, and global bond yields at their highest levels since 2008. These events are negatively impacting markets, with direction described as bearish for now.
The Strait of Hormuz tanker attacks are noted as new developments, though attacks in general are not new. Markets have been supported by the Iran war situation. Trump has stated the war is done for weeks, yet attacks continue affecting oil prices, which impact inflation reports and future FOMC rate decisions.
Despite negative news and macro concerns across bond markets, labor markets, and inflation rates, the S&P 500 and NASDAQ continue pushing higher. Walmart's lower-than-expected earnings and guidance indicate consumer uncertainty and potential downturn. There are concerns about market manipulation with unfulfilled promises, particularly regarding deficit reduction, as the US deficit continues to increase rather than decrease.
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