MARKET ALERT: Iran Attacked Announced By UAE
In a Nutshell
Brent crude oil surged above $119/barrel after UAE announced an Iranian drone attack on a petroleum facility and Iran closed the Strait of Hormuz, causing markets to dip ~4% in a volatile, bullish-trending consolidation—stay in cash until clearer direction with higher highs/lows. Big movers include upside in Roblox, IRNE, Micron (+80% in 30 days, unsustainable), Circle (+18%), SanDisk (+4%); downside led by AMD (-5.4%) ahead of earnings, with Palantir consolidating post-earnings today. Respect the bullish trend amid irrational sentiment, avoid forcing trades without risk calculator confirmation, and join live sessions for updates.
These notes were generated by AI and may contain inaccuracies.
Volatile start to the day. Best and worst performing equities highlighted. It's Ricky with Tech Solutions on May 4th at 9:35 a.m.
Brent crude oil prices surge above $119 a barrel after UAE announces an Iranian drone attack hit one of their petroleum facilities. Iran officially closes Strait of Hormuz (Austral) to all vessels—situations flip between open/closed, Trump mentions deal progress, then tensions rise.
Markets slightly down 4%. On 4-hour timeframe, direction and trend remain incredibly bullish. Pullback is not a correction—no breakout structure or breakdown pattern. Testing pre-market levels, within range, no new highs or lows. Markets consolidating. Not a favorable setup—no higher highs or lower lows. Best to stay cash and wait for clearer direction. Boring is better than being red.
Upside: Speculative companies gapped up—Roblox, IRNE (Irene), Micron up 80% in 30 days (unsustainable), Circle up 18%, SanDisk up 4% (due to weather?).
Downside: AMD biggest loser at -5.4%, leading selloff. Ran up 80% in 30 days from sub-$200 to $366. Reports earnings in ~24 hours after markets close tomorrow with Super Micro, AMC, Strategy. Investors taking profits ahead of uncertainty—downside risk greater than upside potential.
Palantir (Palanteer) reports earnings today after close, consolidating. Not fundamentally cheap (P/E ratio), but pulled back enough for positive catalyst if beats expectations.
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