Market Shock: Iran Denies Ceasefire as Oil Prices Set to Explode
In a Nutshell
Markets showed little reaction to escalating Middle East tensions, with the NASDAQ forming lower highs and lower lows on multiple timeframes. The speaker closed a profitable Micron short for $13k and took a small long position into after-hours. Oil prices are rising as the ceasefire ends, setting up higher inflation, while SpaceX and Tesla both face extreme overvaluation at 360x earnings and massive annual losses despite ongoing geopolitical and earnings-driven market volatility.
These notes were generated by AI and may contain inaccuracies.
Even with tensions escalating in the Middle East overnight, markets showed little reaction. The NASDAQ during overnight hours gained 86%. During normal trading hours, markets opened in the green, pushed up to make new highs, then quickly corrected. The session formed a lower high before selling off for the remainder of the day. The 5-minute timeframe showed consistent lower highs and lower lows, confirming the bearish direction. The speaker noted that carrying positions from Friday to Monday required taking profits shortly after markets opened, otherwise gains were largely given back resulting in a near break-even day.
The speaker closed their short position on Micron before markets closed, with the last short entered around the 900 level. After confirmation, additional positions were added, and profits were taken early rather than letting the position run to the 860 lows. The speaker emphasized playing it safe after already exceeding their daily goal significantly. Profits were taken as the price approached the previous support level of approximately $870. Total profit realized was $13,279 for the day.
The speaker's last trade was to go long, buying the dip during aftermarket hours. As the price recovered, the position was trimmed and then fully sold, leaving one share. The average purchase price was approximately 874.60. The trading platform used is Webull, with an affiliate link available in the video description for sign-up bonuses.
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