Stock Market Volatility Just Hit Different - Here's Why
In a Nutshell
Markets broke down after a failed ceasefire-driven rally, with NASDAQ breaking key support at 685-700 amid earnings volatility. Live trading netted $11.8K by scalping multiple long/short swings with strict position sizing and profit-taking. Caution dominates on speculative names and earnings week, with SpaceX down 47% from highs as reality hits overvalued positions.
These notes were generated by AI and may contain inaccuracies.
Markets propped up on news of mediators proposing a 10-day ceasefire on strikes to revive the Iran and US interim deal. Iranian president denied the reports, stating the country is at full-scale war with the United States. This uncertainty coincides with companies reporting earnings this week.
Companies reporting earnings this week include Tesla, Alphabet, ServiceNow, IBM, and Intel. The major names for the Magnificent 7 are Alphabet and Tesla, while ServiceNow, IBM, and Intel represent the key tech names. Live streaming of earnings is being considered for Wednesday and Thursday after markets close.
The NASDAQ showed an ascending uptrend pattern driven by ceasefire excitement, but this proved to be a trap. Price rallied, peaked, pulled back, and broke structure with a full breakdown pattern. The ascending uptrend support was broken, and price is now forming lower highs and lower lows.
A portion of the Micron Technologies position is being trimmed. The position was entered at oversold levels. Trading activity has been frequent and will likely be reduced.
Today's live trading session with the LPP team generated 11.6K in profits. A long position was carried over the weekend and profits were taken at market open. Multiple trades followed: short position taken and profits realized, long position taken and profits realized, short position taken and profits realized, long position taken and profits realized. Position sizing was managed carefully with direction confirmed before entry, and greed was avoided.
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