Trump's Iran Move Triggers Market Selloff
In a Nutshell
Trump's speech on Iran—threatening strikes on power plants, a 2-3 week war extension, and no future oil imports via Strait of Hormuz—triggered a market selloff, with oil surging to $103/barrel, NASDAQ down 1.33%, TQQ down 4%, and airlines dropping 1.8-2.2%. Despite irrational reactions and Trump's alleged market manipulation, the LPP team took partial profits on SQQ (up 4.22% overnight) while eyeing oversold reversals or further shorts. Markets prioritize deescalation signals over politics; live trading session invited for tomorrow.
These notes were generated by AI and may contain inaccuracies.
Ricky with Techbut Solutions provides a market update. During overnight hours, markets rallied with focus on waiting for peak, signs of slight resistance, and shorting upon reversal formation. Shorting is not for everyone but has been a focus as Trump dangles deal or no deal. Today's speech shared nothing new, but assumption was that something new would be said.
The Iran war will last another two or three weeks. (One of his tweets earlier today or late last night.) The US will strike Iranian power plants if no deal is reached. (Threat posted on Truth Social.) Core strategic objectives are close to completion. (Said for past five to six weeks.) The US will bring Iran back to the stone age. (Said in tweet earlier today.) The US will not import oil from the Strait of Hormuz in the future.
He mentions having so much oil that it's not needed, something said repeatedly, including in the speech.
Iran's Navy is gone and Air Force in ruins. Oil prices surging to $103 a barrel. NASDAQ down 1.33%. Bought dip on SQQ from oversold levels; up 4.22% overnight, 6% since lows. No one predicted this due to assumptions about the 9:00 p.m. Eastern announcement after five to six weeks.
Markets are incredibly irrational. Half of LPP team taking profits on SQQ position, knowing market could sell off now but reverse by Monday open or tomorrow morning due to potential Trump tweet manipulating it upward. TQQ down 4%. Gold down, silver down. Oil up as discussed in live trading session; UCO up 7.4%, 4% overnight. Airlines down 1.8-2.2%.
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