URGENT: IRAN LAUNCHES SURPRISE ATTACK CRASHING MARKETS!
In a Nutshell
Markets crashed in aftermarket trading on unconfirmed Middle East escalation, with oil spiking and major tech names like SanDisk and Micron plunging 7-12% in minutes. Meta faces its worst losing streak in years amid $145B AI spending and a $1.4T lawsuit, while FOMC and big tech earnings tomorrow could drive further volatility. Short-term traders are advised to avoid overnight shorts, with only experienced risk managers positioned for potential continued downside.
These notes were generated by AI and may contain inaccuracies.
Markets began to freefall unexpectedly during aftermarket hours, disrupting what had been an amazing recovery into the close. NASDAQ broke its ascending uptrend pattern support, moving from highs of nearly 678 to lows of 671 within 30-40 minutes, representing a 1% loss. SanDisk fell from 1,139 to lows of 1,023, losing 10% in 30 minutes. Micron dropped from around 833 to lows of 770, losing 7-12% in minutes despite being up 1.5% earlier in aftermarket hours.
Oil-related instruments showed dramatic moves with United States oil fund up 5.37%, WTI up 1.89%, while SCO (inverse oil) was down 6.3% and Oil U up 4%. This combination of oil rising while overall markets decline indicates escalation in the Middle East that has not yet been officially announced. The timing is significant as it occurs the day before big tech earnings reports.
Meta is experiencing its longest losing streak ever with eight straight days of declines. Multiple negative factors are converging: expected first negative free cash flow print, AI capex running at $145 billion annually, and a lawsuit seeking $1.4 trillion (nearly its entire market cap) going to trial next month. This represents the first time in over five years that Meta has seen a double-digit red streak in daily candles, currently on day nine.
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