WARNING: Iran Negotiations Fall Apart Again
In a Nutshell
Markets are rallying on false hopes of a US-Iran deal that Iran denies, while oil recovers on stalled talks and rising conflict risk. Dell surged 16% after Trump’s endorsement and is targeting $300, while quantum stocks pulled back 10% from overbought highs despite $2B in government funding. Markets close Monday for Memorial Day, with a 50% off LPP 3.0 sale running through the weekend.
These notes were generated by AI and may contain inaccuracies.
Markets are trading higher based on the assumption of final talks or final drafts of an Iran deal, as announced by the US yesterday. This news has been used to prop up markets for the past two to three days. An Iranian source has stated that the final draft of the US-Iran agreement is false. The talks are in permanent deadlock due to US insistence on nuclear negotiations. Iran has no desire to continue negotiations and the conflict could start at any moment.
Trump has been focusing on peace deals for the past eight weeks, continuing to announce peace talks, but nothing has actually happened. Markets continue to push higher based on this news. When peace deals or final drafts are announced, oil drops. When it's confirmed that there is no signed deal, oil recovers.
President Trump announced he's sending 5,000 troops to Poland. The US opened higher as the S&P 500 heads to its longest weekly winning streak in the past three years. Market sentiment is bullish. Pakistan eyes breakthrough in US-Iran talks stalled over uranium.
Dell is one of the best performing stocks today, up 16.1% on the day. Dell is testing previous highs of nearly 295 and appears to be heading toward $300 per share. Dell has been on a run, up over 100% since its lows of $115 per share. Dell gained another leg up shortly after Trump announced that he loves Dell, loves the people that run Dell, and thinks people should go and buy Dell as a great American company.
Quantum stocks ran up 30% yesterday based on news that they will receive $2 billion in funding from the US government. This is comparable to Intel, where stocks can run higher for longer. During today's pre-market session, quantum stocks showed signs of selling off, pulling back around 10% from highs to lows. Confirmation of a break of support is needed but not present as of now.
Quantum stocks are a focus for overbought setups. A change of direction on this overbought reversal is being monitored. This is not a trade to blindly short, especially when direction, sentiment, and price momentum favor the bulls. Confirmation of an overbought reversal is needed, which comes at greater risk.
Markets will be closed on Monday in observance of Memorial Day. A Memorial Day sale is starting, offering 50% off LPP 3.0 with one-time payment and lifetime access. Members who signed up in 2018 paid once and still have access to live trading every day at market open for 30 minutes to an hour. The promo code must be entered at checkout to receive the 50% discount, and this offer is exclusive for the Memorial Day weekend. The sale link is in the second link down below, and questions can be directed via Instagram.
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