Urgent: Iran-US Talks Delayed to 2029, Market Impact

I hate to start the trading week like this, but Iran is now stating that they will wait until Trump's term ends in 2029 to actually start negotiating with the US. Again, obviously, I'm on the US aside, but dude, I cannot blame them. Like, it it's just so embarrassing this whole deal, no deal. Look, look at the NASDAQ market. First off, the part that's so annoying is that markets celebrated all of last week based off of this peace deal that Trump fabricated. It was not true. There has no there's been no peace deal that was signed. Supposedly, it was going to be agreed upon on Wednesday, then Thursday, then by end of week. Now, it's the next week and still no deal. 25 weeks later, again, the art of the deal as their um whatever, right? It's I don't even want to have to insult people. It's just now markets now Iran has confirmed that there is no peace deal and that now that they are willing to rule out any future negotiations with the Trump administration and says that it will wait until his term ends in 2029. Now do I actually believe this? No, I don't. Uh but they are saying that the the winning approach is denial, ambigu ambiguity and the strategic patience because he they are saying that the process was not being won with peace or anything it is that was currently taking place. Like Trump is making such a mockery of his position and markets every other market is reacting. oil. As soon as this got confirmed, oil starts to go back up. Remember, oil dropped as soon as Trump announced this peace deal. I would love to see the amounts of Trump insiders that are taking active shorts before that news got announced, making money as oil drops just to cover knowing that nothing was actually going to happen. Now, oil is being brought back up. And remember, oil is the big uh biggest contributor to our rising rate of inflation. our inflation report, right? The CPI data report is supposed to be released this, what is it? Tomorrow. Am I mistaken? No, I'm sorry. Wednesday. Wednesday, August 12th. The CPI data report 1 hour before markets open. I do plan to live stream it. So, just another reason to subscribe to the channel. But isn't that so like it's such a mockery because even just yesterday he was stating that oh like he's he's willing as long as they open up the straight of her moose he's willing to work out a deal. He is so full of like he so much BS over and over and over and over again. And guess what? Even when it's confirmed that the news isn't true, markets are not selling off. Isn't that the really funny part? And Trump has acknowledged this that when he hints on a peace deal, they'll push to new highs. When he confirms that it wasn't actually true or there is no peace deal, markets correct half of a percent. Markets are down.3% 03. Nonetheless, again, we made the most I would say of today's I would say pre-market activity. uh Micron gapped up, became incredibly overbought within a short period of time and in today's live trading session, I took an active short. It was the most beautiful setup. We took a short and as I corrected, we added more to it and then began to take profits as it approached the moving average. It was a previous resistance range which could act as a new support range. So far on the day, we're up about $4,000, but I just opened another short position. So, we'll see if we can come back down to retest. So, again, um it's still an open position. So, it's still a position that's open to risk. Other than that, again, um there's an update with what's going on in Japan. The Japanese yen has fallen um back even though, wait, it says Japanese yen falls back past 158 yen per dollar despite the estimate of hundred billion dollars for the US and Japan intervention. For those that did not know, remember the US intervened. It wasn't just last week um but shortly after. And the Japanese are trying to intervene. And the reason that the US is being so adamant with this is they need to help Japan get a hold of its dollar because if it continues to fall, the Japanese will have to step in, liquidate some US treasuries as they are one of the largest foreign shareholders, foreign holders of US treasuries. And if they begin to flood the US Treasury market, then US yields go even higher. Money will get pulled out of the stock market. They'll go into the yields. And that means that the US will pay more in interest than it previously was before. That is the very like that's the least of our worries. If the whole carry trade ends up unfolding like we saw in August of 2024, that's a whole another debacle. But as of right now, this is just the market that I would pay close attention to because if it does get worse, then we will feel the implications of that in our market. So again, overall, just wanted to make sure that you understood where does the market currently stand. Markets are nearly S uh QQQ and SPY are nearly at all-time highs. So again, different time frames give you different perspectives. The market is not cheap. It is overbought. It's not that the market can't push higher. Again, I think we can all agree just like we pushed up higher last week based off of news, markets can always push up higher. And if there's anyone that can prop them up higher, it's Trump because he knows how to manipulate the markets with his tweet. We all understand that, right? So, it's not that markets can't push up higher. It's that hey, based off of previous resistance levels, we are closer to a resistance than we are to a support. Just be cautious of your exposure up here. Don't be scared to be invested. Just don't be overleveraged. That's the simple thing that we wanted to highlight, right? Uh with that being said, there are some companies reporting earnings today. I wanted to let ask you guys, do you want me to go live? If not, it's all good. Rocket Lab is one of the big ones that's going to be reporting earnings today after the markets close. And then tomorrow is more of the bigger day. Super Micro and Cororeweave going to be reporting after the markets close. And then Nibbius uh reporting before markets open on Wednesday. But again, the big focus for me on Wednesday is going to be that CPI data report uh that I will be live streaming. So again, just another reason to subscribe. Wanted to provide you guys with a quick overall market update. If you see the markets showing a lot of signs of consolidation, when in doubt, never be afraid to stay cash, right? If you do not feel comfortable going long because markets are overbought, but you don't feel comfortable going short because markets are not actively selling off, I feel you. Respect yourself enough to feel comfortable staying cash until direction and confirmation are in your favor. Right? Stay patient, stay calculated, and don't forget, right, this the sale is still going on. It's a promotion that Weeble has going on. It's the trading platform uh that I'm currently trading on. And if you guys want to check it out, all you guys have to do is even on your screen right now, you can scan this little QR code or just click that first link in the description down below. And all you have to do is I mean technically you just have to start investing and you can deposit as little as $1, right? But if you want to earn the 12 shares that they're currently offering you, again, first link in the description down below or scan the QR code and they can give you anywhere from $36 to $3,600. But even at worst case, you'll have $36. And again, all it takes is a $100 initial deposit for the 12 free fractional shares. And these are fractional shares of Nvidia, Apple, SpaceX, Tesla. So again, they're fractional shares there. There's no limit on how many different trading platforms you can have. If you don't have Weeble, it's a great time to sign up. First link down below, or you can feel free to pause the video and scan the QR code. So, I appreciate you guys' time. I hope that we're in a thumbs up. Don't forget again, we're trading live every single morning right at market open. And that's the second link in the description down below. Our sale is still running until the end of tonight at midnight. So, you have about 14 hours. I appreciate you guys' time like always. Let's make sure that we end the year on a green note. Take care team.