The NASDAQ market is showing signs of uncertainty and weakness, being overbought and potentially vulnerable to a pullback after the CPI data report.
Source Post
URGENT: Don't Trade Until You See This Iran News!
Aug 11, 2026
Ricky Gutierrez discusses the market's reaction to news about a potential US-Iran peace deal, noting the volatility in oil prices and US bond yields. He highlights upcoming CPI data and earnings reports from Super Micro and Core Weave. Gutierrez also recaps his trading activity, including closing a profitable position in Micron and a missed opportunity in Palantir, while noting the NASDAQ is overbought.
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Tickers discussed in this post
Ricky saw a potential short opportunity on Palantir due to an overbought reversal but lacked confidence to short it because of the lack of progress yesterday.
Ricky closed his entire position in Micron, making $3,200 trading both sides, and is very happy with the result.
Core Weave is reporting earnings after market hours today, and has been a very active moving player for 2026 and 2027.
Super Micro is reporting earnings after market hours today, and has been a very active moving player for 2026 and 2027.
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