The Stock Market Is About To Go INSANE Tomorrow

[00:00:00] Speaker 1: The S&P 500 just hit new record highs at over $70 trillion in market cap. U.S. Treasury Secretary Scott Besson says a deal with Iran could be announced as soon as tomorrow. Besson claims that the deal would reopen the Strait of Hormuz. The U.S. has reportedly used virtually all of its precision missiles and half of its global tomahawk supply during the Iran war. Today, we cover why stocks are rising, what to know, and where the action is right now. [00:00:30] Speaker 2: Treasury Secretary Scott Besson went on CNBC this morning and basically lit the futures market on fire. He said, quote, we are in talks with the Iranians. There is a chance we may have a deal today or tomorrow to open the Strait. Once he said this, the market went straight up ever since. Qatar's foreign minister confirmed the talks are ongoing and the focus is on de-escalation, but they were also careful to note that there are no direct U.S.-Iran talks happening right now. A senior Iranian source, though, said that the general idea being discussed is that Iran would have control over the Strait of Hormuz and inbound shipping and visibility over outbound traffic with the ability to intervene if necessary. A member of Iran's negotiating committee told state media that any arrangement would be temporary, one to three months and, quote, where Iran is dominant. [00:01:25] Speaker 1: Both Iran and Oman would also collect a so-called service fee to cover environmental and security costs. There is one small sign of flexibility where Iran is reportedly considering allowing European nations to help clear mines from the Strait as part of a broader deal. The U.S. has reportedly used virtually all of its precision missiles and half of its global tomahawk supply during the Iran war. Some officials are worried that should another conflict break out, the stockpiles could affect U.S. readiness. The S&P 500 reached 7,700 today for the first time in history, pushing the total market cap of the index above $70 trillion. [00:02:06] Speaker 2: This is historic, and it's also now the 25th all-time high of the year. Whenever SPX makes 25-plus all-time highs by the end of August, the full year was positive 100% of the time with a 20% average gain. And the current bull market right now is continuing and is about 3.8 years old. Out of the 7 other bull markets that made it this far, 6 of them lasted until at least 5 years, with an average of more than 7 years. So we could still have some more bull market in store for us here. But seasonality is not on the bull's side. Between August and September, it's been choppy on average over the past 20 years. [00:02:46] Speaker 1: Volatility has a historical tendency to spike right around now, which in my opinion is more telling and relevant than anything else. Because 2026 truly is a year like none other. And with the Iran-U.S. conflict continuously evolving, I don't think the volatility has peaked just yet. So basically, the market's crazy, and it's not set to slow down anytime soon. And SpaceX just reported earnings in After Hours today. Revenue came in at $7.8 billion versus an expectation of $6.8 billion. And their revenue increased 92% year over year. They also lost less per share than expected. Expect this stock to be highly volatile. [00:03:33] Speaker 2: Yeah, right now it's actually down in After Hours. And another stock that's also down in After Hours right now is AMD. They also reported that revenue came in at $11.53 billion versus $11.31 billion expected, which was a beat. And it increased 50% year over year. And it also beat on profit expectations. But again, the stock is volatile and it is down in After Hours right now. So keep AMD and SpaceX on the radar for tomorrow. And these could add some selling pressure into the overall market as well. But overall, S&P 500 Q2 earnings are actually on track to surge 47% year over year, the strongest growth since Q2 of 2021. Outside of post-recession rebounds, earnings have never climbed this high, according to Charlie Bilello. An S&P 500 profit margin spiked to 16.7% in Q2, which is by far their highest level in history. [00:04:27] Speaker 1: And Palantir destroyed expectations when they reported earnings yesterday. Their stock exploded by 30% today at highs. Resistance is at 165, and that has come back into play. But keep this one on the radar, and it just goes to show you how crazy stocks can move during earnings season. And we still have a lot more exciting companies set to report. WNDK, WDC, and Uber will all report tomorrow. So I think this will give a pretty nice update on the AI trade, especially with Sandisk and Western Digital. [00:05:00] Speaker 2: And AI has been moving the market a lot. And speaking about the market, SPY blasted off the new all-time highs today, hitting $773.41. And you can see how it just blasted above the previous all-time high, close to 760. This was a great breakout move, and we can now use that 760 to 760.40 area as a good support over the next few days. If we zoom in, though, on a 15-minute chart, SPY did start to slow down around market close. And it does seem like that this 770 to 771 range is going to act as a decent support into tomorrow. If we start to see the SPY break under 770 tomorrow morning, I think that that would be a good indicator back to the downside. Now, there isn't really any established support, though, on the way down. Although 765 will be on the radar, the SPY had a slight intraday reaction close to there today. But if the SPY can continue breaking out, and it can blast above the all-time high at $773.41, don't be surprised if it keeps ripping. And some good targets to the upside could be 775 as a first initial resistance, and then $780 after that, which is a good whole dollar level. [00:06:11] Speaker 1: Very nice. And then tomorrow, 30 minutes after the market opens, ISM Services PMI data will release. Sometimes this can add some extra volatility, but really, the big event scheduled for this week will be the jobs report on Friday, one hour before open. We'll talk more about this tomorrow, but just wanted to give you a heads up. But besides that, Tom, let's get right to the good stuff, which are some setups and predictions. The ticker symbol WHR is close on the radar. This was a big money trade from around a month ago. It's a $990,000 trade. It's now up 50%, and it's bouncing to the upside with some pretty good momentum. The trader here bought the 50 strike call options that expire on January 15th of 2027. The stock was in its largest drawdown in its 58-year history, so it was kind of a broader buy-the-dip style trade. And the stock is still down massively from its highs. Now that we are seeing this shift in risk sentiment, I wouldn't be surprised if more investors came in to buy this dip up. It's close on the radar, and it has a lot of good momentum in the short term. Even with falling initially on its earnings report, it's definitely close on the radar. [00:07:26] Speaker 2: Yeah, this is a very interesting setup with WHR. That support zone down there, close to $36 to $37, is huge. I'll be watching it like a hawk, Mike. With my first play, I'm looking at Snapchat to the upside. And I know that SpaceX and AMD kind of stole the thunder with earnings over the past couple days, and especially Palantir, too. But Snapchat had a pretty good report last night. Revenue was up year over year, and they beat on EPS and revenue expectations while narrowing their loss to $0.10 per share over a $0.16 per share loss a year earlier. And their CEO said that we grew revenue by 19%, expanded margins, and generated positive free cash flow while improving advertising performance and rapidly growing our direct revenue business. Now, Snapchat is another stock that has been down over the past few years. Snapchat's highs in 2024 were up around $17.80 to $17. That is a huge level and very far away from where we are down here at $5.79. But I could see the recent high around $6.35 coming into play, and then Snapchat eventually coming up to test critical resistance at $7 over the next couple of weeks to next couple of months. Keep Snapchat on the radar. It's definitely moving a lot in the short term. [00:08:43] Speaker 1: Very interesting. Another stock that's close on watch is UGA. Markets are expecting the straight to open up. If reality doesn't end up playing out like that, UGA might have more to gain as it tracks gas prices. Again, the market is highly optimistic right now, which, you know, if it ends up that way, then, you know, that's great. But if it doesn't, then this might not be the bottom for energy. So UGA, XLE, USO, CRAK, and energy in general is still close on the radar. And XLE held up very well today, even with the negative news. [00:09:22] Speaker 2: Yeah, I had a great comeback there after the market opened. I'll be watching it closely. I know that the Iran situation, they keep saying that a deal's done, but it seems like it never is really happening. With my next play, I'm looking at IGV and software stocks like Oracle back to the upside. IGV had a great upside move today. I know I called these stocks out yesterday, and I'm watching them yet again. If I can see IGV break its high of day around 102.40, I will be looking for another good upside move, just like what we saw here today. If we go to a daily chart, you can see this software has pulled back a lot over the past year. But over the past couple to few months, it's been coming back to the upside in a pretty solid way. If we go look at Oracle, Oracle is down a lot from its high here at $250 in 2026. And it actually is all the way down to $145 now and starting to bounce back. And something that's interesting with Oracle is that the risk of default has soared to its highest level in history, surpassing the peak of the global financial crisis. Oracle has had high capital expenditures recently as they're building out for AI, and investors are now more concerned about Oracle now than ever. So I'll be watching Oracle closely. Obviously, the default news isn't the best, but these software stocks could start coming up off of their dips, especially a short start to cover, too. [00:10:40] Speaker 1: Yeah, software was one of the leading areas of the market today, and investors have expected a lot of disruption to happen in that industry. But yeah, they are roaring strongly. But Tom, let's jump right into today's momentum plays. With the first one, we have Navita Semiconductor, ticker symbol NVTS, to the upside. [00:11:00] Speaker 2: Yeah, Navita's had a great comeback today. If it can break out above $12.85, watch it up again tomorrow. [00:11:06] Speaker 1: With the next one, we have Uranium Energy Corp, ticker symbol UEC, also to the upside. [00:11:11] Speaker 2: Yeah, if UEC can break out above $10.82 at its high of the day, then also watch UEC to the upside. It closed up over 5%. [00:11:20] Speaker 1: And then with the last one, we have Chevron, ticker symbol CVX, to the downside. [00:11:25] Speaker 2: Yeah, as we know, oil and energy has been crazy. If CVX ends up breaking under its 190 support and falls under 189, then watch it to the downside. [00:11:35] Speaker 1: These three stocks are on the radar for potential continuations tomorrow, if and only if they break through the levels listed. These stocks are volatile, so always protect yourself, use stop losses, and focus on making smart, disciplined trading decisions above all else. Besides that, Tom, let's jump right into today's $725,000 big money trade. Today, we are looking at ticker symbol AG. The trader here bought the 17 strike call options that expire on September 18th of 2026. Ticker symbol AG is a Canadian silver mining company. The price of silver has increased dramatically over the past year, increasing margins for mining companies in general. And the optimism related to the latest U.S.-Iran war developments also led rates to fall today, which is helping boost gold and silver prices. These calls are at the money and have roughly 45 days left until expiration. So this trader is expecting a move relatively soon. [00:12:38] Speaker 2: Yeah, AG is actually bouncing off of a major zone of support as well, going all the way back to October of 2025, where AG peaked out right around $15 to $16 is this range. And we've seen multiple bounces off of this area, of course, over 2026, but also throughout the end of 2025 as well as it started to break out through that zone. It's good to see it holding here. And something else that's another good technical setup with AG is that it's been downtrending. But something that we can see in the short term is that it's starting to actually break out of that downtrend. And it's not only breaking out of it, it's actually confirming off of it as well. So this is a really good technical sign for AG back to the upside in the short term. And I did notice that gold and silver have been starting to come back to GLD has been in a massive downtrend and is starting to hold the base. And even SLV is holding its base down around $50 in a great way. So keep gold, silver, and especially AG on the radar. Very interesting big money trade. And like Mike said, there's not a lot of time. So the trade should play out pretty quickly. And I wouldn't be surprised if it does based on the setup. [00:13:48] Speaker 1: Yeah, so let's keep it close on the radar. And let's also give a giant shout out to today's member of the day, Critical, in the Stocked Up Discord group, who said they made over $10,000 in the past two months with the group. Huge shout out to you, Critical. It's awesome to hear that. And keep on rolling. It was a crazy day in the Profits channel today. So shout outs all around. If you guys are into short term trading, make sure to check out that first link in the description and comments down below too. The SurgeBot had a pretty crazy day with four trades with over 100% moves. The top one was the Palantir calls that moved up by 319%. The AVGO calls also moved up by 161%. There were a handful of other good trades and a few duds as well. You get full access to the daily big money trades, tools to see which traders are still in their trades, the best performing trades. You can join our weekly live events, chat with Tom and myself all day long, access a bunch of other tools, resources, education, and all of the new things we were adding. Coupon code BIGMONEY will give you access to the trading floor with a nice discount. So definitely check that out. It'll be that first link in the description and comments down below. Besides that, thank you guys so much for watching and let's crush it in the market tomorrow.