🐳 WhalePool Traders Journal
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#USMarketUpdate
Stocks fall as traders monitor Iran; Sandisk shares drop:

Live updates

Stocks were lower on Thursday as traders kept an eye on the Middle East, with a deal to reopen the key Strait of Hormuz in the works, and weighed a slew of corporate earnings releases.



https://www.cnbc.com/2026/08/05/stock-market-today-live-updates.html?__source=androidappshare
#Earnings live updates:
Airbnb stock surges after company touts 'strongest results in years'

Live updates

Earnings continue to roll in, driving the stock market to new highs.

The latest reports from Datadog (DDOG), AMD (AMD), Sandisk (SNDK), and Western Digital (WDC) suggest some profit-taking on Wall Street, as robust earnings and raised guidance haven't been enough to stanch post-earnings sell-offs after those stocks made huge gains so far this year..

https://finance.yahoo.com/markets/live/earnings-live-updates-130425228.html
Tech stocks today:
SpaceX lockup ends, Google faces AI leadership shakeup

Live updates

Tech stocks were mixed Thursday, as one of SpaceX' (SPCX) planned lockup periods ended, making roughly 900 million shares held by employees and early investors available to trade.
SpaceX stock rose more than 6% on the day, following several down sessions.
On the AI front (GOOGGOOGL) on Wednesday announced it is shaking up its AI leadership..

https://finance.yahoo.com/technology/live/tech-stocks-today-spacex-lockup-ends-google-faces-ai-leadership-shakeup-140419479.html
#Soloway

The memory trade is unwinding. SanDisk and Western Digital both collapsed on earnings that showed real growth but missed the bar, dragging Micron, SK Hynix, and Seagate with them. The Nasdaq is getting hit while the Dow holds up as money rotates defensive β€” and Gareth points out Nvidia, at roughly a 20 PE, is now the safe haven. On today's Trading Game Plan, he separates day-trade levels from swing levels on every casualty, and explains why crazy analyst upgrades were the top signal all along.

πŸ“ TODAY'S GAME PLAN

πŸ”΄ SNDK β€” A mammoth decline near yesterday's after-hours lows. Gareth flags an aggressive day-trade zone at the pivot lows, but his real swing level sits far lower at a prior pivot high, and he notes a fifth trend-line touch usually means a small bounce then a breakdown.
πŸ”΄ WDC β€” Nasty drop from roughly $520 to $440. Day trade only at the $420 pivot low, a technical double bottom. His swing level is the $300–$305 zone where February and March pivot highs meet a descending trend line.
πŸ”΅ SPY / QQQ β€” The S&P rejected at the resistance he flagged yesterday and now that level flips to key support; below it, $7,375 is the retest zone. The Nasdaq ground steadily lower, decidedly weaker than the S&P.
🟒 NVDA β€” The defensive chip. At roughly a 20 PE it is catching the money leaving the high-growth memory names, and it is green while the group bleeds.
πŸ”΄ CELH β€” Celsius crushed on weak numbers and guidance. Gareth eyes $22.75 where a gap fill, double bottom, and descending trend line converge β€” enough multi-factor support for a swing.
πŸ”΄ DDOG β€” Datadog clobbered from the highs. First day-trade level is the $221 gap fill; the prior pivot high interests him for a swing, but a huge unfilled gap near $145 keeps him from holding it long term.
πŸ”΄ APP β€” AppLovin already filled its gap near $300 pre-market, his day-trade level. A large head-and-shoulders has triggered and is playing out; the beautiful swing level is the gap near $171.
πŸ”΅ 10-YR YIELD β€” Yields tick above 4.6% as stocks slip. Jobless claims near 199,000 is historically strong, and September hike odds sit only a little above 50%.
πŸ”΅ GOLD β€” Pausing after yesterday's dramatic breakout, which Gareth says is normal. He compares it to the 1980 cycle, where price broke a similar wedge then drifted before the next major leg up.
πŸ”΄ SILVER β€” Rejected at resistance exactly as called, and stays weak until it clears $64.
πŸ”΅ US OIL / NATGAS β€” Oil up fractionally on Hormuz deal chatter that may not even involve the US; Gareth is on the sidelines. Natural gas grinds toward the $2.57 trend line he wants.
πŸ”΅ BITCOIN β€” Closed above the breakout level yesterday but is not confirming today, slipping near $64,200. It has to hold $64,000 to keep confirmation alive.

πŸ”‘ KEY TAKEAWAY: Emotional analyst upgrades are a top signal. When firms were slapping $3,000-plus targets on these memory names, that was the extreme β€” Gareth treats those upgrades as an inverse indicator, and today's collapse is the result.

⏱ TIMESTAMPS (estimated)
00:00​ Memory Earnings Slam the Nasdaq
02:30​ S&P and Nasdaq: Rejection at Resistance
06:00​ Jobless Claims and September Hike Odds
09:00​ Western Digital: Day Trade vs Swing Levels
14:00​ SanDisk: Why the Fifth Touch Matters
18:00​ Nvidia Becomes the Defensive Chip
21:00​ Celsius and Datadog Levels
26:00​ AppLovin: Head and Shoulders Playing Out
30:00​ Gold Pauses, Silver Rejected
34:00​ Oil, Natural Gas, and the Midterm Angle
37:00​ Bitcoin Fails to Confirm
39:00​ Wrap-Up

@verifiedinvesting
@garethsolowayprotrader

#StockMarket​ #Trading​ #Semiconductors​ #Chips​ #Nvidia​ #Gold​ #Silver​ #Bitcoin​ #AppLovin​ #Datadog​ #Earnings​ #DayTrading​ #Investing​

https://www.youtube.com/live/ZvpWQ5j8UO8?is=Z8ZA5VNyX6pO8ou8
#USMarketUpdate
Stocks close lower as investors eye Mideast talks, earnings | Reuters

SUMMARY
Software stocks weighed down by AppLovin, Datadog resultsSpaceX finds footing as investors eye lockup expiryKey nonfarm payrolls data due on FridayIndexes off: Dow 0.85%, S&P 500 0.18%, Nasdaq 0.06%

NEW YORK, Aug 6 (Reuters) - U.S. stocks finished the trading session lower on Thursday, pausing ​after a strong start to the week, as investors digested the latest round of corporate earnings and looked for signs of progress β€Œtoward a peace deal between the U.S. and Iran.

A robust earnings season, which has tempered some concerns about the massive spending by AI-related companies, and growing optimism over the potential end of hostilities in the Iran war helped propel both the Dow Industrials and S&P 500 to record highs earlier this week.

Oil prices rose, with U.S. crude settling up 2.75% ​at $77.29 a barrel and Brent settling at $82.49 per barrel, up 3.83%. Iran's semi-official Fars news agency reported that an Iranian parliamentary committee is ​reviewing a preliminary bill that would bar U.S., Israeli and other "hostile" vessels from transiting the Strait of Hormuz.

https://www.reuters.com/business/retail-consumer/sp-500-dow-futures-steady-mideast-deal-focus-chips-stumble-2026-08-06/

Dow, S&P slip as investors eye Middle East talks, earnings
https://www.straitstimes.com/business/companies-markets/dow-sp-slip-as-investors-eye-mideast-talks-earnings