Thomas Jastrzab, CAIA

Aerospace and defense stocks $GD, $LMT, $NOC are each up over 1% amid reports of rising tensions in the Middle East. Brent Crude #oil prices have surged as much as 5% following a fire breaking out after #Iran drones hit UAE's Fujiarah oil site per @FirstSquawk & @DeItaone.

#Earnings Alert: $AMZN up 1% ahead of earnings. Conference call at 5:30 pm EST. $GOOGL flat ahead of earnings. Conference call at 4:30 pm EST. $META flat ahead of earnings. Conference call at 5:30 pm EST. $MSFT declining 1% ahead of earnings. Conference call at 5:30 pm EST.

The U.S. equity markets are having a difficult day. But still probably better than the day Pauk Skenes had so far. But sure enough, better days will be ahead.

Don’t start trading unless you’re willing to go through a brutal learning curve for at least a year.

@GassionGreta Greta, sorry to hear about your friend's daughter. You taught her about risk management, which is great. Unfortunately, we often have to experience pain from poor risk management for the lesson to fully sink in.

A friend of mine's daughter wants to learn to trade. I held a two-hour Zoom session with her last week and warned her to avoid stocks $<10, explained about position size, telling her no more than 5% in any stock. Today she tells me she bought a 50% position in $MGN yesterday.

@EricBalchunas Eric, thanks for sharing! Interesting context. Would love to see this broken down further into global vs. primarily domestic stock markets, level of market regulation and mix of public/private companies for largest 20/50 companies by revenue.

Brown-Forman is trading more than 9% below its intraday high as the overall market sinks. $BF.B surged early in the trading session on reports from Bloomberg that the company could be acquired by Pernod Ricard.

Nasdaq losses widen to 2%+. $NVDA, $META $GOOGL among the weakest performing heavy weights in the $QQQ.

Sector ETFs for energy $XLE, financials $XLF, consumer staples $XLP, health care $XLV, communications $XLC holding up better than index ETFs S&P 500 $SPY, Nasdaq , $QQQ and Russell $IWM.

@TradingComposur Spot on. We only trade well when we consistently follow our rules and stick with our long-term probabalistic edge. Which can mean doing nothing for long periods of time.

Don't focus on making back your losses. Focus on trading well. Always.

$WING trying to find a bottom as March Madness kicks into high gear & #MLB opening day is quickly approaching. Over the past decade, #Wingstop rose 90% of the time from Mar. 18-May 4, posting avg. profits of 21.1% and med. gains of 12%, according to Seasonality.ai data.

MU Gains Ahead of Earnings $MU rises 1% pre-earnings, outperforming as $SPY, $QQQ, $IWM, and $DIA drop 1%+. Micron reports after the close, with its call at 4:30 PM ET. Investors are watching guidance and AI memory demand trends.

The difference between winning and losing traders isn't the complete absence of fear, but the ability to execute your plan anyway.

NVDA Fails to Reclaim 50-Day $NVDA is struggling to reclaim its 50-day SMA. If momentum doesn’t return soon, traders will shift focus to whether Nvidia can hold its 200-day SMA. A break below could accelerate selling, leading $QQQ and $SPY toward tests of their own 200-day SMAs.

AXP Tests 500-Day SMA $AXP is testing its 500-day SMA. If this support holds, shares could rebound toward resistance at the 200-day & 50-day SMAs, with additional hurdles near $331 & $376. A break below $290 may send the stock lower, where bulls may look to buy dips near $252.

Ecolab Tests Key 200-Day Support $ECL is testing support at its 200-day SMA. A successful defense could see rallies face resistance near the 50-day SMA, $286, and $308. If the 200-day fails, bulls may look to buy weakness closer to the 500-day SMA and the $252 support area.

$ULTA testing its 200-day SMA after plunging more than 10% post earnings. Rival $ELF appears to be finding its footing after falling more than 20% from late February highs.

$ADBE falling ahead of earnings. Earnings call scheduled for 5:00 PM EST.

Energy Stocks Buck Market Selloff Energy shares are showing relative strength on a weak day for stocks. $XLE is up 2%+ while major index ETFs $IWM, $QQQ, $SPY & $DIA are each down 1%+. Meanwhile, $OXY, $PSX, $MPC, $CVX, $VLO & $COP are all rallying 3%+ as oil-linked names jump.

$DIA and $IWM are declining the most among major U.S. equity ETFs, with each falling at least 0.7%. $QQQ is holding up the best, sliding less than 0.3%.