13 Green Days, One Blocked Strait, and the Word 'Generational' Is Flying Around Again
Social sentiment is buzzing around QQQ, RUT, and oil plays as geopolitical risk meets historic market momentum
Ticker Ratings
Thirteen consecutive green days on the NASDAQ. That's not a typo. YouTube's The Traveling Trader flagged it as one of the best runs in market history — then immediately hit the panic button. Iran rejected a second round of peace talks, the Strait of Hormuz remains in a geopolitical limbo between moderate negotiators and IRGC hardliners, and former Defense Secretary Esper is on record saying a deal within 48-72 hours is basically fantasy. Meanwhile, Brent crude is sitting around $90 and global airline capacity for May has already been cut by roughly 3%.
Here's the contrarian spice: historical midterm year data since WWII shows median 12-month forward returns of 40% from the bottom — with a perfect record, zero exceptions. The Traveling Trader specifically flagged a double-dip pattern from 2010 and 2018 as the likely playbook, suggesting $QQQ and $IWM may retest lows before the real rip. TheChartGuys back this up, calling out weak selling pressure across $IWM with buyers actively scouting higher lows.
Geopolitical chaos with a historically perfect bull setup on the other side — that's either the setup of the decade or the oldest trap in the book. History says buy the dip. Iran says hold your breath.