OP Wire 4/7 (OP – Lite)

OptionsPlayers Market Update: Futures Slump, Recession Fears Rise, and More Tariff Turmoil

Good morning traders. We’ve got a critical week ahead.

U.S. stock futures are sliding again Monday morning, adding more pressure after last week’s historic two-day market rout. The S&P 500 futures are down 26 points (0.5%), Nasdaq 100 futures fell 123 points (0.6%), and Dow futures are lower by 123 points (0.3%).

President Trump doubled down on his global tariff plans, stating Sunday that tariffs are “the only way to cure” America’s trade deficit—leaving no signs of softening despite escalating backlash. As fears of a global economic slowdown grow, Goldman Sachs raised the odds of a 2025 U.S. recession to 45% (up from 35% last week), citing tightening financial conditions, foreign boycotts, and a dramatic spike in uncertainty.

The Numbers Don’t Lie:

• Dow Jones lost over 3,000 points across two sessions last week
• S&P 500 down 10% in 48 hours
• Nasdaq officially in a bear market, down over 22% from highs

Retaliation Is Here:
Late last week, China announced 34% tariffs on all U.S. imports. The European Union is next, preparing 20% reciprocal tariffs on almost all U.S. exports starting Wednesday, targeting $28 billion worth of goods. EU central bankers warn this could slash Eurozone growth by 0.3 to 0.5%, adding more pressure to global markets.

Apple’s Tariff Nightmare
Apple (AAPL) has lost $450 billion in market cap in just days. With 90% of iPhones assembled in China, the tariffs (now 54% on China and 32% on Taiwan) are crushing the company. Analysts call this “economic Armageddon” for Apple. AAPL closed Friday under $200, and Wedbush cut its target from $325 to $250.

Banking Stocks Buckle Banks are taking a beating. Europe’s major banks (Deutsche Bank, Santander, HSBC) dropped 6–10%, while U.S. giants like JPMorgan, Goldman Sachs, and Morgan Stanley sank more than 7% each last Friday alone.

Crude Collapses
Oil prices hit 4-year lows. Both WTI and Brent lost over 10% last week, and Goldman now expects Brent to average $69/barrel and WTI $66/barrel in 2025. OPEC+ plans to increase output, worsening sentiment.

Tech and Index Breakdown
The $QQQ tech index is clinging to the $400 level, a critical long-term directional pivot. If this support fails, look for the next liquidity zone between $360–$340. To reverse trend, bulls must reclaim the gap between $450–$440, then target resistance at $460–466, and the 200-day moving average at $492–494.

NQ Index Watch
Last week’s failed bounce at 19350 led to a sharp sell-off that bottomed at 17387.5. Focus now is on how price reacts to 19400 and the weekly low. Continued selling could push us down to 17000, 16800 (5-yr VPOC), or even 16550. If support holds, upside targets include 18000 and 18600.

Forward PE Standouts:

• PYPL – 10x
• TGT – 9x
• BABA – 11x
• DIS – 14x
• QCOM – 9x
• MU – 8x
• BIDU – 8x

Economic Data to Watch:

• Wednesday: FOMC Minutes
• Thursday: CPI
• Friday: PPI, Michigan Consumer Sentiment
• Friday Earnings: JPM, WFC

Live Market Analysis – Open to All
OptionsPlayers will be hosting a special live market analysis session open to everyone in just a few days. We’ll break down the charts, the news, and how to trade in this high-volatility environment. Stay tuned for the invite—don’t miss it.

We’ll see you all in chat. Stack your gains.

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If you want to get the plays of the day then signup for Gold, and get a FREE TRIAL