Good morning, traders. Futures are pointing higher this Wednesday as optimism around a potential U.S.-Iran peace deal sends oil lower and risk assets higher. But let us talk about the real story moving markets this morning: Intel is up over 6% premarket on reports that Apple is exploring using Intel chips for U.S. devices.

Market Setup

S&P 500 futures are climbing about 0.9% as I write this, building on Tuesday momentum when the Nasdaq, S&P 500, and Russell 2000 all closed at fresh records. That is right—all three hit new highs yesterday. The catalyst? Easing oil prices and solid corporate earnings.

Oil is pulling back sharply on reports that the U.S. and Iran are nearing an agreement to end the conflict. This is exactly the kind of headline that can move markets fast, so keep one eye on the energy sector and the broader indices today.

Buzz Watchlist

INTC — Intel Corporation

This is the ticker everyone is watching. Bloomberg reports Apple is in preliminary talks with Intel about fabricating processors for its U.S. product lineup. INTC is up 6.4% premarket, extending what is already been a massive run—the stock surged 114% last month alone.

I am watching the 00 psychological level. If Intel can hold above it through the morning, we could see continued momentum. Support sits around yesterday close near 3. This is a momentum play with real catalyst behind it, but remember: rumors can reverse quickly if Apple walks this back.

BA — The Boeing Company

I noted congressional interest yesterday, and it caught my eye again this morning. According to Capitol Trades filings, Representative Maria Elvira Salazar bought significant Boeing positions—5K-0K worth at 01.18—just recently. She also added to CSCO and AMGN positions.

Boeing is trading around 01. I am watching the 200-day moving average at 19 as overhead resistance. With geopolitical risk potentially easing (Iran deal) and insiders showing interest, BA is on my radar for a potential bounce play.

DIS — Walt Disney Company

Disney reported earnings after the bell Tuesday and beat expectations handily: .57 EPS vs. .51 expected, with revenue up 7% to 5.2 billion. Both segments beat. This is the kind of beat that can carry momentum into the trading day.

I am watching premarket action to see if Disney holds gains. The 10 level has been stubborn resistance—if we break above with volume, there is room to run.

Buzz Game Plan

Yesterday I sat on the sidelines. Sometimes the best trade is no trade, and with records being set across the board, I did not see an asymmetric setup I loved.

Today I am watching INTC for a potential entry if it pulls back from premarket highs but holds above 5. Chasing a 6% gap up is risky, but there might be a dip-buy opportunity in the first hour.

I am also keeping cash ready. Earnings season is not over, and we are one headline away from volatility. With the market at all-time highs, I am more interested in preserving capital than FOMO-ing into every breakout.

The Bottom Line

Markets want to go higher. That is the message from three indices hitting record highs yesterday. But remember: when everyone is bullish, that is when you get cautious. Intel Apple rumor is real news with real implications. The Iran deal optimism could fade just as fast as it appeared.

Trade what you see, not what you hope for.

⚠️ Disclaimer: This content is for educational and entertainment purposes only. It is not financial advice. Trading involves substantial risk of loss. Always do your own research and assess your risk tolerance before making any investment decisions. Past performance does not guarantee future results.