BAD NEWS: LOOKS LIKE WE ARE ABOUT TO DROP LOWER...

MSTZ Trading Recap00:00

Ricky with Techut Solutions recapped his MSTZ trades. MSTZ is the inverse ETF for MSTR, going up 2x as MSTR sells off. Took profits on the original push up showing lack of progress. It sold off and retested previous support range. Today, bought into the lows simply. It retested previous highs, got rejected, tested previous lows, added more as reversal confirmed, ended the day at $8,700. Money could have been made on both sides. Went long on MSTZ, but MSTR had oversold reversals from lows to highs. Now testing previous lows.

BTC looks incredibly weak with lower lows and lower highs. Excited for another leg down to 65k lows to instill fear in crypto market. Bitcoin sell-off makes MSTR sell off faster.

Earnings and Market Retracements01:30

Palo Alto (PANW, not PNW) reported earnings today, saw 8-12% downturn in extended hours. Stock on decent retracement with consistent lower highs and lower lows, testing lows of 149. On larger time frames like daily chart, considering buying dips on oversold companies if markets go higher this year. Palo Alto is an example, not focused on it.

Magnificent 7 companies:

• Microsoft: down 28% from previous all-time highs.
• Amazon: down around 19% from previous highs.
• Meta: down about 20% from highs of 795, currently at 635.

Avoid super speculative stocks like MSTR, Opendoor if markets downturn further, as they crash harder. Speculative stocks supported irrational valuations in irrational markets, see hardest retracements in uncertainty.