BAD NEWS: LOOKS LIKE WE ARE ABOUT TO DROP LOWER...
These notes were generated by AI and may contain inaccuracies.
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.
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.
Markets often recover. Encourage beginners to avoid riskier trades, focus on bigger picture instead of daily trades. Do you believe markets will recover? Buy the dip in Mag 7 or others meeting criteria?
Create plan of action now: select 1-3 companies to invest in if recovery starts. Know exactly what to do. Prepare rather than be surprised. Ask what stocks/markets need to do to initiate a buy, based on your criteria. Share thoughts in comments: which company to invest in, or markets sell off further? Price targets for Meta at 635 (500s or 400 possible)? Microsoft at 394 from 550 highs (350 or 300 lows)?
Friday: PCE report and restart of Trump's tariff decision, bringing uncertainty and volatility. Be more calculated or stay cash for bigger moves. If tariffs deemed illegal, US pays back $30 billion in tariff revenue, might devastate economy. Trump said might not pay back. Likely push it back.
US-Iran tensions: seem cooling but posts suggest otherwise. Conflict like attack or war injects fear, more sell-offs, investors derisk.
Excited to follow up with big names reporting earnings. Watch live trading via second link in description. End year on green note.
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