URGENT: MICHAEL SAYLOR HAS LOST $10 BILLION IN BITCOIN...
These notes were generated by AI and may contain inaccuracies.
Markets are in the green nearly 1% despite yesterday's sell-off due to Trump's tariffs and potential tensions between Iran and the US. Those issues persist, but markets are pumping. Buy into this rally if you think markets will naturally recover, but remember markets often push up irrationally just to give it back, especially if sentiment and news haven't changed. Tomorrow, Nvidia reports earnings after markets close—comment if you'd like a free live stream on YouTube.
AMD is up 11.27% in pre-market after a $100 billion AI chip deal with Meta, strengthening its position against Nvidia. AMD gapped up to highs of $227 per share from lows of $196. Speaker's daughter is invested in AMD. This is a positive catalyst but not the main reason to buy AMD long-term—catalysts are often short-lived amid market fear. People are taking profits to derisk or due to 'buy the rumor, sell the news.' AMD is now up 7.78% and could continue upticking if market conditions support it. If NASDAQ curls over into the red, AMD will likely sell off as investors take profits. A beautiful overbought reversal is forming.
Tariffs remain a concern—China threatens 500% tariffs on US goods if US imposes tariffs on Chinese goods. US-China tensions continue. Markets dislike uncertainty; threatened tariffs inject fear, causing drops.
MSTR (MicroStrategy) is affected as Bitcoin price falls with lower highs and lower lows, testing major resistance. Bitcoin may get rejected like last time for another leg down or break above the EMA on the 30-minute timeframe. Speaker doesn't trade Bitcoin or believe in it but trades (shorts) MSTR. If Bitcoin gets rejected, short MSTR on overbought reversal since MSTR drops with Bitcoin.
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