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Ricky with Tech Solutions provides a quick market update. Alphabet, the world's second largest company, reports earnings after market close alongside ARM, Qualcomm, Snapchat, ALF. If video gets over 1000 likes, he'll host a free YouTube live stream of Google's earnings; subscribe for notifications. Google down 2%, overall markets down, NASDAQ down 1.72%.
Markets testing significant support at 600, considered a pullback not a full selloff. Hit highs of 4643, now down 5.76% from previous highs, enough to spook people. Markets more bullish than bearish long-term. Overbought/oversold levels explain moments like this. LPP team prepared for pullbacks at overbought levels near previous resistance. Now oversold, be cautious on shorts. In live trading session, advised: be cautious, short if market direction and sentiment favor it but have experience; if direction turns against you or shows support signs, cash out. Avoid becoming MSTR bag holders down 65-70%. When in doubt, cash out. Markets more bullish than bearish, especially with Magnificent 7 earnings.
Earnings Volatility Advice
Volatility expected. Alphabet $4 trillion market cap; poor earnings or guidance drags market down regardless of personal investment. Strong results could recover market. For beginners: keep it simple, avoid open positions during major earnings to limit risk.
AMD down 16% (hit 20% at one point), lows of 200, could drop more. Not performing well technically, from highs of 267, approaching previous support. Patterns repeat but not always. Offers exclusive AMD video on fundamentals and financials using Investing Pro if requested (comment and subscribe).
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