U.S. Treasury says it cannot bail out Bitcoin...
These notes were generated by AI and may contain inaccuracies.
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).
Bought small AMD positions ($1200-$1800 worth) for 4-year-old daughter's and 3-month-old son's investment accounts managed by financial advisor. Doesn't expect quick recovery, small exposure as a deal in quality long-term growth company. Concerned about high PE ratio. Added other dropped quality companies like Disney for fun, long-term play kids can relate to as they grow.
Speculative stocks and assets destroyed: Oklo down 14%, BMNR down 7.7%, Carvana down 7.3%, Micron down 9%, SanDisk down 11.8%, MSTR new 52-week lows down 6.8-8%.
Calls out fundamentally overvalued stocks that have crashed: Oklo, NBIS, MSTR, previously PLTR (now leaves alone as Wall Street favorite with consistent growth, revenue, price performance; can't compare hype to MSTR). Tesla example: fundamentally overvalued (should trade closer to $200 or sub-200 vs $400-500), but technically performing well.
MSTR fundamentally terrible business, reporting earnings tomorrow with possible $17 billion unrealized losses, down over 70% from all-time highs, approaching $100/share (below average MSTR holdings price). Excited to see crappy hyped companies fall. Loves businesses that earn success fundamentally. MSTR gimmick/Ponzi: takes investor money, borrows against shareholders, dilutes, buys Bitcoin at 0% interest.
Why buy MSTR instead of direct Bitcoin or 1:1 spot ETF?
Hype drove parabolic rise; now down 70-75%, exposing issues. Calls out BS like GameStop, SMCI, MSTR at all-time highs. Sheds light on downside risk for beginners. Not for pure hype/upside talk; realist on risks. Bitcoin about to make new lows.
Hope to see for Google's earnings (thumbs up, subscribe). Goes live every morning at market open for trading session (second link in description). End the year ponino.
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