WARNING: STRATEGY IS ABOUT TO REPORT A $17 BILLION LOSS...
These notes were generated by AI and may contain inaccuracies.
Fear and panic are being driven into the market. JOLTS job openings came in lower than expected, which is not bullish for the market. Initial unemployment claims came in higher than expected for the first time. Continuing claims came in lower than forecasted but higher than the previous. The labor market remains a concern.
Amazon is reporting earnings today as one of the Magnificent 7 stocks. Earnings per share expectation: $1.96. Revenue expected: $21 billion. Concern over recent layoffs and potential lower guidance for 2026. Many Magnificent 7 companies are destroying or exceeding guidance, but Amazon is different. Amazon prints a lot of money but is trimming its workforce significantly. Are they expecting consumer spending to drop? Amazon is down 3.6% today, showing bearish movement, rejected by the moving average. Trading at $224, previous highs around $250. NASDAQ hit lows of 594 to 600.
Crypto hit lows of $66,700. BTC currently at $67,900, showing lower lows and lower highs. Pullback happening around the Super Bowl. Weeble app now allows predictions on the big game (Seattle vs. New England). To place predictions: click markets tab, then big game, select pro football championship. Weeble offers $5 trading voucher for sign-ups (first link in description).
MSTR (MicroStrategy), a Bitcoin treasury company and short candidate, dropped from $543 to lows of $100 per share. Reports earnings after the bell: expected loss less than 8 cents per share, revenue $118 million. Fundamentally loses $400-500 million annually in its software business. Michael Saylor dilutes investors by issuing more shares, borrows against them at 0% interest, and buys Bitcoin. Bought at overbought levels, now holdings are in the red. Expected to report $17 billion in unrealized losses. This could spook investors, especially since broader markets (NASDAQ, S&P 500) remain bullish.
Overleveraging at overbought levels leads to uncontrollable losses during retraces. Binance users struggling to withdraw funds, reminiscent of FTX scandal. Platforms offer up to 40x leverage, causing high liquidations on 5-10-20% pullbacks—traders are margin called. Advice: get money out of Binance. Andrew Tate predicts Bitcoin to $26,000. Donald Trump's World Liberty Financial sold $5 million Bitcoin. Ethereum creator dumping Ethereum. Michael Saylor lost $6 billion in the dot-com bubble and $8 billion in one day from Bitcoin.
Markets experienced a nice pullback to oversold levels based on previous patterns. Tend to recover more often than go lower. Recent fear caused retrace, presenting deals. Watching Amazon for potential buy if it sells off. Likes buying quality companies like AMD, PayPal (looks oversold technically). Challenge: keep cash available by not overleveraging at overbought levels. Prepare for downside risk to buy deals without getting liquidated. Build healthy habits with LVP (second link in description). End the year on a green note.
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