Transcription
This could be the most important week that we've seen in over 6 years in markets. And whether you're a trader or an investor, you have to be paying attention to what Wall Street is doing right now, collapsing big tech stocks. But could the first touch tell us a lot about whether we're going to enter into a further correction? And what's happening in semiconductors that's a little unusual?
In today's special weekend edition, we take a look at oil, gold, everything to do with bonds, and of course, big debts. Because guys, things are starting to be shaken up big time when it comes to these markets. Whether you love stocks, commodities, or cryptos, you're sure to enjoy this show. We'll see you very soon right after this.
Well, welcome back everybody to one of the largest daily shows on the planet, thanks to you guys when it comes to everything to do with markets. Today we need to discuss the latest in macro for the week ahead. Of course, big earnings from the street and yes, you can believe it, some big dark pull transactions coming through again at key levels.
This week was big because we saw Magnificent 7 stocks get collapsed upon, particularly Google, Amazon and Meta and Tesla fell so much. I mean, you saw their 17% but it was over 200 plus billion dollars of market capitalization gone just like that. But what could the options market tell us? Well, as you guys know, we're all about price action, data, and flows. Do what they're doing, not what they're saying. If that sounds good to you, remember, subscribe and smash the alert button if you like what you're seeing so far. It's great to have you here, and we all love markets together.
Let's begin though with talking about sentiment because guys, this is where things change so quickly in 2026. And it just seems like the news engines and social media is working so quickly. Remember, we don't want to have fear. We don't want to have FOMO. We want to try to get to that indifference level. But I can tell you what, according to the latest data here from the double AI members surveys, that is not the way we are seeing it right now. It is totally different to what we've had in the past, moving from a pretty bullish read just a few weeks ago to now a significantly bearish read, as 42.3% of people turn bearish and only 30% less than 30% are now bullish according to the latest survey results.
So guys, as we know in 2026, it seems to be the time of weekends. It's one of the reasons we create these shows because of course it's so important to stay on top of the information, but more importantly the flows even through the weekends. Now, one of the big things here that happened already this weekend was that Jensen, yes, the Nvidia CEO has now gone over onto X and created an account. So, if you're interested in following Jensen, also follow us in the links in the description down below. And make sure to uh follow because he's already got almost a million subs, if you can believe it. So, sure to be some big announcements coming from there.
Speaking of big announcements, Nvidia and SK Group unveil a $500 billion another data center, guys. And this is of course thanks to Reuters. And overall, this is just really telling us more of the same thing. Continue the capex spend whenever possible. But even last week, we actually saw Palunteer get a $7 billion contract, 10-year contract from, I think, the Pentagon. And that didn't really do anything. In fact, Oracle has continued to fall lower, and now it's down, I think, 68% from its peak. So, what exactly is going on? And these markets are freaking out in certain areas and the bonds are starting to wake up. So this is very important. If you know anything about markets, you would know debt and bonds usually tells us really whether we need to be panicking. Is that the case right now?
Let's talk about the first touch because I think a lot of people are missing this when it comes to everybody talking about breakdowns and how the market's about to collapse. Remember, we're not even 10% down on the NASDAQ just yet. So, we're not quite into that corrective territory and we're certainly not in bare market territory, which would be negative 20%. Although, semiconductors have gotten there. But, let's take a look here at the first touch because one of the things I've observed about markets is the 20weekly moving average being mean reversion is one of the most used by Wall Street and a lot of technical analysts out there on the markets. And the first touch often after a big crash is pretty powerful. You can see here the first touch, the first touch, the first touch, you know, significant things. Now, if it comes down again after making a lower high, then we have to be panicking. But at this point, it is such an important level here for the cues. So, will it hold again? Well, we'll talk a little bit about that later on as we go through the options and some of the dark pulls happening in a very sneaky area. That is transactions between two large entities happening in a big zone, ones that you usually don't see if you're a retail trader or an investor. More on that soon.
Let's talk about Cosby for a moment. Now, this chart is slightly out of date because of course it went down a little bit more, but what it really shows you guys is that we're continuing to see a series of lower highs and lower lows. Now, in the technical analysis world, that is not a change of trend. So, what that's telling us is that yes, the market may have started to see some stabilization, but it's still early days from what our favorite saying is, which is of course to stop a freight train, you need to see market structure.
Now, what could be the catalyst this week? Well, it all could come down to that favorite thing. Earnings. Earnings. Earnings. Yes, guys, there are some big ones. This is a blockbuster week. We saw Google come out. The market punished it. Intel, the Jim Kramer curse is alive, guys. Did you see what happened? It was up so much after hours. Then Jim Kramer said Intel is the one and it collapsed and it ended up down 7%. It looks terrible on the charts right now when you're looking at it. Wow, that was a huge switch. But this week is big because of course earnings whispers here can show you so many different technology companies and we have Microsoft, Meta and of course Apple and Amazon coming out Wednesday and Thursday.
Now the all important part of this of course this chart here from earnings whispers which or earnings watcher which basically shows here that we have huge amounts of implied volatility on some of these stocks. Now what is implied volatility you might be asking? This is basically what the options market believes could be the daily move. And it's important to know this as a trader or an investor so that you're not caught off guard thinking, "Oh, wow. That move's way too big. Why did that happen? Why didn't I control my risks?" etc., etc., etc. And you can see here that ARM this week could be plus or minus 15%. That's huge. PayPal plus - 8.7%. But the big ones that are going to move everything are going to come down to, of course, the big Microsoft meta. You know, it may not seem like as much, but 78% that's hundreds of billions of dollars considering market capitalization size. So, we could see, you know, significantly hundreds of billions of dollars move like this just on the whim of the earnings calls after hours. But don't worry guys, we will cover each and every one. We'll talk about the things that matter.
And last week I think or this week so far uh was really about free cash flow. So it was a story of the market saying ah we don't really want you to spend that much money anymore without making something back from these data centers. Remember reports are coming in that a lot of the chips aren't even in a data center yet because there's a timeline on it. There's so much complexity to this AI run right now. And will it be another dot boom style rally and then crash? You guys let me know in the comments down below. I've often thought it will be, but it all comes down to when Wall Street stop wanting to give the debt out cheap. And at the moment, they've still been doing that.
Let's talk about NASDAQ seasonality here for a moment because is it normal to see volatility around this time. You would know if you've been watching the channel for a while, we've discussed the idea that Q3 was going to be pretty volatile. Now, the reason why we're thinking that from the data side anyway is things thanks to things like this from Polycarp FX over on X guys. Give them a follow. Now, why is it so important? Well, it's all got to do with that normal sentiment that happens now into midterm election years. Often there's volatility into the election period itself. And it usually spikes into October. And you'll see in the VIX, the volatility index, that this type of thing happens time and time and time and time and time again. Although every time it's a little bit different and that's why you've got to bring together multiple different reasons. Just because some midterm election years do this doesn't mean everyone will.
Now Blue Kurdic has come out and kind of flipped it a little bit here saying well if we have a market that's done so well leading into the midterms. Remember it's been pretty good this year. It's dropped in the Q1 which we suspected. It found new high which also we suspected actually would occur and now it's staying in what we call a pit. Is this pretty normal? Well, according to the general reads here, when it comes to 7% gain by July since 1950, the idea of a pit, that is the market going up and down in a fairly tight but volatile range is actually pretty normal. In fact, the average path is still lots of volatility, but then by the election, the markets to actually go up. I'm not sure about that one, but of course, it's still the data I want to bring you both sides because it's so important to keep in that. No FOMO, no fear, but indifference level where you're really looking for those signs that say, "Oh, now I know a little bit more or at least I think I can make a better educated movement in these markets."
Now, speaking of big movements, guys. Woo! Look at this. Hello. Hello, Mr. Darkpool. Yes, going to volume leaders. We have someone on the street anyway getting a little activity here on semiconductors. Now, it's not the first transactions we've seen on semis, but heaps of them coming in near the close there on the Friday. According to reports, the third largest, let me repeat that, third largest darkpool, that is a transaction done between two large entities or an entity with a lot of other institutional entities to get something done. And although they're not sweeps, it still was one of those ones that's done and reported by the end of the day. So, this is a pretty big deal because it's all happening at around that key level of potential support. Now, could they still be sells? They could be. You don't know this. And ultimately, it comes down to what does the price action do next? And of course, stacking all of the evidence together. But DRAM also had a big one. And this is after it filled the gap. So, you'll notice here with DRAM, it went on that epic run this year. Not much data of course on this stock, but 16th largest transaction coming in. So, we'll be tracking this this week from volume leaders to see whether it continues to hold up. Some interesting signs there from the street.
Now, could this still be part of a deadcat bounce? Well, Blue Kurdic again's done some great research here, gone through all of the different draw downs over time from semiconductors and said, you know, what's the average path? And the results actually aren't that good. What they tend to tell us is that sometimes it could mean that the market has gotten out and has basically said, you know what, yeah, we'll rally it for a bit, maybe two, three months. Maybe it's a little bit more coin flippy in terms of percentage here. Again, these are just the data stats. Don't take it as gospel. You got to make sure you put together enough reads. But, uh, 9 months later, only a third, less than a third of the time where the market's actually bullish. So, it kind of said, well, you know, yes, we had a crash in semiconductors. Yes, we may get a rally, but it may be what they call a dead cap bounce or a false rally. So, we'll have to track very closely what's happening with price, what's happening with movement, all these types of things. You'll need to check them out as we go.
So from that point there on the market, what's going on here when it comes to gold? Because we've talked about gold hitting kind of a freight train level. Gold's been terrible for most of this year and you guys know why. People were lining up in the streets, lining up in Costco, lining up anywhere, buying anything they could get their hands on and paying significant premiums for, of course, physical bullion. Now, when that happens, unfortunately, it's that old saying of the elevator or anything else when everyone's talking about something and you over hear it everywhere, yeah, you're probably in a bubble or some type of big run. Now, since that, we crashed and gold's actually now into a bare market and worse. So, it's dropped like what, 30%. So, why is that important? Well, as it drops, it starts to of course accelerate and it moves into key zones. So, I think we're at some type of key zone right now. And we did see a few more transactions come through, which is similar to what we've already reported here over the last couple of weeks. Does this make sense? Well, it's a period of volatility here from Polycarp FX as you can see. And it also makes sense when you think about it from the debt perspective because we just got the latest debt reads and I think August debt well June July's debt reads are going to be super interesting which will report in August. But you can see here we're at $1.5 trillion of known margin debt in accounts. Now this isn't of course where we know we have all of the ETFs because of course the ETFs all those three times and two times led ETFs have gone absolutely bonkers.
So, gold has seen some darkpool improvement, but what about the real elephant in the room, bonds and oil? Because of course, oil, yeah, it's come down many times now to this 20 moving average on the 4hour. And we've talked about this a few times and actually bounced again on the Friday session. So, we've had one, two, three, and now four. Now, because of Trump's announcement, maybe this will drop back through, but it's such an important level here for oil and we'll be watching this level very closely because remember oil has hit a supply that we'll look at soon on the left hand side. Another thing to note, oil also saw a monster transaction on Shell. So, this is the second largest ever transaction and the first one happened right at the peak back in April. The third one happened as the market was chopping around and then led into further collapse and now we get the second one at around that resistance. So, is it a buy? Is it a sell? Is it just going to mean that oil goes sideways for a little bit? Yeah, we'll keep looking at that.
As we mentioned before, gold has a couple of darkpool transactions on it and big ones. We'll look at the charts later, but it did show some signs of improvement last week on the charts. And probably more important than all of this, we're also seeing movements into alt assets in general. Now, that changed a little bit as Bitcoin hit key resistances. Funny how that happens, isn't it, guys? Price action, data flows. What we teach over at FXE Trading Academy, links in the description. If you ever want to speed up your learning, by the way, guys, remember, one of the things, one of the best things you can do in life is sometimes learn from people that have put tens of thousands of hours into charts and into analysis. So, you don't have to go and do that yourself. And of course, you can learn from some of their big things. And that's what we try to impart in those courses.
But let's talk about Bitcoin here because ETF flow, it's a big deal because it it moved down negative twice and they're big numbers. And this is after a period of relative strength. So what that's telling us Bitcoin is maybe Bitcoin is going into a pullback or a pit. At least that's what the data could show here until maybe it does break through later on. But it is a key resistance and we'll check it out very very soon. Let's have a look at Bidto. We did see of course a large transaction also come through fourth largest ever for Bido. So again marrying up with around those right key levels.
Let's now jump into the charts the key leads first. Then we'll go through some of the sectors and some of those things. And of course we'll end on some of the major indices. But first up let's have a look if this market has capitulated. Has it really sold off that much? Well we like to look at the percentage of stocks above or below the 20. In this case, yeah, we're not really seeing full panic stations by the market. That is that this is not a broad-based market selloff. Remember last week we saw or the week before last week we saw 0% of some of those semiconductor ETFs above their 20. So that was of course a broad-based capitulation sell and you'll see why it's now finding at least some form of stabilization. RSP now the equal weighted market held. Okay. So, it's very important that it's holding and this tells us that of course the broad market is not as bad as everything else. So, we'll look at healthcare later, but you'll notice here healthcare is totally different to what the rest of the market looks like. Staples is doing nothing but staying sideways. Utilities is actually breaking a little bit to the upside at this point. So, the defensives are doing what the defensives generally do, and we'll talk about this as we lead into this week's earnings. They're kind of becoming or at least being pretty stable. But generally speaking, if you were going to see a collapse in markets, you'd usually see financials get ripped as well. That is that financials would be getting smashed because debt's getting smashed. And that is just not what we're seeing in this current market. Like look here at the financials and even the regional banks. And if we go here to KRE versus SPY, which is a cross analysis where a lot of institutional analysis it gets done, you'll notice here that yeah, regional banking hasn't actually been weak for a little bit. And I think that's an important point before we go into the indices later on.
What about the VIX? We're not even above 20 yet. So, everyone's less than 30% of people are bullish, yet we're not even above 20 yet. It's just sometimes it's madness out there, guys. It's amazing how fast fear spreads and how fast greed spreads. I I don't think I can really point to a point a area of time where I've seen this so much. I mean, of course, yes, we had it post of course co back in 2020 21 GameStop and everything. But yeah, it really reminds me of that pre GFC or of course the pre kind of.com boom because the thing is what this means is you have two sides. Everyone's really biased to those sides and no one's really looking in the middle and that is a dangerous period of time because you can tell it in the sentiment. These switches mean that people are completely confused. No one is stable right now guys. If you want to be more stable hopefully and make hopefully therefore more clear decisions, then remember to subscribe to the channel. I'm telling you guys, people are absolutely losing their mind. Let me know down below if you know a lot of people that are exhausted. One of the biggest things you can do is of course just reduce that press, reduce the news that you're getting that's always hugely negative or hugely positive, which just ends up creating massive bias. I learned about this when I was in wealth management. You know, bias is a huge determinant of I think success and failure in markets.
Let's talk about bonds for a second. Are the bonds freaking out? The bonds are doing something very strange. I actually talked about in the last video that we did, so you can go check that out if you're interested. But junk bonds are not dropping against LQD, that is against corporates. So the actual junk bonds themselves, they're just not really getting destroyed. Now, are they down? Yes, corporates down for sure. And there's a reason for that. Of course, yields are up quite a lot, but yeah, they're not really getting collapsed upon. And what that's meaning is we're not seeing certain things that we have in the past, such as high yield options, adjusted spreads, getting wild. And I think this means that we're just not seeing a broad-based freakout yet. Now, there are some other markets that are starting to move. The move index of course did spike a little bit last week, but it's not really in like scary territory either. So, when you look at the bonds market, unless you're looking at specific ones like oracles or Nvidia's uh credit default swaps, those are getting scary. In fact, Oracle just hit a new high last week, by the way, guys, when you um in terms of bond bond issuance issues. So yeah, the market's clearly smart about what it's looking at, but we're not seeing a total freakout just yet.
Another thing that you can look at is the US dollar. So we talked about the Bank of Japan, more on that coming up this week as the Japanese yen did close to a big one. But you'll notice here the US dollar has also potentially closed above as a flag. And if we actually go to the weekly candle here, you're going to see on the weekly candle that it's a pretty strong close. It's actually the highest close that we've had through this whole period. And this is what I often call a pit in markets, a pullback in time. And a pullback in time really just tells us that the markets may have reset indicators. So to have a closure like this could tell us that the series of higher highs and higher lows that are coming through may be continuing here and that we could start to look at could we be going to 104 10380 for the US dollar. Now if that happens that's like a riskoff environment in markets. Nothing is for certain, guys, but it is a little bit stronger than it was last week, at least from the technical side.
Let's have a look now at gold because gold's been getting collapsed upon. And as you guys know, we look at these levels to see whether we've got strong structure. In this case, we have a market that is basically potentially basing. Silver as well has started to do stuff like this and it's held up okay considering the dollar is strengthening because it is of course priced in dollars here. 4200, no closure above that. and no closure above the daily 20 for silver. So, still a series of lower lows and lower highs for now, but early days. We'll continue to watch that. And some interesting signs coming through when you look at GDX as well. Actually, one of the best performing sectors last week in the geopolitical tensions and everything else that's going on.
Now, let's talk semiconductors because semiconductors don't look great when you look at them on the weekly. In fact, they look horrible. And most people are on the platform saying, "Wa, that's terrible." Yeah, I don't like that candle either. But what I will do is I'll set a little alert above this one just in case so that if markets do start to rebound through, then we can say, well, did they just trap a bunch of retail shorts? Remember, the key is to have patience. Is this a cool level? Yeah, it's pretty important. You know, most traded zone on TSM on the way up here, uh 20 moving average on the weekly and of course other key reasons as well. But we can then look to react and potentially not predict. So in this case, we have a key level that we're interested in watching and observing. You'll notice the market came up to supply, sold off, slight changes on smaller time frames, and it was similar here kind of to semiconductors. Now semiconductors did see some massive transactions in them. So will we get a higher high? Is the sell-off over? Remember, just because a large transactions come through, Wall Street don't have stop losses like you do. So therefore, or you may have so therefore they can see prices go like this and then this and they still position the way they wanted to before doing some more rug pulling. So again, is this candle look too good? Not really. It's kind of weakening again as we've been talking about. We spoke last week. We expected some form of decision stabilization. The reason last week because we hit the weekly 20s. So very similar to the Q's right now. Cosby might be one of the best charts in terms to look at technically. lower lows, lower highs. We checked that out before and no higher high yet. So, again, we're watching these ones this week. We'll be taking you through as we cover off on them.
Other sectors that we've seen kind of get smashed here this week. Of course, we also had uh weakness in the software sector, but that was mostly driven by a couple of stocks including Oracle. I just want to show you Oracle just as a cautionary tale of what can happen. A lot of people have been trying to buy the dip on this one, especially here, and it just keeps dipping. And you may not think like that's much, but that is a significant money amount. So if you have a look here, this is actually 50% plus. If you have a look here from this dip, it's actually 18%. So just remember, it's better to wait for structure oftent times or control your risk than necessarily just being one of those heroes that goes after it. I'm sure you've all got that experience. I've got that experience. You've got that experience. It's one of the first things that you learn. But sometimes, you know, we don't feel that pain and reflect upon it. Okay? And I think that's such an important thing. Sometimes when trading and investing, you just say, "Oh, that was bad." And you forget. Remember, systems make better traders and investors. If you think you've got the willpower, I think Wall Street might kick your ass. Because the problem is is that you think you've got the wall power willpower, but you don't necessarily have the systems in place to control yourself during that one bad day where things go bad. And we've all been there, guys. I know. I know how it feels. You know how it feels.
All right, so let's take a look here at Tesla. That's another bad story this week because it has been destroyed down to the 300 kind of area. Now, here are the updated options zones. We do see the major kind of put sitting around 300, which probably no surprise. Tesla likes the rounds, but um yeah, it's basically collapsing in upon itself. It's getting closer to those demand zones on the left hand side as well. Anywhere in here is kind of an interesting level, but remember, we often have the patience. This is a freight train down. It may need a bit of structure.
Another thing that might need a bit of structure is SpaceX. I mean, if we look up SpaceX here, it has been that typical IPO, unfortunately, that we've seen over the last, you know, pretty much decade. Something I first observed actually with te uh with Twitter and Facebook back in the day when I first saw it, I went, "Oh, wow. These IPOs that come in hot, they often uh they often turn pretty bad." Anyway, SpaceX, of course, in the news for all the wrong reasons. And at the moment, it's still making a series of lower lows and lower highs. We'll talk about it more this week.
Let's check out Google. Oh. Oh, that's bad. That is a horrible candles. And as you guys know, I actually wrote a newsletter piece about this. and actually my experience and the newsletter is really great because it's like kind of my musings about yes some stories I don't put here on the YouTube show so you get a little bit extra guys one free institutional insight but also I'm putting in stories from over the years as well that I think you might find really interesting anyway I wrote one on Google this week which was really cool but at the same time this candle was a bit nasty and it led into unfortunately the street punishing Google for free cash flow and spending money and it's now trading at the most traded zone. So pretty important level here ahead of of course you what is going to be a big week in earnings. We've got of course Microsoft, Amazon's all of those of the world. And you can see Microsoft Microsoft could come down to key supports this week. And you'll notice here that's where all the puts sit 350. No surprise technical levels often do lead into these technicals. And I'll actually show you here as well. Let me just give you the option zones here for Amazon this week because all these things will matter quite a lot uh when it comes to earnings. And you'll note here that Amazon already looks kind of nasty and it's getting closer to the put zones. And if we get bad results, you know what could happen? Could we move into the next level of like 200 pretty quickly? Mag 7 stocks in focus. More on that as we go through.
Let's now take a look here at healthcare. As I mentioned before, it's doing what you would think it would be doing, defensive in nature. We see this all the time and the markets go defensive and basically you'll see things like healthcare, utilities, staples, those types of markets, bit of gold maybe in stock will do okay. Now, this is still a pit. So, remember we saw one of the largest thrusts from healthcare. Yeah, it was a big movement. That is quick movement in Wall Street, meaning that someone's probably activating something. And now we're seeing a pit. But do we get a higher high? If we do, could that signal further good times for health care? Even in, of course, the news of very negative on healthcare for quite some time.
Here's the big one though, guys. Q's Q's Q's. Everybody's looking at the NASDAQ and rightfully so. If you look at it, it made a lower low. It closed on its lower low. It went into negative gamma. That is the options market basically turned super negative. And the market is feeding upon itself. Now, this is one of those so important levels. The S&P hasn't come. If the S&P was down here, ooh, scary, but the NASDAQ is certainly getting all of the discussion this weekend. Everybody kind of talking about it breaking down technically. And yes, it theoretically has. I still always pay attention to the weekly 20 though. I haven't seen much of that. So, I am paying a lot of attention to that. But the put support actually turned. So you'll notice here we went to around 680 for the put support, but we're still in negative gamma and the markets are still getting thrashed. So it's probably going to be a case of we need to see small timeframe reactions because I'd also like to see some large transactions come through. At this stage, we haven't got that. But the markets, they are on a new low close, but is the S&P as bad?
So the S&P closed pretty badly on the daily. It closed underneath 7,400 suggesting 7,300 could be coming in. And the advanced decline line of course started to go sideways to down which tells us that stocks are stopping advancing across the board and it is becoming a little bit more of a freakout sellout. But let's put it in perspective. We still have a high, we still have a low and we still are only a few percentage points. I know it doesn't seem like this, but we're only 2.8% off the top. I've never seen the market quite like this. Only in my studies have I really seen it do this type of thing. And I know the sentiment was doing this type of stuff. And it suggests that Wall Street is definitely moving in in very mysterious ways, guys. And you want to sub to the channel for this because I think the next 6 months, oh, it's I think it could get very wild. But let's have a look here at the option zone. 7,300 on the put zone. That is for all net expireies. The one day mines updated here for you guys. And a lot of confusion by the streets. So, we'll be looking at levels such as this, the higher high here at 7525. And at the moment, you know, if you're looking at the markets, it's lower lows and lower highs for now. So, it suggests that further weakness could be there. Now, the problem is always it's always a bit of guesswork and you're always looking at potentials and stuff like that. So, you don't know what's going to do it. But remember, the game of trading and investing is all about, you know, where are you building your systems and what are you doing? And of course, you need to make your own decisions and figure that out. But guys, yeah, 7,300 put, could we be heading there? I don't know. Maybe we will be. The markets are falling lower lows and lower highs this week.
Let's have a look at Bitcoin. It did reach the first resistance and you guessed it, it's gone to a higher low at this stage, which is good. And it is trading over the weekend. So, oil's down a little bit in the futures market. Take that with a grain of salt. But, um, yes, they do trade on the weekend now, guys. Uh, but on top of this, we also have, of course, a dull style market. So, if it does go up and break through, it could create a squeeze because, as I often say, you know, dull shorting, especially if it's going higher, I don't really like that. So, yeah, the market's here at a resistance. Key level here for Bitcoin. Ethereum, what's going on with that? Still higher low. So, still technically intact for now. And still that double bottom kind of intact.
Guys, there's so much going on, isn't there, at the moment in these markets. Just quick reminder, if you enjoyed today's video, then please remember to subscribe and smash that like button. It's so great to have you here and I hope you learned something a little bit new. Remember, if we improve 1% daily, guys, just 1%. Then you are going to smash it and I wish that for you. I hope that for you so much. Also, if you want to check out our newsletter, you can check it out in the links in the description down below. And also, we've got some live sessions coming up as well if you want to sub for those. Totally free. we teach you some things about the markets from our perspectives.
So in summary, what's really happening right now? Big tech earnings Wednesday, Thursday this week, Wednesday, Thursday this week, Wednesday, Thursday this week. We suspected this for for the last month and a half that these earnings would be important. They'd create a lot of volatility. Fortunately or unfortunately, that has been what's happened. And remember, it's not the way you might have suspected. The earnings themselves are spectacular, but the problem is the street went up like 100% on a quarter when it comes to semiconductors. So, they're thrashing the margin. And this is what Wall Street does. It moves in mysterious ways. And once you start to see it, you'll have hopefully a less stressful time. Bye for now, guys. Have a great weekend with your family and friends. And take a break. See you.