Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updates
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All righty, let's go ahead and talk about uh. Big Tech Earnings reporting earnings. Uh, this week, Uh, we have Microsoft Google also known as alphabet We have Meta and Amazon all reporting earnings this week, Tuesday Wednesday and Thursday So please make sure that again, if you guys saw how Tesla sold off after it reported earnings um, and how it moved the market in a negative way, right? Tesla sold off 10% when it reported earnings. Uh, by the time that the open the next day and where it closed that so um, Tesla has a market cap of 672 billion which is Big right? Uh, it's nothing in comparison to Google Google 1.71 trillion and then Microsoft 2.43 trillion, right? Uh, M Uh, Meta is 794 billion and then Amazon is 1.29 trillion.

So think about it if Tesla missed its earnings. Not that Google or Alphabet or Met Microsoft are related to Tesla but it's just the the risk right? You might be like, why am I concerned if I'm not invested in any of those big tech companies. A reminder these big tech companies when they report earnings and depending on how the market reacts based off of what they report, if they sell off, or if they run up, they influence overall markets. My job's just to make you aware, right? Because I don't want you to be surprised of like what the heck? Why is the market selling off? What the heck? Why is the market running up? This makes no sense.

It makes perfect sense if you know what's coming right? and we all should know that big tech companies are reporting earnings this week Tuesday Wednesday and Thursday after the market closes. Uh, if I'm not mistaken, it's alphabet and Microsoft that report on Tuesday it's meta that reports on Wednesday and Amazon that reports on Thursday. So just a heads up on that. Uh, want to make sure that you're aware.

So as of right now, overall, NASDAQ Market Uh, isn't the green, but it means nothing based off of again. Uh, it doesn't mean that it's going to open up in the green by the time the Market opens. I You know, very excited to see uh, where the market stands by market open So you definitely don't want to miss out on tomorrow's live trading session. for those that want to tune on in tomorrow's live session.

second link in the description down below. I Quickly wanted to talk about uh, the market and where it's at right now. So I just wanted to give you guys my two cents. Uh, for what it's worth, I Want to remind you I mean these technicals can tell us anything and that's great.

We could all have our own opinions, but it means nothing. When big Tech is reporting earnings because we could be at a support, we could be at a resistance. But then when these companies report earnings, the Market's going to completely shift according to what is reported versus what was expected. So I don't want to give too much thought into our technical analysis this week because so much of it is based off of the fundamentals of what is actually reported this week for Big Tech earnings I Just wanted to point it out on NASDAQ for QQQ Just want to make sure that you're aware we are testing a support range.
This has been a very strong support level. We've talked about this, especially if you're part of our Lpp team. You should be aware of it. It's right around 350.

We've bounced here before we bounced here. You know, a few weeks ago, we are testing it as a support. Once again. let me make this very clear: It's not that it has to break its support and that you have to freak out.

but if Big Tech completely misses earnings, so if Microsoft Amazon uh, alphabet meta if they miss earnings, we cannot be surprised if it breaks its support here and then it makes new lows, right, that would be quite surprising. but it is what it is right with everything that's going on overseas with all the war, all the uncertainty. What? Jerome Pal said just last week about him not being super happy with how strong our economy is and we can't be surprised about. You know, more rate hikes late 2023 or early 2024? That can all cause selling pressure.

Now again, a lot of these things are factored in in advance, so there's no reason to try to predict the future when we can't. right? we I just wanted to make you aware we're at a critical support range approaching 350 for QQQ. But Big Tech earnings to me, is much more important. This means nothing to me in the grand scheme of things because we could be out of the support and we should bounce based off of this technical analysis.

But if Microsoft and all Big Tech completely misses earnings, it means nothing. This thing will drop its support and completely begin to tank and rightfully so. It makes sense, right? Big Tech Miss Earnings. And then it could potentially sell off.

So I just want to make you aware of that, right? Uh, I Normally during our Sunday stock talk, um, break down a bunch of different stocks that we all see value in, but it seems kind of pointless right now when so much of the Market's direction is dependent on these four big tech companies Microsoft alphabet meta and Amazon I want to make you aware I Want to make sure that you're prepared. Uh, and when it comes down to the economic reports, I'll make sure that we break it down during tomorrow's live trading session. Uh, just to make sure that you're all up to date with what's in schedule for this week, right? So other than that, what I have in the schedule from the Federal Reserve Uh, this upcoming week it says a speech from Jerome Pal so just says intro remarks. This is going to be on Wednesday at 435 p.m.

and this is Eastern Time right? And then on Thursday we have Governor Christopher J Waller 8 A.m. Uh, 9:00 a.m. shouldn't really influence the market too more. Uh, too much on Friday this is vice chair Michael bar a little bit more significant 9:00 A.m.

That might bring some volatility to the market, but nothing too too crazy. The big thing is always JP Jerome Pal he's the head of the Federal Reserve Anytime he speaks, depending if it's hawkish or bearish, uh, I'm sorry. hawkish or doish will determine how the market reacts, right? right? I Wanted you to be aware of where the NASDAQ Market is at. it's at a critical support range I Wanted you to be aware of Big Tech and that's my Big Focus this week.
So if you're part of Lpp for tomorrow's live trading session, I'm going to be taking it day by day. It's not in my best interest to be super aggressive tomorrow. to be thinking hey, the market has to sell off or the market has to bounce I Don't mind taking trades tomorrow, but my big focus is taking it day by day Tuesday Wednesday and Thursday because we could see a lot of volatility. This is not a time where if you're a beginner you want to be too aggressive.

It's just in my opinion, it's a very risky time to trade when big tech companies are reporting earnings. I'm just making you aware of that uh, you can do as whatever it is that you want. um I Just wanted to make sure that I went live I Shared my thoughts with you guys I I Share with you what's to come this week and if you have any questions I don't care if you're an absolute beginner, it literally doesn't matter. Shoot me a direct message via Discord or via Instagram and that's the first or third link in the description down below.

I'd love to answer any questions for you I do want to remind you I will never tell you where to buy or where to sell. My focus is I Trade live every morning I'd love to see you there I'm going to be trading tomorrow morning right at Market Open It's the second link in the description down below. We're running our biggest sale right now to onetime payment livetime access. uh and it's the only group that I work with on a close basis.

I offer nothing else. it's not free. it's $75 off right now, so it's our biggest discount and it's the second link in the description down below. I Do want to let you know that the last thing? um It Ends Tonight At midnight it's Mystery Box week and it's 1,000 bonus entries with every single mystery box that is purchased by.

Tonight at midnight, this is for the M4 giveaway, right? Uh, and then cash does come in every mystery box but the biggest thing is 1,000 bonus entries. That's a $200 value and you get it automatically again just for the mystery box week. That's if you want to buy a mystery box and again, that's all available at Shop Techbuds, Outcom, or the fourth Link in the description down below. So uh, Mystery Box week is coming to an end.

It ends tonight at midnight. again. Fourth: Link in the description down below. That's if you want to enter the M4 giveaway.

if you have any questions about that, shoot me a direct message via Instagram and I'd love to answer it for you. Very excited for this week. It's going to be a big and very interesting week. I Want to remind you if if you are uncertain if this is the first time that you've ever experienced earnings season, right? Because big Tech is going to be reporting earnings, maybe it's not the worst idea to sit back and just watch the market watch how? maybe on Tuesday let's say alphabet and Google completely tank.
But then let's say on Wednesday Meta exceeds expectation and it skyrockets and it carries the market with it, right? We could potentially see a lot of volatility I Just want to make sure that you're aware and again, um, I'd love to see you there. So second link in the description down: Bel Uh, down below I'll see you tomorrow at Market Open for our live session Like always, let make sure that we in the year on our green notes.

By Stock Chat

where the coffee is hot and so is the chat

20 thoughts on “warning huge tech earnings this week prep live”
  1. Avataaar/Circle Created with python_avatars Damian Szymaล„ski says:

    So is it long or short in here?

  2. Avataaar/Circle Created with python_avatars Stephane Deland says:

    Good or bad news, market crash anyway!

  3. Avataaar/Circle Created with python_avatars WallStreetBully says:

    In meta calls $36k since Friday at $307 $310 strike $$$$$

  4. Avataaar/Circle Created with python_avatars Omizy Baby says:

    Itโ€™s soo funny one minute sell sell sell other minute buy buy buy we r gonna die

  5. Avataaar/Circle Created with python_avatars Parts shooter says:

    Why would the market drop when bad news is currently good news regarding rate hikes?

  6. Avataaar/Circle Created with python_avatars Raul Rivera says:

    Google and Microsoft sets the tempo for rest of the week

  7. Avataaar/Circle Created with python_avatars Mike Tapia says:

    Forget earnings. It just broke support during the premarket

  8. Avataaar/Circle Created with python_avatars Noah Meraz says:

    Amazon is the most important to be watching in my opinion

  9. Avataaar/Circle Created with python_avatars Michael Castaneda says:

    Thank u for your insight

  10. Avataaar/Circle Created with python_avatars ProjectiiNaNo says:

    Ricky Iโ€™m considering a lifetime pass but would like to have a private Q and A with you first

  11. Avataaar/Circle Created with python_avatars Tomoronia says:

    lol

  12. Avataaar/Circle Created with python_avatars Mr. PandaMan says:

    Should I wait to make a buy until after a report is made??

  13. Avataaar/Circle Created with python_avatars Mark Lasky says:

    Thanks brother you are appreciated for you market commitment

  14. Avataaar/Circle Created with python_avatars Michael K says:

    Thank you, the best and most honest guidance as always ๐Ÿ™

  15. Avataaar/Circle Created with python_avatars Eduardo Rivera says:

    Meta looking tasty๐Ÿ˜ˆ

  16. Avataaar/Circle Created with python_avatars MrCiscodude says:

    cover you nose again? hmm…something wrong with this guy

  17. Avataaar/Circle Created with python_avatars Jonathan Levine says:

    Thx for the reminders and heads up

  18. Avataaar/Circle Created with python_avatars Andy Alcaraz says:

    What way do you feel the direction is headed Ricky?

  19. Avataaar/Circle Created with python_avatars sandman ! says:

    easy short the market

  20. Avataaar/Circle Created with python_avatars Siddhesh Chavan says:

    Plzz can you add subtitles in English

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