Hey yo, what’s up everybody? What’s going on? Welcome to True Jacob live stream. We are here for earnings. We’ve got uh action-packed earnings here. We’ve got Alphabet, Tesla, IBM, Service Now, Texas Instruments. They’re all coming out as we speak. We’ll go through, we’ll hit on Alphabet here first because I actually think that Alphabet is getting into a really interesting support level. I think it would be pretty interesting to see if we maybe get a little bit of a bounce from the zone that we’re kind of falling into. We’ll talk about that in just a moment. But first, let’s get into the numbers themselves. Alphabet earnings are a beat straight across the board here. Revenue comes in at 119.8 billion. Analysts were expecting 117. Ad revenue 81.63. Estimate 81.12. Um Google services revenue 94.54 billion expected 94.32 operating income 40.77 billion analyst expecting 40.55 billion these are beats uh all across the board here on Alphabet the one area of revenue that came in line with expectations was their Google search and other revenue which came in at 63.27 billion. Analysts expecting 63.28 billion. Their gain on equity securities comes in at 99 billion, which is pretty crazy. Um, their capex comes in slightly higher than expected, 44.92 billion. Analysts expecting 44.15 billion. So, these numbers come in here for Alphabet. These are good good earnings. Um you know they are basically you are looking at top and and bottom line beats just a very slight miss on one segment of their uh revenue but the way that it you know you have the total revenue and then you have the individual breakdowns YouTube ad revenue 11.06 billion analysts expecting 10.8 eight. Um, but yeah, I’m just going through the rest of these numbers here as they’re coming across right now. Making sure I’m not missing. Let me see. Making sure I’m not missing anything here. Okay. Yep. Yep. Yep. Yep. Yep. Yeah. All right. So, let’s go into those are the numbers there for Alphabet. They are good earnings, but as you guys may have realized by now, just because a company has good earnings does not necessarily mean um that the stock is going to trade higher. And Alphabet is falling into a really interesting support level and it’s going to be right down around that 200 day moving average and the support level that you have currently structure- wise that sits right around 3 330. And if you guys take a look, um, if you take a look at my screen right here on Alphabet, there’s a couple of really key levels that we have. You have a resistance level here in the low 350s. Your major resistance is very, very obvious. It’s up there 375. It’s an absolute no-brainer, no question, resistance level that you have there. Uh, and then your support zone is going to be right down into this area here. And this is going to be right into that 200 day moving average. um that 200 day moving average was support in March when you had a pullback during the um the Iran war and then that gave you the catapult to new highs there from Alphabet and now you’re pulling back in back into that moving average. Um not to mention you also have these previous highs back from January that was the previous all-time high in Alphabet and I just I think that’s a really nice support level. I’m skeptical to think that this level this support level is going to break on Alphabet. I think that you actually get maybe a decent bounce attempt off of that zone. I would be looking for longs off of that area rather than looking for shorts through that area. That’s the way that I see it. And then obviously you would make sure you’re taking profits off into 350s. Um and I think that you know anytime this thing gets up to 375, you got to be looking to take profits off um on that pretty quickly. Okay, so that that is Alphabet. Let me just keep going here because we have other companies with earnings. We have IBM, we have Service Now, we have Tesla. So, let’s go through Tesla taking a hit. Stocks down almost 4% on the day. So, let’s take a look on real quick here, guys, over at Tesla. And then we’ll go through some trading ideas for tomorrow on all these names. Okay, so let’s go through Tesla’s numbers. Revenue comes in 28.24 billion. Analysts were expecting 26.32 billion. Um, earnings per share comes in at 33 cents.
Uh, what is this?
Okay, expectation was 51. Gross margins come in at 16.8. Expectation was for 19.4. That is a big miss on their margins. Automotive revenue comes in at 20.5 billion. Analysts expecting 18.7. Services and other revenue come in at 4.58. Expectation was for 3.7 billion. Energy generation comes in at 3.14. Expectation was for 3.77.
Um active full self-driving subscriptions come in at 1.48 million. Analysts were expecting 1.4. And negative free cash flow of 1.09 billion. Expectation was for negative 3.64. There’s some parts of this. Listen, this is a really mixed bag of earnings. A really mixed bag of earnings here on Tesla. There’s there’s some good in here. There’s some bad in here. Obviously, the revenue number is a pretty significant beat, but earnings per share is disappointing. The gross margins are disappointing. And I think that really the culprit here on this downside move is going to be those gross margins. Um, as you take a look at this, even their negative negative cash flow was much better than what was expected. So there there are some positives. You know, the automotive revenue is a is a positive. The full self driving subscriptions is a positive. The energy generation come and storage comes in a little bit light, but I really think the biggest culprit there is the gross margins. And that’s got Tesla trading down here after earnings. And that too is getting into uh eventually what’s going to get into a really big level of support. And that’s going to be really in like the 340s, 350s. Um and I’ll draw a little bit of a of a box here for you guys. You can see it. Okay. And I’ll just draw a line right across inside of this zone. Um, every time that Tesla has fallen down inside of this region, you’ve had price has been interact has been affected and or has been impacted by this area. You can see when you pushed up into this in October of 2024, it was resistance until you broke through it. Once you broke through it, it became support until you fell underneath it. Then it became resistance and then it was resistance for the entire 2025 until eventually you broke through it and then it became support and then it was support and then it was support and now you’re falling into this zone here yet again. So so you know similar to what I was telling you guys about Alphabet how I think that it’s it’s you know Alphabet can probably give you a bounce off of um that support level. I think that, you know, Tesla, although I don’t like it as much for a bounce on on Alphabet, like if you take a look, you have a much stronger Wow, there’s your bounce. Well, there’s Alphabet, guys. Back to 346. So, there’s your bounce. This is taking place. This is you’re up $10 right now since we were just talking about looking at a bounce there on on Alphabet in the down around that 330 support level. And there’s a $10 bounce there early uh right out of the gate there on Alphabet. So I I there you go. 348 349 still pushing, right? So there’s that bounce that you got there on Alphabet. 350 now continuing higher. Taking the whole market with it. The SPY just had a nice pop back to the upside. The NASDAQ just had a nice pop to the upside. Your semiconductors, AMD, Micron getting a pop back to the upside on the back of this reversal, this turnaround move here on Alphabet. um as these numbers are coming through, but you’re also getting some pretty decent moves. And IBM is also moving higher. Service Now is also doing okay. Tesla is the one that’s really lagging behind here uh kind of brutally. And I don’t expect this one to turn around unless Elon Musk says something crazy on the conference call, which we do know that that has happened many times in the past. I always kind of remind people when Tesla has earnings that oftentimes the real move happens during the conference call, not during the actual announcement of the earnings themselves. So before you make a real distinction and you make a real call on what you think Tesla stock is going to do tomorrow, I would advise waiting for the conference call. Same thing there goes with Alphabet. Alphabet doesn’t give you a guidance. So it’s going to be important for us to listen to what the CEO and the CFO say during the conference calls. So I would pay very close attention to the conference calls on both of these names, but I like Alphabet from a technical standpoint on that support level for a bounce. Tesla, not so sure. Okay. Yes, this is a really big support level, but let’s wait and see. Let’s wait to see what the real move is after they go through their conference call, which will start up in about an hour. Okay, so that is that’s Tessa. Now, let’s go on over to some of the others. You have IBM uh also came out with earnings. IBM is a stock that has recently gotten, you know, beaten up pretty bad. Okay. Um let’s see here. Earnings per share come in at 293. Expectation was 293. revenue comes in 70 17.1 billion expectation was for 17.2 billion. Um software revenue comes in light 7.76 versus 7.99 billion. Consulting revenue also comes in light 5.33 billion versus 5.39. Free cash flow also comes in light 2.54 versus 2.95. and they lowered the fullear revenue growth guidance to four to 5% from the previous number that was above 5%. Remains on track to deliver quantum computer by 2029. I think that that’s a really stupid thing to put in their to put in their earnings to be honest with you because their earnings come in disappointing kind of AC across the board here on IBM’s revenue and to kind of save face. throw in this, oh, hey, but we’re gonna have a quantum computer by 2029, while the rest of the earnings came in there a little bit disappointing. Um, the stock has already gotten hit on the back of a pre- uh pre-guide and pre-announcement. Um, and I think this is just a matter of the stock is trading back to the upside because everybody was already expecting these numbers to be pretty bad. You can see you had this huge gap down in July or just two weeks ago rather when a lot of this information started coming out. So they’re really stock has already really made um has already really made the the move to just you know for this this disappointing earnings announcement. So this was kind of already already out there and was already expected. Now with that being said, it’s kind of interesting the way these charts are lining up because all of these charts are getting themselves into some pretty interesting support levels. And if we take a look here at IBM, this is the previous all-time high from 2024, right? You guys can see this resistance level in 2024 that when we broke out of it in August, you pulled back down into that level, reset back against it, it became support, and the stock continued its move higher. Now, you just dropped back down into that level, and there it is. Now, I know the earnings aren’t aren’t really that great and aren’t really anything to really get excited about, but I wouldn’t be the least bit surprised if IBM finds support off of 200, bounces back up into the 220s. I think there could have trade opportunity there. I would be cautious once the stock gets above 220. I see resistance in those low to mid 220s. You also have that 9 EMA that’s going to be coming into play, right? As this 9 EMA is going to be coming into play. And I just think that after testing this support level, you could get a little bit of a bounce from here and then run back up into this area resistance and then just kind of pull it back down and just kind of consolidate. I think there’s better things out there to trade from a day trade or a swing trade standpoint, but we can’t ignore this $200 level. Previous resistance, now it’s support. And I just wouldn’t be surprised if we get a little bit of a bounce there off of this now that the bad news is kind of a little bit behind us. Um, not one of my favorite trade ideas, but I think one that does that does make a pretty decent a decent amount of sense. Okay, quick check back in on Alphabet before we continue. Alphabet’s still sitting up here at 345. So that did give you a really nice bounce off that support level at 330 when those numbers initially came out and the stock is currently flat on the day. All right, then we have Service Now. Service Now, one of the software names that have gotten absolutely obliterated uh over the last year and a half.
And the stock is trading flat on the day, but the stock was down like five or six% intraday. So, we basically taken it back. The stock’s up six% from the close. We were down five or six% on the day. Um, so we are moving higher right now back to the upside. We’re actually down a little bit more than that um on the day, but now we were up around six almost now seven about 6% right now. And let’s go through some of the numbers there for for service. Now, let me Oops, I just clicked on the wrong thing here. I’m going to keep going through this and we’ll go over the overall markets as well.
Uh, Kinder Morgan came out with earnings. Also, Texas Instruments has some earnings out as well.
Service Now revenue. Um, this is actually a top and bottom line beat for Service Now.
Okay, we’ve got earnings per share come in at 90 cents. Analysts expecting 86. Revenue comes in at 3.98 billion. Analysts were expecting 3.93.
So, top and bottom line beat there for service. Now, stock is trading back to the upside. Like I said, up around 6% some from the close, but I just don’t really see much here, guys, from like a trade standpoint. I I really don’t I just really don’t see much here. I think that this has been, you know, stocks go through different phases. They go through periods of consolidation. They go through periods of, you know, direction of momentum. And to me, this is a very obvious period of consolidation. We’re in the exact same place that we were in February of this year with a whole hell of a lot of up and down and up and down and up and down mixed in between. I don’t see a real clear setup here uh on Service Now. This is not a stock that I’m really going to be trading in the foreseeable future. It’s not a stock that I see a current setup in. I know that we’re trading higher on the back of this earnings release, but not enough here to make me want to take a trade on it.
So, this is going to be one that we’re just going to pass on for tomorrow. Okay. This will be one that we are going to pass on for tomorrow. Um, just quick check in back on Alphabet. Just kind of sitting here. Tesla Tesla is working back down towards lows.
And we’ll see. We’ll see what Elon Musk has to say during the conference call, but right now it looks like you’re trying to break,
you know, 365 370 support. You had a $5 support zone. Let me just draw it. Hold on. I’ll draw it for you just so you guys can see it. Some people can’t see this stuff, but they’re, you know, but I’ve been doing this for 19 years. So when I I look at a chart, I can things I see them very quickly. There’s your support zone that you had on Tesla, right?
Okay, there’s your support zone. You can see that support back in April. You see it again there in June. And you see it again there over the last two trading days. You’re now underneath it. And then your next support from there is going to be this double bottom down here in the 330s.
Okay, you got a little bit of structure in here too in the 350s, but you know, point being, you have downside now. Um, and this level that was support, you can look for this to be resistance. So, as long as Tesla does not reverse after the conference call, which is not unheard of, would not be the first time. Um Tesla is known to make really large moves during during the conference call. But as long as Tesla does not get back above this little box that I drew out for you, this 3 365 to 370, okay, you would look for this to be resistance then going into tomorrow. So a trade idea that you can look for for tomorrow is let’s say tomorrow you see Tesla bounces back to 366, right? You can look for a short opportunity with a stop loss above 370 and look for this zone to be resistance and look for then Tesla to roll back to the downside and trade lower into the into the low 350s.
Right there you go. And then once you get down into this support zone that we talked about earlier, oops, I didn’t mean to draw. Let me wrong drawing tool. And once you get down closer into this support level, I would say stop trying to short the stock. Um, take your profits and then you probably look at a little bit of a bounce play from there. But again, before you take that trade, I would very much wait to see what happens with the conference call.
Okay, so that’s that’s really it there, folks. I would say Tesla is on the watch list for tomorrow for a trade. IBM is not. Service Now is not, but Tesla is one I’m going to be looking at for a trade for tomorrow. And Alphabet, let me take a look at this after the conference call.
I feel like right now you’re kind of caught in the middle. Like if we just sit here, I don’t really necessarily see a trade on it. I like the long. the closer you get to that 200 day, 325, 330, I like the long from there. Um, but if we just sit here at 345 or so, probably a no trade for me. I don’t like to trade in the middle of key levels. Like a lot of my trading style is based off the structure, support and resistance. And what I’ll do is I’ll identify major support and resistance levels. And when those levels get engaged with, that’s when I go ahead and actually, you know, take my trades rather than kind of messing around in between levels and in the middle of ranges. Um, so for example, like my trading style for those of you that maybe are not familiar with me or maybe this is your first time on this YouTube channel. So the way that I would typically look for trades is I would say, “Okay, we’re going to try to either be long long off of this support level or we’re going to be short off of that off of this resistance level.” And as we’re kind of caught in the middle here, it’s not something that we we essentially would be looking to trade. Trading is not about predicting the future. Trading is about identifying high probability setups and putting yourself on the right side of that probability over and over and over again with good sound solid risk management. The problem, the mistake that a lot of inexperienced traders make is that they’ll spend their whole life trying to find a trader online that they think could predict the future the best. And it’s just not the way that it works. You ask any professional or full-time trader, they’ll tell you that they don’t predict the future. They have their belief. They have their analysis. They have their, you know, their bias. They have their their theirsis. They have their trading plan. And they just follow it. And sometimes they’re going to be wrong. And other times they’re going to be right. They’re going to be right a lot more than they are wrong. But they’re also going to be wrong sometimes. I’m no different. I I don’t have a 100% win rate. I mean, my name is Michael Edward. Peronati. I go by Michael Edward. I’m the co-founder and head trader of True Trading Group. For those of you that are new, I began my career working at T3 Alpha Fund in New York City. It’s a was a fund in New York City. My first job out of college. I had to go through a training program before they’d let me touch $1 of the funds money. And then shortly after that, we had the 2008 recession, the great financial crisis, the stock market crash. But I actually received the trader of the year award in that same year, 2008, from the firm. So I didn’t have to figure this out on my own and by sitting in Discords and watching YouTube videos. I was trained right out of the gate by professionals. And I will tell you, anyone that does this actually for a living that pays bills from it will tell you that they don’t actually predict the future. You know, there is no setup. There is no indicator that’s going to work 100% of the time. It’s it’s all based on, you know, probability and and that’s what we do. You have to be educated enough to identify what a high probability setup looks like. You have to have the patience to wait for them to occur. And then you have to have the discipline to actually follow through on the trading plan and not let your greed or your emotions dictate your decision- making. Emotions will be the death of you. If you’re going to trade and make this trading decisions based on how much money you’re up or how much money you’re down, you’re never going to be successful at this on a consistent basis. There’s a million different strategies you can implement. You can take a hundred successful traders, put them in a room. You can have a hundred different styles and a hundred different strategies in that room. Not one of them will tell you that they predict the future. Okay? So, you know, I don’t I don’t claim to be the world’s greatest trader. That’s not the reason why so many members of True Trading Group do well. Um, TTG is a a platform that has 11,000 members from 114 different countries. And you know, our members stay with us at a clip in the mid70s because they actually do well and they actually make money. And I’ll just don’t take my word for it. I’ll prove it to you. Members that are on this stream with me right now, right? Members that are on this live, if you are making money and becoming better traders because of True Trading Group, I want you to type the number one in chat right now. Oil man says, “Your first time here. You’re loving the live.” I love that. Welcome to the live stream. Subscribe to the channel, right? But let’s see. Members that are making money with TTG. Go ahead and type the number one inside chat.
Now, for those of you that are not members, just pay attention how many people you see type number one come across the screen. Folks, these are these are members of True Trading Group. These are people that are no different from you. If they can do this, so can you. There’s no reason they can be successful and make money and you can’t. If they’re not luckier than you, I promise you that. They don’t have more time than you. I also promise you that. 82% of our members have a full-time job. If they can do this, then so can you. And as much as I would love to say that the reason why all these people are making money is because I’m the best trader in the world. It’s not the case. I’m a damn good one. I’ve been doing this for 19 years, okay? But I’m not I don’t claim to be, you know, the world’s greatest trader. But what I think really makes a difference for our members is you have people like myself, but you also have seven other professional traders that are mods and true trading group. They share their screens. They trade in front of you live. They answer questions. They give you their commentary and analysis throughout the whole trading day. They obviously call out their trade alerts. You know exactly where we’re getting in, where we’re getting out before we even do so. So all of that is true. But we also have tools and resources that give retail traders access to specific data, information, and analytics that typical retail traders don’t have access to. We are a fintech platform. Make no mistake about it. We have partnerships, working partnerships with the NASDAQ, Benzinga, OpenAI, DataBento, Unusual Wales, all these companies, okay, work with True Trading Group that allow us to build out the platform that we have that has actually received the global benzinga fintech award for best AI analysis tool. We have a entire ecosystem, entire suite of of trading tools that give our members an edge over other retail traders. And that is the reason why so many of our members are successful. You take that tools and resources that other retail traders don’t have access to information that typically only professional traders and institutions have access to like the level three data feed we get directly from the NASDAQ that is actually able to identify the difference between institutional orders and retail orders. I can actually ask our AI, hey, I see resistance on the spy at 750. What does the level three data show? And then REI is going to tell us, well, right now you’ve got very heavy sell pressure clustered around 750. There’s 132 institutional sells to only 86 institutional buys. Your strongest sell cluster is at 750 and 15 cents at a negative 37, you know, spread that would support your idea of going short at 750. That’s what our AI is going to tell you thanks to the level three data feed that we have through our data partnership agreement with the NASDAQ directly. That’s a gamecher. It can actually tell us where it where we see institutional order flow. That’s how you can tell the difference. That’s how you can confirm your support and resistance levels. If you think you see support on a stock, go and ask and say, “Hey, what’s the level three data show? Is there actually support at this area? Does the order flow support the idea of this being support? Like the chart supports this idea of being support. And when those two things both converge and they both agree, you take the trade. This is what I’m talking about when I talk about this is about probability. It’s not about predicting the future. It is about identifying high probability setups and using the tools and the resources and the data and the analytics that this platform provides gives you the highest chance of being successful at doing this. It’s going to help you be in the highest probability setups. For my poker players out there, you’re going to be in the pocket aces, the pocket kings. You’re not going to be sitting in 103 off suit. You’re not going to be sitting in jack eight, right? You’re not going to be sitting in pocket sixes, mediocre hands. You’re not going to be in lower probability setups as often as you may find yourself in lower probability setups. Now, that’s the difference. That’s why I think so many of our members are successful. That’s why I think so many of our members make money. That’s why I think we have a retention rate amongst our members of around 74%. This is the reason why. And for those of you that are on this live stream that are not members of True Trading Group, I’m not going to talk to you about a membership. I’m not going to try to sell you on something here on a YouTube channel. What I’m going to instead invite you to do is I’m going to invite you to join our platform for our 90day trial. I’m going to give you unrestricted access to our entire suite of AI trading tools. I’m going to give you access to all of our educational material. 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But that’s not the reason why I think that you guys should join this platform. Okay? It’s can help you. You realize that you’re going to be getting quality analysis, quality education, quality mentorship from the other moderators and myself that are here. Yes. But I want you to join this platform and let it prove to you that it can make you money over the course of those 90 days. Go to trueradinggroup.com990.
Again, that is truerading.com and you can join our trial for 90 days for just 90 bucks. It’s a dollar a day. And that’s how you guys can use our entire system, our entire platform for three months. I’m not going to give you access for seven days. Like these platforms out there that show like, oh yeah, try our trial for seven days. Seven days is not enough time for you to decide if something’s going to work for you or not. That’s ludicrous. That’s insane. So, no rush, no stress. 90 days. Take your time. Let’s make some damn money together. Truegroup.com990. Send a text message if you have any questions. 1888-621-2127. again that is 1888 6212127.
Okay, again that is
1888621 2127
uh actual successful advice daily. I look back and see all the truth spoke here because they are forever growing and care about leading by example. That’s a really nice compliment. I appreciate that very much. Thank you for that. That’s a really nice compliment. Following holy grail exactly as setup is a winner nearly every time or a short loss with following the stop-loss guide. I love that. So the HG what this person is talking about, okay, is something that we call the holy grail. It’s our trade plan generator. Essentially, quickly, I’ll just explain to you what it is. It is an algorithm that is based on my trading style and strategy. Uh, it’s 80% deterministic. 20% of it is AI analysis of data, but it’s an actual deterministic rules-based algorithm that has a layer of AI data analysis on top of it. Um, essentially all you’ll do is you will select what type of asset you want to trade. If you want to trade stocks, yeah, we have it. Thank you, Brett. We have it up on the screen here right now. If you want to trade stocks, if you want to trade options, if you want to trade futures, if you want to trade crypto, you’ll just select whatever it is that you want to trade. You type in the ticker symbol. You put in your account size. You put in how much money you want to risk on the trade. And then you select your trading style. Are you looking for a scalp? You looking for a day trade? You looking for a swing trade? or you’re looking for a long-term hold. And then you just go ahead and you click run analysis. You wait about I don’t know 60 to 90 seconds and then you will get back a full detailed trading plan with an entry a stop-loss profit targets confidence score on the trading plan as well as the analysis and thesis and reasoning behind the trading plan with percentage probabilities of particular things occurring. Okay, it’s a multi- aent system. You’re going to get technical analysis. You’re going to get a macro analysis. You’re going to get a risk assessment um before you and then you’re actually get the full detailed trading plan. And this right now, this thing, our members have generated well over 600,000 trading plans with this tool since we launched it a few months ago. And the accuracy on this tool right now is just above 70%. It’s an unbelievable tool that gives our members, you know, really confidence in what they’re doing and helps them come up with really high quality trading plans with good probability, sound risk management, good riskreward, and it really helps lay the foundation of of building the right um core characteristics that it takes to be a successful trader. And you can see here, this is what the report looks like. At the top you get the you get the call, you get the con the confidence score, you get a little summary of what’s the trigger to look for. As you scroll down, you guys can see, you know, all the different agents that you’re going to see. And then you can scroll down further and you give you the entry, the stop-loss, the position size, it gives you the profit targets.
Uh everything is going to be laid out right there for you guys in complete detail. So, this is just one of our tools in our e our entire suite of AI tools that you guys get access to. Um, so for those that do join our trial, you guys do get access to this tool as well as the rest of our stuff to try it out and use it for yourself. Again, it’s true.com990.
You can join for 90 days for just 90 bucks. You can use all these things unrestricted. Okay, so with that being said, again, any questions, just shoot us a text message. 1888-621-2127. Let’s do a quick check back in on all of the earnings. Um, for those of you that are just tuning in and just joining us now, we have already covered and analyzed all the actual earnings reports. We went through charts. We came up with trade ideas for tomorrow. Before we do go, let’s take a look on over at what the stocks are doing now. If anything has changed, you have two very important conference calls that are going to be taking place. One of them is Alphabet so we can get some guidance and then also um Tesla which is always going to be uh which is always going to be uh a big one.
And then also members when we are done with the live stream we’re going to open back up the main chat room. We’re going to head back into main chat and I do believe that Adam is going to be ready with you guys for some active trader mode stuff. Active trader mode for those of you that are not members, you don’t know what that is, it’s a system that we’ve developed at TTG that allows you to actually take, you know, our AI with you no matter wherever you go. And it can also connect into your brokerage account, can actually place trades for you, can monitor your positions for you, can notify you when particular things happen. Um, it’s it’s unbelievable. um platform, an unbelievable system that we’ve been able to devise and it will talk you through your trades, too. It acts as like a a trading coach. It’ll help uh identify for you what are some of the common things that you continuously do wrong in your trading. It’ll keep your emotions in check when you’re in a trade and it will guide you through real-time analysis while you’re in your positions. It’s it’s absolutely unbelievable. It’s amazing. So, we’re going to open up the main chat. We’re going to go back into there. Adam uh worked on that last night with some members. there was a little bug that he he wanted to fix that has been fixed today and he’s ready to gonna launch it and give it out to you guys here today. So, we’re going to go back into main chat after this live is over. Uh, and we’re going to be doing that. All right. So, just a quick heads up there. So, quick check back in here. We’ll go back to Alphabet and so far nothing really else to talk about. That support level held the low 330 support and we’ll see if that continues to be the case after the conference call. I don’t see myself trading Alphabet tomorrow. Um, I just don’t think that there’s that clear of a setup here. I like it. Like I said, the long down here around 330, 325. I think that’s a good idea, but if we’re just going to sit in the mid340s, I don’t necessarily see a good setup there for us. Tesla Tesla’s broken underneath a support level that you had at 365
- We broke underneath it after the earnings.
print some negative things, negative pieces of that earnings report there on Tesla. My opinion, the biggest one there is the margins uh coming in and being a miss.
We look for that to be resistance. Now if tomorrow morning we are underneath this 365 level, okay, look for 365 370 zone to be resistance for short trades with a stop loss above 37
and look for it to roll down into the low 350s. But before you get yourself all excited about the short, wait for the conference call. many times in the past. The real move on Tesla’s earnings is not the earnings themselves, it’s the conference call. So Tesla’s down right now following its earnings. That could be a completely different story by six o’clock, 6:30. That conference call should be getting underway around 5:30. So wait till tomorrow morning. If you’re underneath this level you see drawn on my screen, we can look for it for a possible short service. Now, I mentioned you guys again here. I’m not going to be trading this tomorrow. The stock is in a really nasty consolidation
after a very severe downtrend. Um, I don’t see signs
yet of a of, you know, a safe bottom that I can buy off of.
I don’t see, you know, an extended upside move that I think is going to end up being a good short. To me, this is a choppy consolidation. It’s not something that I want to be trading. Remember, trading what I said to you before, it’s about high probability. I don’t see high probability right now on Service Now. Okay. And then IBM, same thing. Not going to be trading IBM. Major support at 200. I wouldn’t be surprised if we bounce off 200. But the real drag here is that, you know, a lot a lot of disappointment in their earnings. The main disappointment came a week and a half, two weeks ago when they kind of gave you that pre-announcement. But since then, you know, with that overhang, you kind of have to question how far of a bounce can you get. Even though 200 is support, just with the negative on the on the fundamental level, not so sure that that’s a long idea that I really want to be taking at this time. So, I’m going to also stay away from IBM. Okay. So, Tesla is going to be the number one focus for tomorrow out of the stocks that have reported earnings. This will be the number one focus. This to me has the higher probability. We just got to wait for the conference call to give us the green light to go ahead and take that trade. So, that wraps it up. That does it for me here. Hope you guys enjoyed the analysis here on the live earnings. We’re going to be doing a lot more of these next week. earnings really get underway with the rest of the MAG 7 minus Nvidia uh and the the bulk of the S&P 500 will start reporting next week and we can really get a good look um on what this earning season is going to be because so far earnings have been fantastic before today before Tuesday as of Monday uh around 87 88% of the companies that reported earnings beat. We’ll see what that looks like after next week after the bulk of the S&P reports. Um, so it’s going to be it’s going to be a big one. I’ll be going live next week as well when we have Amazon and Meta and Microsoft and Apple. I will be going live for those earnings here as well. So, you make sure you guys subscribe to the channel, turn on your notifications so you are notified when I do go live so you don’t miss out on any of that discussion and commentary and analysis and trade ideas that I’m going to share with you. totally for free. All right, you guys want to trade with us live and use the tools that we discussed?
If you need help signing up, you have any questions, don’t hesitate. Shoot us a text 1888-621-2127 members. Head back on over to main chat. We’re going to go ahead and open up Main Chat now and I’ll see you guys all in there. Take it easy, folks. Have a good one.