Markets don’t go down anymore. Apparently. We tagged 6400 on the ES, and the insanity continues. Welcome to earnings season, where guidance saves the day, and traders try to make sense of chaos wrapped in an algorithm.
Key Takeaways
Tesla Trips, Google Grinds
- Tesla took a 6.5% hit this morning — that’s not a small move for the retail darling. When TSLA stumbles, it shakes the confidence of the crowd.
- Google (yes, that tiny company) whipsawed post-earnings but stabilized. Once again, guidance stepped in to be the hero.
Earnings Season = Landmine Season
- The pattern is clear: report, drop, recover… maybe. The chop is real, and it’s ruthless if you’re positioned wrong.
- Be selective. The opportunities are there, but if you chase, you’ll pay.
Retail Psychology is the Edge
- Traders are reacting emotionally. If you understand where the pain is, you know where the opportunity is.
- It’s not about being first — it’s about being on the right side when the dust settles.
What I’m Watching
Tesla’s weakness isn’t just a one-off. If it can’t stabilize, it drags other sentiment-heavy names with it. Meanwhile, eyes are on semis — if SMH starts to falter, we might finally get that elusive pullback.
When the market’s this frothy, stay sharp and stay skeptical. The exits get jammed fast when the music stops.
Until next time,
Garrett Baldwin
TheoTRADE
