Latest / The Finance Pastor Show / Stock Market Update Ep. 010
Transcript
- The Finance Pastor: Hello everyone, the stock market continues to sell off today. The SP 500 is still getting a beat up from the move that it had yesterday. And a lot of A stocks, AI stocks are really struggling today. We're seeing that the stock market, the SP is currently down 30 points. The NASDAQ is down 280 points. And the bright spot, the Dow Jones, is actually up 217 points as we're speaking right now. There's a lot of making moves that are happening right now. We're seeing a big sell-off in Micron and NVIDIA, a of just darling stocks that are really powering the AI movement. We're seeing a lot of indecision. ⁓ We're to see a lot of market imbalance as the SAP ⁓ tries cross over the seventy eight hundred mark. We see a lot of imbalance where many sellers are rising up to the occasion. And they're beating out the bulls at that 7800 mark, and it seems like it's a place of indecision. this stock market have a short downturn? ⁓ the answer is it could have a short downturn. But we're seeing that we're seeing a lot of V-shaped recoveries and a lot of the things that are coming into the future. No knows what's gonna happen. Many people thought that the agreement with Russia and the United States on the diesel will help alleviate a lot of the gas prices. It's come down very little, but we're seeing that Iran is still in it to win it. They want to fight, even though Iran is a true ally for our China is a an ally for Iran. We're starting to see a lot of infighting and agreement that Russia is doing with the United States, ⁓ it's really sitting well with a lot of the Iranian people, the Islamic Republic. And we're seeing that many people are not. Bullish on what's happening over there. There's no ceasefire. thing was supposed to be a short little mission. It has dragged out. And soon before you know it, we're in another war. And that's where the United States finds themselves right now. What is going to happen in the stock market that today? No knows. But what we're starting to see is a lot of imbalance, and the right now are being done very, very precipitously. we're starting to see more imbalance. And more sell-off right now as the SP continues to drop, it's dropping down to 42 points. The NASDAQ really took a surge to the downtown, to the downside for 351 points. So what is going to happen next in the stock market? Nobody knows, but I do want to take a look at a few charts and see what's happening in the stock market while we're here on live time. So me share my screen. Okay, we're seeing the S P five hundred, like I mentioned, is under that simple day moving average that I have. It's down ⁓ four points. ⁓ this is the ETF right now. Let me go into the actual. There we go. This is a little better. So we're seeing now that the SP is down. ⁓ we're seeing just a lot of imbalance in this range right here. This range, when you hear me talk about imbalance or you see hear me talking about a sell-off. This is the range that I'm talking about. This seventy eight hundred. It seems like the stock goes up, hits it, resistance, hits tries to go up again and it keeps g hitting this resistance part right here. Could this be a development of a ⁓ pattern? Maybe. Could it just be a consolidation waiting to move up? And the answer it could be. There's no right or wrong. It's the market usually ⁓ gives you clues. But it doesn't mean that it's gonna give you absolutes. There's never no absolutes. When you're reading a stock chart, consider this. It's subjective to the person who's interpreting it. Just like anyone can sing a song, but there's certain people that when they sing, you could feel the depths ⁓ of what they're singing. Same thing with the stock here. ⁓ you can actually look at what it could do, but it doesn't mean it's gonna do exactly what you expect it to. But we're seeing this imbalance right here in this section here in the SP 500. If it does come down, and I'm saying if it does, because it's not a guarantee, this could just go straight back up. You could see this 7500 mark right here. If it continues to drop, then you're looking at the 7200 mark. And I've talked about this place right here, is a pivotal place in the stock market. So the SP 500, we're trying to see what it does. Hopefully it continues to give us some type of ⁓ indication. Now, I drew this line several weeks ago. So I'm not saying that I'm perfect, but as I'm looking now, it has struggled to ⁓ it now is right under the line. Could it go down? And that's a maybe. ⁓ if I see the NASDAQ fall down, if it has a precipitous drop, you're probably looking at that 25%. That $26,000 range, that's probably where the Nasdaq could fall. Dow Jones doing everything opposite of the Nasdaq. Now you're starting to see some retracement in the Dow Jones. If you're starting to feel the heat from the Dow Jones stocks, you can may see this turnaround today. Now, this could defy the odds and keep going straight up. But also the Dow Jones has had its own little trajectory over the last few months. It has not followed the SP 500 or the Nasdaq. The Dow Jones has done its own thing. The recovery has been in its own time. And what we're seeing is just ⁓ many people, either stock rotation that's happening right now. We're seeing a lot of that. Many people putting their money in Apple. I've been in Apple. around the three hundred and sixteen dollar mark. I think it's when I my that's my dollar cost average right now. ⁓ that's when I started adding to this position. ⁓ I'm up a little bit on this ⁓ but I'm just keeping keep adding to my position. Tesla. I've talked about Tesla the last few weeks. I'm bearish on Tesla. I actually have options to the downside on the June ⁓ January options This is I'm probably playing this through the earnings and it's a it's a risk. So I don't have a lot of my portfolio on there. I love buying stocks, but for protection and for insurance and sometimes for speculation, I'll do option plays. Those are more for speculation. Those are funds that I use that I'm okay losing with. So Tesla, you're on my bearish trade. I'm actually have put options on this. And ⁓ let's see what happens because Tesla can move, it can change course, and it could just shoot right back up to the four hundred dollar range. So that's Tesla for you. ⁓ Netflix, what a powering through. I'm finally making some money on Netflix. So I'm in the 71 dollar range in this one right here, but I've also been speaking about Netflix over the long term. You've seen that they laid off about a thousand people. ⁓ You you never want to see that happen because I I've been in those situations. But also when you lay off people, what you end up doing is removing salaries. Those removed salaries now come into now through accounting now is considered income. So sometimes the way you some companies raise income is by letting people go. Not only that, but you also have hiring cycles where just companies just hire people just to hire people. And that could be it. A lot of elimination of jobs, also AI replacing certain things. And that's what we're seeing. So Netflix, I'm glad it made a move today because I needed that move. we are seeing a lot of movement in oil and ⁓ oil, gold, and silver. Gold has gotten really beat up. Many people are predicting that gold could go back down to the 3500 range, which is a possibility. Which is you're looking at it in this range right here, ⁓ which is a strong possibility. This could go back down. Silver, again, I started repurchasing silver. ⁓ I've been purchasing silver for about 18 years. I've sold, I bought, I've sold, ⁓ but silver actually. I don't know what it wants to do. I would have thought that silver, and this is just opinion, I thought it would have kept trending towards the upside, but it has done the opposite. ⁓ many people who either sold at the 120, that 110, I mean you did well. If you bought at at 90, if you bought at 80, you bought at s 70, ⁓ you know, you're down right now, could you hold on? That's where you play silver and gold for the long term. That's just a store of value. If you're looking at it at today's price, you're gonna be upset. But when you have it, you're gonna thank God you have it. Ethereum has gotten beat up. So has all the cryptos. Bitcoin is down to the $80,000 range. This was expected. We talked about this consolidation. This right here, this consolidation in that 22, this is not a bad area to either repurchase more, add more tokens, or just add more to your position in Ethereum. I'm not giving you financial advice. This is opinion. If you're bullish on Crypto, I would say consider this. QQQ, this is ⁓ sorry, this is the E minis up just a down day. If you are playing the Nasdaq and you're on the downside, you're making some chunk of change today. Or you making some money today. If you were right on the Nasdaq, you'd you making some money today. Again, this right here is a strong move. The QQQ has has had strong moves the last two days. Mind you, the average move in something like this is generally fifty cents to two to three bucks. But when you have move of 17, 10, this is very, very instrumental in this stock. So what we're seeing is a lot of selling pressure right now in the in the stock market. We are live. This is all live numbers right here. So the there's a lot of market pressure. ⁓ we're seeing the NASDAQ. This is the SP 500. Right now it's moving in real time, down 38 points, but it keeps fluctuating. And we're gonna see a big move to the downside today. I don't know how big, but there it's it's anyone's guess. Nvidia, if you're looking to buy this stock for cheap, could this be a place? And the answer it could be. Now ⁓ I would say this is filling the gap, but it's already filled the gap over here. If this stock continues to fall down, this 2000 ⁓ excuse me, 208 mark would probably be the next step. But if it comes back down, this is another opportunity to probably purchase more NVIDIA shares if you're bullish on NVIDIA. This is opinion. I'm not telling you what to do. I'm very careful with that. I'm an opinionator, but what I tell people is if you're gonna play the long-term game, if you're gonna look for five, ten, fifteen, twenty years down the road, buying good stocks like this could be what makes it ⁓ your portfolio grow the to do the things that you've always wanted to do. So I'm just saying consider this. I'm not telling you what to do. Micron, I like this stock, even though this is a very expensive stock. I like this stock. We have seen this stock get hit and beat up. I'm pretty sure you're just seeing a lot of people just taking profits. ⁓ they were at the thousand dollar range, and you probably saw people saying, hey, if it hits a thousand, if it goes back up to a thousand, I must sell. That's what it looks like. from a fundamental standpoint, Micron is actually a pretty good company from fundamentals. I'm not saying they're gonna hit the next thing from a PE ratio from a debt ratio. ⁓ this is pretty a a solid company. And that's where if you're considering long-term money, this is not an ex a cheap stock, but even if you're buying three to four shares at a time, then what you can see that over time with stock splits, those four shares turn to eight. Those eight shares turn to sixteen. 16 so to 32, 32 to 64 over time. And that's what you're seeing with this stock. So I'm liking MU. I don't know what the stock market is gonna do today. But what I do know that there's a lot of indecision in the stock market. ⁓ one can tell what's going to happen. ⁓ what I do know this, if you have insurance on your stock, ⁓ you have good stocks, ⁓ will waive, I will just stay the course. Many With ebbs and flows. Think of this. I treat trading in the stock market exactly like investing in real estate. would I do that? Well, when I buy a piece of property, ⁓ don't go walk to it every single day and watch the value go up and down. I it ⁓ don't do that. When you trade stocks just like you do with a piece of property, you see that over time ⁓ starts building equity value. That's what stocks is. If you look at it from that standpoint, it'll ult ultimately change you invest. You see things so different than in times past. ⁓ I hope you guys have an amazing day in the in you're at. And I hope you have a great day today. ⁓ We know what's gonna happen in the stock market, but what we do know that God is in control. I'm praying each and every single one of you, ⁓ understanding that ⁓ has the power to give us wealth and we're so thankful for what God is doing in our lives. So talk to you guys next time. Leave your comments below. Like, share, subscribe. See you next time.