yeah not looking good, who knows maybe they pull some rabbit out
of their hat, or the stocks were sold off already on investors
expecting a high CAPX and so the reaction won't be as
negative because they've already been sold off on this expectation
like a sell the rumor, but who knows
long term as I've stated, AI isn't going away, but all this
nutso spending reminds me of the overbuild on internet in 1999 and
then this had to be worked over over 2.5 years with a big market
correction - internet didn't go away but that excess needed to be
worked off
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I really don't see how
Posted by johnny2012 on 29th of Jul 2026 at 12:12 pm
I really don't see how MSFT and META will bounce on earnings with the capex issue crushing the sector. Prefer to be short before earnings.
SOXL
Posted by rbreese on 29th of Jul 2026 at 12:31 pm
Johnny2012 are you back to caution on SOXL again?
Absolutely. Any upside trades are
Posted by johnny2012 on 29th of Jul 2026 at 12:33 pm
Absolutely. Any upside trades are scalps. 61.8 fib on SOXX is 440 so that's over 30 points downside on SOXL.
SMH
Posted by rbreese on 29th of Jul 2026 at 12:37 pm
What about possible 200 day target for this little puppy?
Has that small demand zone
Posted by johnny2012 on 29th of Jul 2026 at 01:08 pm
Has that small demand zone in the upper 490's first, so maybe a bounce there and then down to the 200 day. Sector is worse than not good right now.
MSFT will be higher post
Posted by kingpin15 on 29th of Jul 2026 at 01:36 pm
MSFT will be higher post eps
awesome call!!
Posted by hoek2 on 30th of Jul 2026 at 12:38 pm
awesome call!!
yep good call rbreese
Posted by matt on 30th of Jul 2026 at 12:39 pm
yep good call rbreese
no i think that was
Posted by hoek2 on 30th of Jul 2026 at 12:41 pm
no i think that was actually kingpin15 that said MSFT will be higher post eps - anyway
SMH:QQQ
Posted by rbreese on 30th of Jul 2026 at 01:07 pm
Reached very oversold last night with todays bounce OK so far. It was not me om MSFT. Anyone looking at the horrible breadth today is barely positive?
yeah not looking good, who
Posted by matt on 29th of Jul 2026 at 12:18 pm
yeah not looking good, who knows maybe they pull some rabbit out of their hat, or the stocks were sold off already on investors expecting a high CAPX and so the reaction won't be as negative because they've already been sold off on this expectation like a sell the rumor, but who knows
long term as I've stated, AI isn't going away, but all this nutso spending reminds me of the overbuild on internet in 1999 and then this had to be worked over over 2.5 years with a big market correction - internet didn't go away but that excess needed to be worked off