Stock Market Falling Fast — Here's What to Do

[00:00:00] Speaker 1: A few things to talk about this morning. What's going on, guys? It's Ricky with Tech But Solutions. Hope that you guys are all having an amazing Wednesday. Let's go ahead and quickly talk about it. Nike was a stock that we brought up yesterday after it reported earnings. It actually beat earnings per share and revenue expectations. The stock still sold off due to, again, sentiment has been very bearish for Nike. Nike all of a sudden went from being down 10% on the day, I'm sorry, 10% after market hours to a full recovery and now being up 4.5% in the green. If you look from overall lows, let me go ahead and pull it up here. Overall lows to current highs, it's right around 15%. Now, again, does this mean that Nike has to continue to uptick? No, one day does not define a stock's recovery. If you look at it on the day chart, it's an incredibly bearish stock with consistent lower highs and lower lows. So most likely, there's a lot of excitement right now. There's possibly a lot of hype being factored in. Hopefully, right? This could be the turnaround story for Nike. But is it likely, you know, for this to be the time and the place to do it? Probably not, right? If you look into the fundamentals, like we talked about yesterday, I can make a whole video on it. But there is still some uncertainty with Nike. So please just make sure you don't get overly excited and kind of change your timeline and maybe the expectation that no Nike has to recover now because just as much as it's up today, it can give that back tomorrow, right? Again, true direction for Nike has been bearish, not just for a month, not just for a year, but since the end of 2021. I just want to make sure that you understand it because we talked about it as, hey, I'm thinking about investing into it as a long-term play for myself, for my kids. That doesn't mean that you need to agree with me. And that also doesn't mean that you need to do it blindly just because we have one good day. Just like we talked about it with UNH, when UNH began to recover, there were some really good days, really good weeks, but then there was also some really tough weeks, right? If you are overly invested or overly aggressive with your exposure. So I just wanted to make sure that we carry a very level-headed approach when it came down to talking about Nike. Things can get worse before they get better. Today's just a really good day for it. NASDAQ market, dude, it's kind of all over the place, right? We aggressively sold off right at the open. We caught it in today's live trading session with the LPP team. Other than NASDAQ, semiconductor stocks are getting destroyed. And although NASDAQ is only down 0.7%, I mean, it's done a beautiful job selling off, recovering, selling off, recovering. I'm not doing that good of a job today, scalping it like I was yesterday. Yesterday, I was very proactive with trading the highs and the lows. I feel like I got overconfident yesterday and I didn't want to make the same mistake again. So I've been much more chilled today. I did take a short on Micron during my live trading session with the LPP team. But guess what? My exposure and my position size was very small and I took profits right away. As soon as it was approaching support, I took profits and it went even lower. I do kind of have FOMO because again, on one of its biggest red days, I'm not really shorting it. And when I did short it, it wasn't really with much, it wasn't with a full position size. The thing is, is I'm not overly confident that this is going to last, right? Semiconductor stocks have just been so strong. I want to respect them, right? Like that's the last thing I want. I want to short it aggressively when it's already down 8%. And then it just does a V-shape recovery like we saw two days ago. That's the last thing that I want. So again, I'm just using myself as an example. I'm trying to learn from my mistakes, but of course, FOMO still kicks my butt every day. And that means the fear of missing out. So I'm no different than you when it comes down to like, I do want to short it, but I also just don't want to then give back all that I've made in the past few days because it begins to recover. I want to respect these previous support levels. And if we take that into consideration, the risk to reward just really isn't worth it. Okay, there's some potential downside, but there's a lot of recovery potential and markets are more bullish than bearish. Maybe not today, but remember tomorrow is the last trading day of the week. And then Friday markets are closed and observance to 4th of July. So please just make sure that you don't get overconfident. And then Trump sends a tweet, markets push up. And we all know that again, he's notorious for that. But semiconductor stocks are getting absolutely whooped today. We got Sandisk 9.7% in the red. CoreWeave is down 13%. And that's because of the meta news. Did you guys hear that? So meta is up 11%. And again, this is a $1.59 trillion market cap. Meta stock is up and it extends gains over 10% on the day on reports that it will be developing a cloud infrastructure business that will sell access to AI compute. This is perhaps the recent CapEx. Now all make sense. This is the main reason on why CoreWeave saw such a large retracement. So negative news for CoreWeave. I don't even know who would be still invested in CoreWeave. But again, maybe that's just me. I do get it. It's a little oversold technically speaking. But now meta, beautiful push up. I think this was long overdue. Meta was trading at a very low P ratio in comparison to its peers when it comes down to the max seven companies. But now it is approaching a technical resistance range. We'll see how that develops. But very happy to see that. The thing after AI, we talked about, yeah, a lot of money got lost as soon as markets opened. If you were long, we talked about it a little bit yesterday when it came down to the series of trades Trump has taken. Last year alone, he supposedly made over a billion dollars in one of his financial disclosures. A common comment that was made of like, hey, Nancy Pelosi takes trades. Why can't Trump? I've been very, I mean, I'm not a fan of Nancy Pelosi. I've called out Nancy Pelosi. I went live on Fox News and I openly called her out during the whole GameStop movement of like, we just want a fair playing field. Politicians should not allow, be allowed in any way. Them, their friends, their family. It should be an act of service, right? At least that's how I see it. Where if professional athletes are not allowed to, you know, bet on the games that they partake in, why are politicians allowed to invest in companies that they regulate? It makes no sense. But very simple. Trump has made 3,600 trades in Q1 of 2026. This is 58 trades per day. And Nancy Pelosi made 12 trades in 2025. Regardless, both are bad. Neither of them should be trading. In my opinion. There's no question that the corruption, especially on Trump's side, is much more significant. I mean, it's night and day difference. People were saying, Trump never promoted his meme coin that's down 96%. No. Directly from Truth Social. Not only did he promote it, but he provided a direct link to it. Again, it's like, you can't make this stuff up. There's no reason to hate if there is no truth behind it. Again, you can appreciate some of the things that Trump does as a president, right? But you don't have to blindly follow an individual that obviously is showing signs of corruption. He campaigned on the idea of being different, not being able to be bought. But all he's doing is enriching himself and his family and his friends while in the public office. Just doesn't make sense. US and Iran reached preliminary deal to release $3 billion in frozen Iranian assets. So this was an update that was released today. So again, just wanted to do my part in keeping you guys up to date. The big focus, kind of like, where do we go from here? When looking at the NASDAQ market and if we look at the larger or bigger picture, there is no question that, you know, looking at the big picture, markets are approaching an overbought range. If we do begin to trade below $725, $724, we do have the pullback potential to the lows of $700 for QQQ. My thing here is if markets do find a support and continue to uptick, I wouldn't mind buying the dip on companies like SanDisk. I hate Intel, so I don't even want to talk about Intel, but I get it. It's a semiconductor stock and it's a good performer. Micron would be at the top of my list of possibly wanting to buy it if overall markets begin to recover. But I've kind of picked up on, at least for the past week, Micron and a lot of these semiconductor stocks have been more willing to sell off even while the NASDAQ market is pushing up higher. I don't know if it's just me. You guys let me know down in the comment section what you think. Do you think that we're beginning to see signs of, you know, it's overbought enough in the shorter timeframe that people might be willing to sell and there could be kind of like a relief or a correction coming soon? Something that I kind of want to look out for as it approaches a major support range to see if we get, see a break of support and maybe a gap down. I would love the opportunity to invest in Micron long-term but I just would want it for a better deal. You guys let me know what you think. Also, huge day for MSTR. Bitcoin bounced at 58,000, right, after it sold off and broke below 58,000. Huge push up. Celebrate it. Big win today, right? Just so you could see no open position as of now. I'm waiting. I told my LPP team this morning. It's one of the top stocks that's on my radar to short. Now it pushed up enough that I would entertain shorting it. But, because remember, markets are overbought. If markets begin to sell off, Bitcoin and MSTR will most likely sell off with it. So I'm just waiting for confirmation. I hope that it pushes up as close to 100. I don't care, 120. The more it pushes up, we all know one thing. MSTR is great at doing one thing and that's selling off and crashing and getting diluted by Michael Saylor. So that's one thing I'm really looking at right now. But again, shorting comes at a greater form of risk. If you're a beginner, I would not short because again, you need to learn how to manage and mitigate risk before you choose to take short positions. With that being said, I love sharing my ideas because they're the trades that I see value in and that I plan to take, not because I want you or need you to copy me. That's not at all what it's here for, right? I'd rather you not copy me. With that being said, I thought this one would be quite interesting to talk about. MSTR, overbought, semiconductors, oversold, but again, what's going to be the big tell? NASDAQ. If NASDAQ continues to push up higher, then I'm just going to go along with semiconductors. If NASDAQ begins to sell off, then I'm just going to short MSTR because it's likely to sell off with it. So very excited to follow up. And also, yes, Fed chair did speak today and supposedly said that inflation is coming down. I feel like he's taking the Trump approach and just speaking things into the existence to bring down consumer sentiment or bring up consumer sentiment in the sense of that things are doing better than what we expected. Is that actually what's happening? I don't think so and we'll see once these reports actually come out. He can say anything he wants and markets will believe it because again, markets are a leading indicator but what's most important is the data and then that's what markets will react to. So very excited to follow up. I'll do my part in keeping you guys up today. I know we talked a lot about the market today but there's a lot of opportunities. Remember, you have today and tomorrow and markets will be closed on Friday. Happy July 1st. Hope that you guys have an amazing day and don't forget if you want to tune on into our live trading sessions at Market Open every morning, it's the second link in the description down below and like we've said before, it's a one-time payment for lifetime access. I appreciate you guys' time. Like always, let's make sure that we end the year on a green note. Take care, team.