Key Data For AI Trade Please click here for an enlarged chart of Alphabet Inc Class C (NASDAQ:GOOG). The chart of GOOG stock is being used to illustrate the point.
GOOG stock is down over 11% as of this writing in the premarket. 5% from the peak.
On the positive side, Alphabet’s cloud business is booming. Slowing search business is a warning signal.
065B. Momo gurus were urging their followers to aggressively buy GOOG stock, claiming GOOG was the lowest risk way to profit from AI.
We have been repeatedly warning that Google’s search business could come under pressure. Alphabet earnings are a significant negative data point for the AI trade.
As of this writing in the premarket, CAT stock is falling 12% as its revenue missed whisper numbers. A positive data point for the AI trade is Microsoft Corp (MSFT) beating whisper numbers.
com Inc (AMZN) will report earnings after the close. 5% vs.
5% consensus. 3% vs.
3% consensus. S.
5% vs. 3% consensus.
2% vs. 3% consensus.
S. 4% vs.
0% consensus. 2% vs.
5% consensus. Initial jobless claims came at 194K vs.
196K consensus. This indicates that the jobs picture is stable in spite of massive layoffs in the tech sector.
In the early trade, money flows are positive in Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), and Tesla Inc (NASDAQ:TSLA). com, Inc.
(NASDAQ:AMZN), Alphabet (GOOG), and NVIDIA Corp (NASDAQ:NVDA). In the early trade, money flows are neutral in SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).
The most popular ETF for oil is United States Oil ETF (USO). Bitcoin Bitcoin (CRYPTO: BTC) is seeing selling.
What To Do Now Consider continuing to hold good, very long term, existing positions and add tactical positions based on signals. The Arora Report is known for its accurate calls.
Most recently, we correctly called the rally from recent stock market lows and the 2026 semiconductor decline before a 25% drop in the Semiconductor ETF (SMH). In gold, we bought at an average price near $1,105, close to cycle lows, and took partial profits near $5,400, close to cycle highs.
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