Samsung's earnings scared the market. Here's what Don's watching...
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Don's going live in a few minutes at 9:20am ET. |
And the pre-market's already getting spicy. |
Nasdaq futures are down 0.9%. |
Chip stocks are getting hit hard. |
Micron's down 5%. Nvidia, AMD, Broadcom... all bleeding. |
Even Samsung's massive Q2 profit beat couldn't save them overseas. Their stock dropped 7% because apparently Wall Street's worried about future spending and demand. |
Classic "sell the news" energy. |
Meanwhile, the Dow's actually UP 87 points. |
So we've got this weird rotation happening again... |
Where money's flowing OUT of AI darlings and INTO... well, that's what Don's gonna break down. |
Here's the setup: |
The indexes just hit new highs yesterday. Dow crossed 53,000 for the first time ever. |
Earnings are strong. Momentum's there. |
But the bar's getting higher. |
And when expectations run THIS hot, even good news can get punished if it's not "good enough." |
Don's gonna walk through what he's seeing in the pre-market... |
What levels matter today... |
And where the opportunities are hiding while everyone else panics over chip stocks. |
He's live at 9:20am ET. |
Don't miss it. |
Click here to join Don's live breakdown |
— The TheoTrade Team |
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