texagbeliever said:

---

GOOG's earnings are after close today. For me, based on the general negative consensus for things not TSLA, I'd be worried some bad news could result in a gap down.

---

Bonfire1996 said:

---

GOOGL missed nominally when the miss was expected to be big. The rev miss was much smaller.

What's happening is GOOGL is proving itself to be the #1 cash generator on the planet.

---

SF2004 said:

---

I buy two lotto puts on $google and it rocket ships to the moon on a miss.

LOL!

---

GreasenUSA said:

---

Lake08 said:

---

Other than the regular posters that post their day trader action, this board is pure negative

---

bearish does not = negative

---

YNWA_AG said:

---

Msft went green

---

Quote:

---

Microsoft turned in the slowest revenue growth since 2020, at 12% year over year in the quarter, which ended on June 30, according to a statement. The company's earnings per share fell short of consensus for the first time since 2016, with net income rising 2% to $16.74 billion.

With respect to guidance, Microsoft called for $49.25 billion to $50.25 billion in fiscal first-quarter revenue. The middle of the range, at $49.75 billion, implies about 10% revenue growth, reflecting worsening PC sales and slower cloud infrastructure growth. Analysts polled by Refinitiv had expected more, at $51.49 billion. But for the new 2023 fiscal year, the company reiterated its forecast from three months ago, despite the economic climate.

"We continue to expect double digit revenue and operating income growth in constant currency and U.S. dollars," Amy Hood, Microsoft's finance chief, said on a conference call with analysts. She said Microsoft would lengthen the useful life of server and networking equipment to six years from four years. The company made a similar move in 2020.

In the fiscal fourth quarter, the biggest challenge stemmed from worsening foreign-exchange rates. Microsoft said that reduced revenue by $595 million and earnings by 4 cents per share. In June, Microsoft reduced its quarterly income and revenue guidance guidance for income and revenue just because of rate fluctuations. Revenue and income for the quarter came in at the low end of the ranges that Microsoft had put forward in June.

---

BaylorSpineGuy said:

---

Just a quick eyeball at the GOOG chart, it looks like it's gonna backtest the breakdown of that bear flag. Failure to hold that will likely result in lower lows. If it backrests and holds, it's back into that channel.

---

BaylorSpineGuy said:

---

Just a quick eyeball at the GOOG chart, it looks like it's gonna backtest the breakdown of that bear flag. Failure to hold that will likely result in lower lows. If it backrests and holds, it's back into that channel.

---

$30,000 Millionaire said:

---

Last couple of fed meetings, this has been the script:

• Gap up and some upward morning trading
• Give up morning gains to trade flat
• Doldrums until the fed announcement / presser
• Trap move down 50-100 points
• Recover par value and then soar 50-100 points
• Close on or near highs
• Gap up and sell off the next day

---

$30,000 Millionaire said:

---

They're heavily inflation dependent, apple especially. I'm not going to bet on it.

In conditions like this, I trade levels. Above 3850 I'm bullish leaning, below I'm not. Above 3960, I think 4050 is a good target. I bet we touch 3850 soon.

---

irish pete ag06 said:

---

irish pete ag06 said:

---

Played tiny... snagged a 303P on QQQ early in the day. Sold half at 100% rode the other down to about a 400% victory. Was probably the most stress free trading day I've just about ever had.

Just base hits you moron, it's that simple.

---

At Jamaica Beach RV Resort. Made 2 scalps. One laying down relaxing and one on the crapper. In and out. Best way for me.

---