SEMIS are Spooky!

The SPY and QQQ both closed with significant losses, driven largely by bearish reactions to $MSFT and META earnings. Amid the market downturn, RBLX and PTON stood out with positive earnings responses. Meanwhile, $DJT continued its decline, though a daily higher low remains possible. $MSTR showed relative strength against other crypto-related stocks, while $SMH led the market lower, notably impacted by weakness in AMD, AVGO, NVDA, and MU.