Netflix pre-market plunged, bulls can only comfort themselves, which is fine, after all, they've been bottom-fishing all the way down from 110. Not comforting each other would really affect the mood.

Stocks, once a downtrend forms, can keep falling for months, even a year. Many big US companies are like this—Apple/Microsoft/Google adjustments can drop from Nov 2024 to Apr 2025. Many are trapped, cutting losses before dawn, let alone Netflix and META.

These stocks have all moving averages diverging bearishly, candlesticks below MA5/10/30/60. All moving averages above will act as resistance, with huge selling pressure on rebounds. Refer to META759-580-670-600, or the trends of Pop Mart/Lao Pu Gold/Xiaomi—roughly this idea.

To be cautious, value investing should also consider technical patterns. Wait for a bottom rebound, solidify the base, and see candlesticks stabilize above the 10-day MA. Earning less is fine.

US stocks always reward the strong—gold/silver/copper bulls are very dominant. Wait for Trump's TACO before topping starts. No left shoulder yet, let alone the right.

SNDK/MU—too many shorts here. MU200+, SNDK300+ and shorts pile in, yet they don’t even set stop-losses. Suicide. Technically, the left shoulder isn’t done. Need 2-3 big bearish tops to confirm the head. If not, there’s still room for longs. Wait and see.

Of course, the funnier one is APP. Some small-time short firm released a short report, many rushed in at -11% to short, only to get squeezed overnight… If everyone knows it’s an opportunity, is it really?

As for PDD’s $100K fine… we all know what’s up.