July 23, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Houthi Attacks

Please click here for a chart of Google parent Alphabet stock (GOOG).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of GOOG stock is being used to illustrate the point.
• The chart shows GOOG is gapping down after reporting earnings.
• The chart shows a downward sloping trendline.
• The pattern shown on the GOOG chart is a topping pattern.
• Google earnings were better than the consensus and whisper numbers, but here is the rub:
  • Google’s free cash flow for the quarter was negative $5.9B.