I bought $NFLX - follow along with all my trades and journal your own here -  https://savvytrader.com/Dailystockpick/2023-trading-portfolio

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I go over the Great 8 and price targets - Nasdaq rebalancing on July 24

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NOTES

$amzn prime day 

Tomorrow CPI data - I won’t do a podcast but I will have the newsletter

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Yesterday, almost every stock in the Nasdaq 100 went up EXCEPT the magnificent 7 (AAPL, MSFT, GOOGL, AMZN, TSLA, NVDA, META). The only exception was META that went up because its new Threads app gained a record 100m users in 5 days

The Mag 7 declined yesterday because it was announced that the Nasdaq 100 index will be doing a special rebalancing to reduce the weightage of the Mag 7 on 24 July. 

Currently, Mag 7 makes up 55% of the Nasdaq 100. This weightage change will reduce it to below 50%. This means that Index ETFs that track the Nasdaq 100 will be forced to sell the Mag 7 and rotate the cash into the other 93 stocks. The market has started to price in this change yesterday.

I expect the Mag 7 to have a bit of price decline because of this in the short-term... may be a great opportunity for investors to add shares if they get weak enough.

Look at $XLE since June

$XOM

$SLB

$OIH

$Mro was guy Adamis final trade and I like it 

$dkng 

$rivn 

$uber 

$pins

Look at savy traders portfolio 

$pltr

$ulta 

$pypl 

$sedg - $enph too 

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$DKNG (+8.29%), $SOS (+26.33%), $RIOT (+8.91%), $UPST (+12.37%), $MARA (+7.98%), $IOVA (+21.41%), $GRRR (+27.87%), and $NBTX (+24.52%).

Fisker rallying 17% on news of a $340 million convertible note offering that could double. Meanwhile, Carvana shares rose 16% after saying it expects exponential growth in its used EV unit as consumers look for more affordable options

Low-float Chinese stocks remain on traders’ radars, with Prestige Wealth jumping nearly 500% following last week’s initial public offering (IPO)

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Wall Street analysts are bearish on the second half of the year 2023

How accurate are their forecasts?

Every single time Wall Street was net negative on S&P500  2nd half of year returns, market delivered positive gains    

1999 = 7% 

2019 = 9.8% 

2020 = 21% 

2021 = 10.9% 

2023 = ???

$GOOG Google closes below its 50 day SMA today for the first time in nearly four months!

Below $115 we have a gap to fill.

https://share.trendspider.com/chart/GOOG/29883xattvl

Social requests

$CAKE - by Sherry

$MULN for Joe

Mark from Spotify - Gary can you please cover. $gld at least on Mondays and or Fridays. I believe lots of everyday listeners do play GOLD and SILVER options. Thank you in advance. Great news on your dog.

Evin on FB - $GWW

Sam from fb 

Hey would you mind taking a look at PAGP. I have been playing around looking for potential breakouts on finviz and this one kinda looks interesting not sure if it’s got enough upside left.   

Carl on YouTube asked about $t 

Trevor on fb 

Gary, do you think it's a good time to get into $CAT medium to long term?

SCANS

$PYPL

$ETSY

$CRM

$GS

$UMDD

$HIBL

$URTY

$TARK

$ARKG

$ARKF

$ARKW

$ARKK

$WYNN

$RKT

$CAT

$SBUX

$BLK

Vanguard cross ups

$VO

$RSP

$VBK

$VWO

$VOT

$VB