Daily Stock Picks

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Tesla is moving upwards and has really bullish signals in the charts. Check out the charts on the 10-18-22 YouTube Live stream (click the social links). 

Elon buying Twitter and Kanye buying Parler

Single bond etf - you get access to treasury bills - reason to own this is because buying bonds is kind of tough and u have to hold it … u can trade these - $tbil $utwo $uten

.15% fee which is big

Rblx- most likely short covering is why it was up this much

Soxl vs Soxs

Boil vs uco

Sqqq vs tqqq

Roku

Meta

Gs earnings - beat and renewed their deal with apple - restructuring is growing in to new areas like consumer banking - book value has grown 40% since 2018 - that’s huge

Bac - up again - $30 remains a pivot

Jnj- beat earnings again - great quarter

Have you guys seen ai Joe Rohan interviewing Steve Jobs? It’s crazy

Lockheed Martin beats and reaffirmed guidance - boosters share repurchase $14b - sees 2023 flat - will move to growth in 2024

Tsla stock is a big mover again

Activist in sales force crm

SCANS

CRM

ARKK

ARKW

AMZN

SNOW

NVDA

SWKS

DOCU

ILMN

CEG - so go over SO and DUK

USAC

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England is a mess -fired finance minister and halted tax cuts and will have to weaken currency and raise taxes and cut spending

$Bac - earnings good - beat on both top and bottom - average loan up 12-% -

Elon buying Twitter and Kanye buying Parler

$MS says $APPL is a top stock to own in the event of a us recession

Apple Store in Oklahoma wants to unionize

Apple also will not use Chinese chips amid political pressure

Xi over the weekend warned about interference with Taiwan - chips could become a politcal pawn - like energy - $SOXS would be the play

$Kold up again - check $boil

$Uco $sco check ‘em

$Soxl $Soxs

$Gs reorg …. Reports tomorrow … still near book value

Helma Croft on cnbc - recession fears has been driving prices lower - so this should be a floor - with the us pushing against saudis Europe will need oil when they sanction Russia - us producers have not increased production - so the question is what happens - if the us bans export of oil it will bring prices here down but our Allie’s will be in pain - it all comes to a head in December

$Lfg - up big

Anyone else see the fed governer Bostic trading stocks against the rules of thr fed for the last 5 years?

$Meta headset - gene muster is not a fan but I saw marques brown Lee on Instagram how you can use the headset as having like 4 huge monitors … this would make travel easier with a laptop and trading … so there are use cases

$Spot for Jackson on ig

$SO - Like $DUK - utilities from last week

$COST - can’t justify it yet

$UNH - cross up at $516

$XLF - $31.45 cross up

ENERGY

$VNOM

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

$PXD

Scans

$Vz

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Best explanation I heard about yesterday was Bob Pasoni on CNBC. The VIX ($UVXY/$SVXY) that it monitors now - CPI data, Fed and Elections. 2 of the 3 with the readout yesterday are off the table and we know about. That made people move to safety. 

$AMZN didn’t move well and neither did ark

Money went to places where people expected growth like $AAPL $MSFT and Energy 

This setup and run up happens right before earnings which should be brought down

$Udow

$Ddow

$Soxl

$Soxs

$Drv

$Jpm $gs and other financials went crazy

$Nflx - $6.99 per month ad supported tier … remember … msft is their ad partner

$Meta - in their $1.2 billion decrralizeland - only 30 active users …. This seems like someone built it and they aren’t coming … remember MySpace being bought for $1 billion and then not existing?

The uk is making markets going nuts with them going back on tax cuts

$C beats -$MS slightly missed

$HBI - Beat up enough?

Cathy woods down 66% and buffet down 6%

ENERGY

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

$PXD

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull

$SARK - bear

$TSLA - cross up - possible buy back with so much cash - could boost stock way up

SCANS

$TSLA

$MS

$AMD

$APPH

$DIS

$LI

$SNDL

$SEDG

$PLUG

$CSCO

$AMD

$SO - Like $DUK

$MS

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Every reaction in the market is an over reaction - so listen to the podcast and watch the Youtube Live (link above) to see the charts and why I'm not overly concerned with the downturn but I do think this continues. 

$DUK energy sliding pretty hard. At yearly lows rn. Might be a good thing to bring up for tomorrow

$Eqnr for Alex on Instagram

Wall Street journal story that the administration is negotiating with the saudis and opec on buying enough oil to refill the strategic reserves and in return the pullback and price gain won’t go until December (after the elections)

$Ccj cameco buying Westinghouse ccj nuclear for $8billion …. Way down on news but may be a good rebound

$Vz - may be for a bounce

$Amt - back to covid lows - bounce

$Spy we aren’t over sold - he says sell spy

Jim Cramer says these 14 stocks are ‘about to pop’ - Here's why he's a hypocrite saying today's buys are dumb - he just said buy last night. 

https://www.cnbc.com/2022/10/12/jim-cramer-says-these-14-stocks-are-about-to-pop.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

$Dal - beat earnings with higher guidance -

Airlines are trades though

$Msft surface pro 9 will ditch the $INTC and $amd chips and will choose qcom chips …. $AAPL makes their own chips - because it’s operating system eco system is closed … most likely nobody is getting in this market … with pcs it’s game on

Futures shot up with news that British govt is about to do a uturn and reversing their tax cut plan because the pound has gotten too weak

Then inflation came out hotter than before (which the Biden admin had said) crashed the market …. Thr fed will be raising even more … this happened in 1982 … significant moves in the bond market ..

Higher inflation in rents and nothing in the report says they will slow down … expected fund rate goes to 4.83% in 2023 which is a huge move

Buy quality companies with good cash flow - leesman brought up a good point - $DAL releases earnings and no seats available … and they don’t have pilots to fly the planes … so demand has not been destroyed and ticket prices are going up so people will pay it … fed wants people to question if they should pay it

This is what will take the s&p to 3200 for that gap fill

Social security announced an 8% increase for 2023 … the highest ever and this is how govt runs out of money

Jim Cramer saying people buying stocks are dumb … let’s go to the video tape last week and check his club buying - he’s been saying things could bounce and even put out a list of bounce stocks last night … he rewrites his own history

ENERGY

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

$PXD

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull

$SARK - bear

$Mara with crypto decline

$Bac under $30

I don’t think there’s support to buy things long now

SCANS

$TLRY

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$Nflx earnings… fill that gap with any good news

$NKE at $88

$DIS below $100 still

3505 is a mid term support but 3200 is a main support according to Katie Stockton who has beeen right - use a relief rally as a selling time

Thinks oil is in a range but stocks should go up here too

$DVN $OXY $CVX $XOM $PXD $FANG $MRO 

$Clf

She recommends shorting TSLA based on the chart - it had a topping formation so additional downside is expected

$PEP beat earnings

$Tqqq going up

$Boil is up

$Bac trading around $30 .. that’s the pivot …. Before covid $25 was my pivot … it could go there - $JPM $GS

$BRK.B selling at a pretty good discount … it’s a good stock to have through a recession

$Mrna is going up because merk is developing mrna cancer vaccine

Someone wanted me to look at $cei

Did anyone buy elons burnt hair fragrance? Within hours he sold over $1mil worth

Scans

$KO

$Wmt - like $TGT instead 

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$AAPL, $AMD, and $DIS opinions? 

Dan Fitzpatrick on Twitter - https://twitter.com/danfitzpatrick?s=21&t=-cD3KrTPUC6VOyHrLAp7mQ

$TSLA - great one

My strategy and the MACD

$SNOW has held up well

Chinese chipmakers are killed because of Biden admin not allowing them to be sold here … that’s definitely going to get some response from China - $Soxs going up

Weekly stock pick is Merck $mrk

Bond markets closed so stocks won’t be taken down by rising bond rates today

$F and $gm down about 4% - sell rating by an analyst - they think there will be a glut of cars

$GS says they see a huge inflow to money markets (cash) from retail investors

$Boil up - $uco up? Oil is down as profits are being taken and China demand might slump … buy on pullbacks

$RIVN down 10% since recall - make no mistake this is super expensive still - all vehicles recalled due to loose fasteners that can affect steering - remember - they have no service centers

$Tqqq under $20 again

$Drv - check it is just crazy good

$Cost $unh $appl

$Cs price

So not use margin and if you do ensure you have exit plans …. Margin calls on big down days can derail your entire portfolio

3 year chart of $xle and $xlk . End of 2019 returns

$Cvx under $160

$Pdx

$Dvn

$Xom

New graphic for the podcast - if you want to get barraged with DM’s - just ask for help with graphics

SCANS

$BITI

$SRS - another short real estate ETF - I like $DRV

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Carter worth - energy is still in play - likes $lng as it hasn’t broken trend at all - like $unh - I personally like $DVN $PXD - but $CVX $XOM $OXY $FANG $MRO $MPLX and others still have good moves - 

$Nflx has had a nice move …. When they announce their ad supporter platform it will move and we know it’s coming

$Amd cut q3 outlook … revisions are coming … amd immediately was down 5% .. came back ..: it’s looking very reasonable on valuation … $qcom still going up

Stephanie link on $Amd guidance down - Dissecting through $AMD which saw PCs down 53% q/q - bad but not a surprise. Data Center on the other hand grew 8% q/q - impressive. $AVGO vs $NVDA

$CGC is up … all pot stocks up … Biden pardoned all federal marijuana charges … he’s asking govovers to do the same … might be the start of legalization - $cgc $grwg $msos $tlry

3 fed governors have said the fed won’t ease … that’s what killled the rally and after hours another one - Waller - said he sees nothing in the data to slow down …: one of the governors - evans - said he sees the balance sheet - $11 trilliin - to be wound down within 3 years - that’s a lot of selling pressure

$TWTR opposes dropping lawsuit and Twtr shares fell further … getting out at $52 was a good call

$TSLA under $240 but the macd has not turned

$DKNG may do deal with espn … shares are flying $dkng - $DIS back under $100

$Cvs cratered after Medicare rating went down

$205 might be where $tsla goes to

$Slb for energy

$Meta might be a buy

$Snap may be a good buy

$Wynn has quietly been going up

$Gtii is ziptrader pick for retail

Jobs numbers were strong and a negative in the market because the fed will likely tighten more …. It didn’t tank the market but the dollar got stronger and bond rates went up … unemployment went down which may be the only thing the fed looks at

$Udn bearish dollar fund

$DRV

NO SCANS TODAY 

$UCO and $BOIL - I choose $UCO - it's got all the confirmation - but may be overbought - but if you own it - keep it. 

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Great discussion on YouTube live yesterday about trading psychology, when to get out … and great questions about how much of my portfolio I trade - 40 40 20

From tradingchik on Twitter

Most people overcomplicate trading. It’s really not that difficult

1. Decide what kind of trader you want to be

2. Build a strategy for your style

3. Develop a trade plan with rules

4. Start small and journal trades

5. Scale up as you establish confidence in your trading

Shop 

Costco after sept sales announcement - sales up 10% year over year - the weakest segment is e-commerce

Snowflake back to $180

Ford, $F, increasing the price of its 2023 F-150 Lightning Pro by 11% due to "ongoing supply chain" issues.

Tops

Fnger

$sjim and $Jim have been filed to do inverse Cramer ….

Alb - lithium play - Tom and Rose

Pdbc with the dividend… 5 year chart

Et and envx for Corey on Instagram

Boil vs uco

White House considering easing sanctions on Venezuelan oil which is cvx

Pton ceo says they have 6 months to see if the plan they have for a turnaround can work or not … they are laying off 500 employees and this might be a good gamble … I love the app but I do use it for free

Twitter - 2 sides having problems getting an agreement

Pins is up based on just the valuation of Twtr and upgrade from gs in that they can easily monetize … look at snap

Jobs number tomorrow is the key - Fibonacci is between 3200 and 3500 but if it’s a weak job number we will see the market take off …

Markets were down and then boom … back up … markets want to rally … enjoy it while it’s up …

Cramer is talking about Chips and Banks - SOXL SOXS or XLF - BAC - GS - JPM - C WFC

SCANS

NKE - fill the gap?

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OPEC - 2 million barrels a day cut - with this cut, the price of gas will rise. Dec 5th the Russian EU sanctions go in place taking those barrels off the market too (or more likely sold to China and India at a discount) therefore the price of oil will go up. Strategic reserve supply ends this month. Buy $CVX $XOM $COP $MRO $DVN $PDX  $FCX $MOS $CLF $Tops - crazy run $RUM for Alex on Instagram $Jpm filled gap from 2020 …. Up 5% - crazy good $Psx $Lng $SKT - cross up at $14.02 $TWTR - so looking at some of the private debt that Twitter will have to pay - the deal may actually close below $52 for shareholders - so that’s why it’s lower than the $54.20 $TSLA shares could jump 10% if elon says he doesn’t have to sell more to fund Twitter Abel Gregory - Chairman and CEO of Berkshire has been buying LIKE CRAZY - $BRK.A and $BRK.B - around $100mil worth - wasn’t a grant - it’s a buy I said $cs was going back to $5 …. Well it went past that Larry Williams - Ireallytrade.com - the charts say a strong run through Election Day $ATVI Wtd bounces $Mara SCANS $NIO $SEDGE $SWKS $MDLZ $DUK $CEG - $88.30 cross up $CHKEL - $81.18 $PEP

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Australia's Central Bank paused their rate hikes - that's rallying the markets thinking the US may pause. Whenever we see this pause - the market will fly. 

$TQQQ under $20 was such a great call 

$Eqt

$Lng

$Uber

Big day - is it an about face? Could be - we may see more downside, but a lot of articles I’m reading indicate the Fed WILL NOT be able to raise rates past December. When the market gets an inkling that the Fed may stop hiking - the rally begins. Don’t wait for that rally - get in because it will rally big

Inflation will still be around - but the market will rally.

$MRO

$DVN

$COP

$OXY

$CVX

$KO - at $55 - it’s going back to $60

$Cf - check $mos too

$TSLA - 2 red candles for the day indicate there will be more downside.

$BOIL down 10%

Devon is number 1 in energy space because you can sell calls and get great premiums on it

Burry is now bullish it seems saying he’s greedy

Charlie’s top 3 stocks for October

$Fngr- short interest sky rocketing

$Fnhc- doubled to $,69 - after hours sell off though

$Lvwr- just spun off from Harley Davison - massive volatile after spin offs

Top 3

$Fngr

$Aprn - short interest at 43%

$Surg- 56% short interest

Ark bought 132 k off $tsla

Tesla back above $250

$GOOG above $100

$AAPL above $140

$Msft above $240

$Soxl is on a tear

$Cs is bouncing back

$Gs and other financials doing well

$DRV button hook

$MU PLEDGES TO BUILD. $100B for building chip plant in upstate NY

SCANS

$DIS

$BA

$IBM

$JPM

$KO

$MS

$SHOP

$QCOM

$C

$F

$BLK

$BAC

$CLF way up

RISK ON TRADES TO WATCH

Metals and Mining

Chips

Energy

Transports