In this episode I discuss that we've seen huge intraday swings in the market this week so should Friday be the same? I also discuss where I think the S&P might end the year based on some discussions I've had with Fidelity. There are levered ETF's that might offer opportunities. 

UCO/SCO is a good play. If we had bought UCO and held this week, it would have been a nice 10% move. 

UVXY/SVXY were very good trading options this week for good gains. 

TSLA under $900 - is it a buy? 

MSFT under $300 - is it a buy?

FB under $290 - is it a buy? 

Maybe - there has been some support this week for these low levels and with RSI/MacD indicators all looking like upside is ahead, you may want to look in to adding these in your portfolio. 

PS: I woke up rather stuffed up and after listening to the episode my apologies for sniffing and coughing. 

I still think this market is headed down in the short term. Today's premarket is up, but it's been down and up all morning. Here's my take on the Fed  meeting yesterday, Tesla earnings, upcoming Apple earnings and what I'm buying. 

$ABT (Abbott Labs) is looking like it might be a buy especially with price targets and the technicals. I go over what I'm looking at. 

If you've got questions on specific stocks, let me know on Twitter or Instagram. 

$MSFT earnings last night may have been a trigger for a positive market today. $T also had positive earnings and $BA earnings were good despite the one time charges and write downs. On days like today, trading is preferred. Invest on down days. 

I don't think the downside pressure is over. The only reason you're going up is because it's sold off so much. Some of the biggest movers of the morning are the most beaten down stocks. 

UVXY was a good trade yesterday, but SVXY might be a better one today. Jerome Powell speaking at around 2pm is what will really tell us where the market will end the day. 

I still think long term your best buys right now are $MSFT, $FB, $GOOGL (Make sure to buy GOOGL since that includes voting rights and GOOG does not). 

I'm not looking to go heavy in today. We will start the day down (as has been the case). I don't expect a rebound like we saw yesterday. Check out my twitter for some good articles about how the S&P may go down to 4,000 (which would be an additional 10% move down). I talk about how I think $UVXY will go crazy today (already up 10% in pre market) and UCO/SCO may be good trading with oil fluctuation.

For long buys, I'm going to nibble on some $FB and $MSFT even though I think they may still have downside, I can move in with little positions today to dollar cost average. 

We're in for a severe sell at open. If trading, do UVXY, SARK, SQQQ. If investing, I would look at MSFT, AAPL and GOOGL as opportunities since they report this week. AMZN has more to fall IMO. 

WE ARE BACK IN 2022 for daily briefings

Big news - MSFT is buying AVTI at about $95/share - big gap up

Oil is at $85 so trade UCO/SCO

ARK funds are in free fall - get out if you can 

Stocks for 2022 - XLG, XLE, XLF

Stay the course and trade with information. 

Here I give you some good tips on what kinds of education tools I've been using. Ziptrader U is something I've been using and if you just google it, Charlie is on youtube and there's a facebook group that has been doing a great job in providing tips and tools as to how to trade. I've learned about validation and confirmation and the reaction to markets. 

And that UCO and SCO are momentum trades so you don't want to hold those stocks. Trade them for quick gains! 

Check out the chart on my twitter account http://www.twitter.com/dailystockpick3 

Buying SCO between 12 and 1 today and sell between 2 and 2:30 shows a high % gain for last week. This strategy should work today too. You should determine which one you want to buy - SCO (short oil) or UCO (long oil), but the moves between 12 and 1 and 2 and 2:30 should show gains today too. 

Sorry for some of the technical issues I'm having with the podcast. It will get better.