30% of the S&P reports this week, but with bond rates rising - just be careful. The scans at the end of the episode are key here. 

Get my algo and a special offer on Trendspider - ⁠⁠⁠https://trendspider.com?_go=gary93 ⁠⁠⁠

Get $50 off a year of Seeking Alpha.  ⁠⁠⁠https://www.sahg6dtr.com/2L9M597/R74QP/⁠⁠⁠

TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. 

⁠⁠⁠⁠⁠https://www.tesla.com/referral/gary82526⁠⁠⁠⁠⁠

Social Links and more - ⁠⁠⁠⁠⁠⁠https://linktr.ee/dailystockpick ⁠⁠⁠⁠⁠⁠

FREE NEWSLETTER WITH CHARTS - subscribe at ⁠⁠⁠⁠⁠⁠dailystockpick.substack.com ⁠⁠⁠⁠⁠⁠

SPONSORED BY VISIBLE - Check out this page: ⁠⁠⁠⁠⁠https://www.visible.com/get/?3P8FJPM⁠⁠⁠⁠⁠  $20 off your first month - only $5 for the first month

Sign up for Webull and get free stocks like I did - ⁠⁠⁠⁠⁠⁠⁠

⁠⁠https://a.webull.com/IStte9iTQnfaDYFoCt⁠⁠

Get AT&T Fiber at your home - I have 1GB service ⁠⁠⁠⁠https://www.att.com/referral/code/?ref=TVY-3964⁠⁠⁠⁠

NOTES

Dow futures tumble 200 points on Monday as 10-year Treasury yield tops 5%:

$spy going below 200 day 

$QQQ has about 4.5% to go to get to the 200 day. 

⁠https://share.trendspider.com/chart/QQQ/189462w6dya⁠

Look at 2yr vs 10 yr spread on seeking alpha 

30% of S&P 500 companies are due to report earnings this week

Investors are gearing up for the busiest week of earnings season, with 30% of companies in the S&P 500 slated to report.

Tech titans GOOG & AMZN are slated to release earnings after the bell on Tuesday. META is due to report on Wednesday, and AMZN on Thursday.

Three key industrial companies are also reporting, starting with 3M and GE on Tuesday. BA is set to follow on Wednesday before the bell.

With GM reporting on Tuesday and Ford on Thursday, investors will also gauge the economic impact of the United Auto Worker strikes.

⁠Magnificent 7 to hold ⁠

Bitcoin almost $31k - $MARA or $COIN would be the play for a bitcoin ETF

⁠Crypto-focused stocks rose in premarket activity on Monday as Bitcoin surpassed the $30,000 threshold on hopes that the Bitcoin Spot ETF will finally be approved by the US Securities and Exchange Commission (SEC). Notably, among the top gainers were Riot Platforms +4.4%, Marathon Digital +5%, MicroStrategy +3%, HUT 8 Mining +7%, Bitfarms +4%, CleanSpark +6%, and Bit Digital +4%⁠.

Leon cooperman is my fav billionaire 

⁠https://markets.businessinsider.com/news/stocks/leon-cooperman-stock-market-outlook-house-prices-forecast-billionaires-2023-10⁠

$tsla thread that’s great 

⁠https://x.com/garyblack00/status/1716191007761420406?s=46&t=7y4v-tHaIEzjLo4Lw72X7g⁠

$cvx buying $hes for $53b in stock which would be $171 more per share - $hes is down because its near nothing for premium - its an all stock deal and should give cash flow that gets back to shareholders through buybacks and dividends which both were raised 

⁠SEEKING ALPHA ARTICLE ⁠

I sold $sedg - no point in staying in a stock with decreased demand and cancelation of orders 

Social requests

Scans

Went over on Friday how negative levered ETF’s all had cross ups

Absolutely NO stocks on the 4 hour show a bullish trend - so I did scans using other strategies 

$SBUX - inverse head and shoulders breakout

$MCD - Daily MacD cross up

$CVX - Daily MacD cross up

$VZ - Daily MacD cross up

$CL - Bullish Engulfing Candle

$ABT - Bullish Engulfing Candle

$AMGN - Daily Bullish Hammer