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There are quite a few good buying opportunities in the market that I go over. $TGT reported earnings which should give guidance to the market, Jim Cramer hates $PYPL, $TSLA getting to the $220 handle, $SOFI under $9, $ET back to where insiders bought and $META under $300. Plus a lot more.

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NOTES

Pain trade is - yields on bonds (10yr specifically) still goes up - numbers like retail sales keep going up - and market is positioned for a soft landing. The danger is the market position is out of wack - if that’s the case - the market will correct with the Fed being higher for longer. No analysts are taking their earnings estimates down. 

If the market was panicked - the VIX would be at 25 - it’s at 17. 

$CAVA moved huge on it’s first earnings report

Stock Nerd bought more $Uber - I was close to pulling the trigger but I just didn’t see a rally at all. 

$LYFT flew because the CEO bought 100k shares - it’s an interesting move

$tsla moving down to $220 handle with cutting prices on s and x models in China by 7% 

On this slide you can use $tslq 

$msft may move down to $290 - that’s a 50% retracement back from the previous highs before the big move 

China is slowing - expect Chinese stimulus in September because the economy is that bad 

Jim Cramer on $pypl 

After loving PayPal at $200, $225, $250, and even $300

Jim has officially thrown in the towel at $63: "I don't want to own the stock"

https://x.com/cramertracker/status/1691236301754798081?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

Don’t sleep on $sofi sub $9 - while many student loan folks may not pay - there will be people that will and $sofi will benefit 

Also $et which had all those insider buys 

$boil below $70 again 

My newsletter provider is now a social network 

Writing seems to pay up to $250/hour too 

This in-demand freelance job pays up to $250 an hour, doesn’t require a degree

https://www.cnbc.com/2023/08/14/this-in-demand-freelance-job-pays-up-to-250/hour-doesnt-require-a-degree.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Episode 100 of n2backpacking 

https://open.spotify.com/episode/5Ve9EvLRuipmG8HOWSXOwl?si=XiQ1eCCFRo2Atxq9Sr2hPQ

Cathy woods with a dire prediction as an economist 

https://x.com/cathiedwood/status/1691291383099801601?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

$tgt reported and is up 8% on results 

$tjx beat and moves to all time highs - it’s expensive but they continue to perform

$Intc not buying tower semi - so their shares going up since that was going to be a big capital spend 

$coin is now going to offer futures trading on Coinbase - up 5% 

50 day moving avg in newsletter.

Social 

SRTY: EMA 200 crossed up the SMA 200, support around $36... may have room to run?

https://share.trendspider.com/chart/SRTY/71375d6yxex

SPXU: Ascending wedge on the 4hr, i think it can break through. Descending wedge on the daily.

https://share.trendspider.com/chart/SPXU/71375d75h86

QID: Just crossed the SMA 200, MacD crossed up the signal on the 4HR, RSI is about right, and the CCI looks good.

https://share.trendspider.com/chart/QID/71375d7bs0n

Side note: I've been working on a strategy, keeps me in a bit longer than your 4 hr but works with certain stocks and longer hold expectations. http://charts.trendspider.com/shared/64dc4c1a16d6a80017786f7d?t=2

Cheers, Chris

SCANS

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