https://screencast-o-matic.com/watch/c3iIF5V0diCThe June CPI number came in at 9.1%, which was above the 8.8% estimate. As we discussed, it's not reflective of now, since prices in many areas have dropped since early June (see oil which makes up 8% of CPI). At any rate, price action is what important and initially the market went into a bit of panic before recovering. All three indexes are now green. Nothing has changed in the overall pattern and edgeless outlook, but we'll watch that 50ma on the indexes very closely for clues. Earnings season should provide catalysts. Zoom is around stop level which have loosened a bit to around 98. Stocks in play include : LABU, ARKG, ARKK, LCID, RIVN, XM, RBLX, BYND, DOCS, SPOT, DKNG, SNOW, DDOG, DOMO, U, ROKU, PATH, BMBL, PLTR, ETSY, GRWG, YETI, GLBE, CHWY, PDD, RCKT, LGND, VEEV, EDIT, AAPL, GOOGL, AMZN, CRM, ZLAB, BOX, TEAM, FRSH, INMD, TWST, AI, AFRM, PEP, SFIX, DKS, FCEL, AAPL, AMZN, PAYC, LOVE, OKTA, CRWD, VEEV, VCYT, BEAM Re-open stocks: UAL, LUV, SAVE, JBLU, WYNN, PENN, LVS, MGM, SHAK, EAT, CAKE, CMG, HLT, MAR, CGC, RCL, CCL, BBBY, SHAK, KSS, M, WOR, X, CLF, FCX, SIG, CMG, DKS, LULUBig tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFT, AMD, CRMETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBB, CLOU, SKYYCurrent positions: Still holding ZM. https://screencast-o-matic.com/watch/c3iIF5V0diC
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
July 13, 2022

