https://screencast-o-matic.com/watch/c3iubnVZZEnThe market is reacting well to the macro-economic news of the past two days: "Fed raise rates 75 basis points, which the market liked since 100 basis points was on the table (or more likely we were manipulated into thinking it was so the 75 wouldn't hurt as much). Powell gave mixed future guidance on the one hand saying that they could slow the pace of future increases, but also saying they would do what it takes to curb inflation. The market hopes this means future rate hikes will drop to 50 basis points. The market popped yesterday, but is pulling back this morning as GDP numbers are reported. GDP fell .9% after previously falling 1.6%. Technically this is a recession signal. The definition seems to be debated all over the pace, but what is clear is the economy is slowing." This was posted earlier today in the chat and the market is taking it all as a positive, easily holding the 50ma and today filling the open gap. These are the bullish scenarios we were looking for to start getting more aggressive. The focus now is on post earnings stocks. Post earnings stocks on the radar include GOOGL, NFLX, TSLA, F, HLT, TXN, SMCI, DHR, MSFT, SPOT, CMG, ENPHM C, MMM, ODFL, ETSY, ISRG. We also discussed entering the following stocks pre-earnings for potential run-ups (see video): NVDA, DIS, INTU, ILMN. Today's entry is NFLX based off the bottoming earnings breakout setup. It is speculative in that it has not filled the gap yet.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: Added NFLX. Still holding XBIhttps://screencast-o-matic.com/watch/c3iubnVZZEn
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
July 28, 2022

