https://screencast-o-matic.com/watch/c3jXbmVZ9atPost CPI the market is now making it's way to the 200 day moving average. A remount of this level is big since institutions play close attention to this level. This also sets up a remount of the right shoulder of the overall topping pattern. That would be the last step in invalidating the big bearish setup. Keep in mind strong bear market bounces can overshoot and be very powerful, so there is not call of a bottom. We are only taking what the market gives us short term. Market breadth and earnings reactions continue to be very strong. Energy is showing strength with XLE remounting the 50ma. This was the setup for our energy KOS entry today. NFLX is pulling into the gap. Earnings and focus list stocks include AAPL, TSLA, AMZN, GOOGL, MFST, AXTI, SRPT, F, HLT, TXN, SMCI, TSLA, DHR, SPOT, CMG, ENPH, C, MMM, ODFL, ROKU, SNAP, SHOP, INTU, ADBE, MUSA, CELH, MNST, DECK, WYNN, EXPE, FAS, SOFI, FRSH, OKTA, MDB, DKS, ADBE, PATH, AI, ZS, MELI, SOFI, PYPL, AMD, DHR, ETSY, SPWR, AMD, VRTX, DDOG, PAYC, AYX, CHWY, DKNG, LYFT, TEAM, YELP, EDIT, VEEV, MNDY, GDRX, DOCS, W, SFIX, WW, GRWG, URBN, F, UA, LOVE, TOST, LMT, RCKT, VLO, NOV, WK, SQ, META, GOOGL, NVDA, DIS, RBLX, BROS, FROG, HCC, CEIX, MRO, OXY, COP, SM .Current positions: Still holding NFLX. Added KOS.https://screencast-o-matic.com/watch/c3jXbmVZ9at
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
August 11, 2022

