Market Speculator Part-Time | Swing Trade Report

Paul
Singh
September 30, 2022
How to trade stocksbows-opengraphTrading-Watch-List

https://screencast-o-matic.com/watch/c3QvFCVtilOThe big news today is that even after all of the fed rate hikes, the inflation report again came in surprisingly hot, and Nike warned on earnings gapping down 12%. Not so surprising, Nike specifically said the strong U.S. Dollar is impacting them negatively. This sent footwear and related stocks gapping down as well, which impacted our DECK position. So now along with this news, we have AAPL warnings and downgraded, META laying off workers and Carmax gapping down 25% on earnings. This is all in one week, yet the market is somehow still teetering at it's support lows. Do we take this all as a positive or negative? Time will tell and next week we will follow the price action. If the ranges breakdown, it will be a bearish short signal. If we breakout of the range to the upside, there's potential for oversold long plays. In the meantime, no positions and enjoy the weekend.Current positions: Stopped out DECK.Big Tech Stock List: AAPL, META, MSFT, NFLX, GOOGL, AMZN, MSFT, NVDA, CRM, ORCL, AMD, TWTR, DIS, JETS, BJK, PEJ, RSP, QQEW, EWZ, FXI, Key ETFS: SPY, QQQ, IWM, UUP, UVXY, ARKK, IGV, SMH, XLC, IPO, XLF, XRT, XHB, XLV, IBB, XBI, XLE, USO, DBA, DBB, XME, GDX. GLD, SLV, TANhttps://screencast-o-matic.com/watch/c3QvFCVtilO

Subscribe to newsletter
By subscribing you agree to with our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Share