https://screencast-o-matic.com/watch/c36OqFVuFRATeh big headlines today is that GOOGL and MSFT's big slide is "weighing on the market". While this makes for a good headline, the market itself is actually handling these poor earnings reactions well, with half of QQQ green while the index itself is down over 2%. That is very impressive. Moreover, while SPY is down .5%, the equal weighted ETF RSP is green. Over the next two days META, AAPL and AMZN report, which could have a bigger impact of these all come in with negative reactions. That being said, I like the market action and will look to add later in the week if we see more strength and positivity post inflation numbers. Pot stocks continue to look strong as do energy stocks off multiyear trends. Setups off earnings basically come in two varieties: 1) relative strength stocks that have consolidated and use an earnings catalyst to set up a new run and 2) beaten down stocks that use a catalyst/breakout to break downtrends. Stocks on watch include GOOGL, MSFT, BA, SPOT, ENPH, RBLX, VLO, OXY, SM, DVN, ISRG, DKNG, NFLX, CELH, TMDX, CGC, TLRY, TSLA.Potential IPO bottoms list: AFRM, AI, AMWL, ARRY, BMBL, GTLB, FROG, ABCL, CWHY, COIN, DASH, CPNG, DKNG, FIGS, FORG, FROG, FRSH, GLBE, HOOD, LMND, MNDY, PATH, PINS, PLTR, RBLX, RIVN, SNAP, SOFI, SNOW, SPOT, TOST, ZM.Current positions: DISBig 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/c36OqFVuFRA
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
October 26, 2022

