https://screencast-o-matic.com/watch/c36tFmVu3taMETA is getting crushed on earnings as the big revenue miss has wall street wondering if Zuck has lost his way with the Meta-verse. We now have about 20% of QQQ missing on earnings over the past two days, with AMZN and AAPL reporting tonight. Surprisingly, the market again remains strong with breadth more green than red and QQQ 55% green while down over 1.5%. With the market holding up so well on negative earnings to 3 tech bellwethers, it has me wondering what it would do if AAPL and AMZN surprise to the upside. F and GM both have reacted well to earnings which bodes well for consumers. This week 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, HLT, ORLY, TDOC, GM and F. In today's video we look at a comparison chart of big tech versus QQEW that illustrated how strong breadth is in the face of big tech breakdowns.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/c36tFmVu3ta
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
October 27, 2022

