https://screencast-o-matic.com/watch/c3llYtVvT2qA somewhat rare development is in play today with the market up but VIX gapping up as well. There is an easy answer for why this is happening: The big Wednesday Fed decision. all eyes are on the potential 50 basis point hike and Powell's commentary. If the market likes what it hears, we could see a mass end of year rally. If it doesn't, December seasonality likely goes out the window. For this reason I don't want to add positions heading into the meeting. However, I am comfortable holding the current 3 positions since both NVDA and SHOP are up leading to mitigated risk (see video). Growth and software are strong today and energy is testing key support levels. My 6 current favorite potential entries are NFLX, SBUX, META, OKTA, ENPH and CEL. US Dollar ETF UUP continues to teeter at the 200ma. If this level breaks it is healthy for the overall market as we head toward mid-December seasonality. Stocks in play include GRWG, CELH, MNST,NFLX, SBUX, META, ENPH, WING, ORLY, CHWY, DXCM, ISRG, ETSY, OKTA, IDXX, ASML, YETI, PDD, BABA, BIDU, HUYA, DADA, FAS, ERX, OXY, MRO, VLO, WDAY, BSY, MDB, CROX, FL, CECK, DKS, BYND, MCK, DXCM, LULU, ULTA, SIG, LNW, DOCS, DKS, DECK, EXPR, VLO, SLB, MRO, RL, OTIS, CAT, EXPD, HD, TOL, KBH, ODFL, UA, DOCU. Current positions: SHOP, TQQQ and NVDABig 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/c3llYtVvT2q
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 12, 2022

