https://screencast-o-matic.com/watch/c3lob6Vv4LDThe market is not happy. That's what today's price action is telling us. Tuesday's encouraging CPI numbers, which came after some encouragement from the Fed minutes a couple of week's prior, gave the market participants hope that good news was on the horizon. Powell made sure to squash that yesterday, and now today we have weaker than expected retail numbers and Europe hawkishly raising rates as well. As a write this the market indexes are all down around 3%. I believe it's the retail numbers that are the most significant news. We knew about the Fed trend. However, retail had been surprisingly strong which kept the market thinking inflation was not impacted consumers as much as expected. We did point out that the move to credit purchasing had to show it's impact at some point, and it looks like it has. I took small profit in SHOP and stopped out TQQQ at less than normal risk size. Between this and NVDA 2R gain our December seasonality plays came out ahead. Now the question is does the Santa Claus rally and it's 80% probability come into play this year. We'll stalk over the next few days and see how this post Fed market volatility plays out. The game plan remains the same, although it's now tilted bearish over bullish. If we do decide to go bearish, inverse ETFs SPXS, SQQQ, TZA, SOXS, FAZ, SARK. Potential shorts include DIS, SBUX, ASML, SNAP, PANW, RL, AMZN, BURL, DKNG. If the market rebounds over the next few days we go long same RS stocks before December 23rd. Potential bullish stocks include GRWG, CELH, MNST,NFLX, SBUX, META, 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, ACMR, SE, PINS, FSLR, ARRY, ENPH, SPOT.Current positions: noneBig 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/c3lob6Vv4LD
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
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December 15, 2022

