https://screencast-o-matic.com/watch/c0VlYzVwx3IThe CPI numbers came in line with expectations. This has been a rarity over the past few months and probably helps throw a wrench in the Feds plan to tank the market. While the numbers are a good sign, I am cautious over what could come over the next few days. This has been the spot for fake outs in the past, and the Fed team has not hesitated to rain on the parade in the recent past. Thus, I'll hold off and would welcome a slight dip before the next round of entries.That being said, there are a lot of good setups. We went over the plan for a number of them yesterday, and continue with the analysis today.In today's Report we go over how to game plan potential trades by taking 10 potential entries and 1) identifying setup 2) planning entry/risk/reward 3) calculating RR (see VIDEO). The stocks analyzed are ARRY, FSLR, JCI, BZH, OKTA, SHOP, DIS, SIG, URBN, HES, APA. All of these stocks are good potential entries most that offer at least 3:1 RR. Like, yesterday we see positive action in SPY as it remounts the 50ma. QQQ and IWM are leading with improvement in growth and biotech, and we are seeing strength across the board with energy, housing and retail leading. While still not quite there yet, this is the first step to some improvement in growth stock. However, we still need to see continuation which earnings season could provide.Bearish plays in AAPL, MSFT, AMZN, SPXS, SOXS, TZA, SOXS. Focus list stocks include SPXL, TQQQ, NFLX, META, DXCM, IDXX, AMD, MSFT, MCK, LMT, BA, ORLY, ULTA, NKE, ISRG, ETSY, DECK, BURL, OKTA, NEM, MRNA, JNUG, NUGT, SLB, NBR, CVX, VLO, OXY, DECK HUYA, LLY, MRNA, SBUX, AMD, DE, CEIX, APA, HES, BABA, BIDU, HUYA, YINN, CELH, MNST, MRNA, TBBK, PI, PODD, IRDM, MEDP, SMCI, EXAS, CROX, FL, SKX, BBWI, LOW, FCX, UA, LULU, MCK, MEDP, BDC, DOCS, MNST, ADM, CENX, AA, TEX, TBBK, TSCO, MDB, FSLR. The game plan remains the same. If we do decide to go bearish, inverse ETFs SPXS, SQQQ, TZA, SOXS, FAZ, SARK. If the market rebounds over the next few days we go long same RS stocks, leveraged ETFs and big tech.Current positions: Still holding SBUXBig 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/c0VlYzVwx3I
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
January 12, 2023

