https://screencast-o-matic.com/watch/c0VZYUVxejU Healthy consolidation day as earnings starts to ramp up with MSFT reporting after hours today. Biotech, housing, industrials and financials are showing relative strength, while most other areas are trading in ranges. Next Wednesday is the next Fed rate decision, so be wary of getting too aggressive. That being said market breadth is strong with T2108 near highs. For now it's a healthy short term bullish market. However, the downtrend is still being tested.
Two weeks of strong earnings and a breakout would put the downtrend in the rear view window, but that is a big ask. We are building our earnings breakout list with ALLY, NFLX, JPM and MS all consolidating and developing post earnings setups. Stocks analyzed today for potential entries include PDD, JCI, FL, ROST, ISRG, JPM, MS, WING, SQ, CENX, CEIX, SLB.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: Added CELH. Still holding SBUX Big 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/c0VZYUVxejU
