https://screencast-o-matic.com/watch/c0VwoGVx0QcA slew of good earnings reports this morning is helping the market fight off a continuation of Monday weakness. The market is healthy with the T2108 indicator showing us that breadth is strong. That combined with more and more stocks setting up classic patterns leads me to think about adding more positions. However, we still have the Fed on Wednesday. Stocks reacting strong to earnings this week include: SPOT, DOV, GM, PII, UPS, XOM, AOS, OP and PHM. PHM is particularly interesting. The homebuilder stock is breaking out 8% and nearing highs. This could lead to sympathy plays in other homebuilders that don't' have earnings in the next 2-3 weeks (see video). Stocks on watch include NFLX, META, AAPL, GOOGL, AMD, AMZN, JPM, ALLY, TSLA, LMT, SE, SFIX, BYND, PTON, ETSY, ZM, SNAP, MNDY, DKS, SKX, RL, LEVI, AI, DOCU, PATH, NET, OTIS, NUE, SOFI.The game plan is to start the week cautiously stalking setups, and waiting for the Fed decision and earnings to define the rest of the week and start of the new month. I am still slightly bullish. Current positions: Still holding SQ, CELH, MSFTBig 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/c0VwoGVx0Qc
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
January 31, 2023

