Be patient in this market - we have more downside - Market update 9-6-22

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Watch this recording LIVE on YouTube when I tape or the replay that includes all the charts and information I look at. 

This market is going to be up and down. It's best to stay patient and wait for an identifiable trend to appear. 

Do $spy and $AAPL long term charts

Opec cut … oil sharply higher - don’t say I didn’t tell you

Nordstream didn’t open back up so expect significantly higher nat gas prices in Europe

$CVS buys signify health (outbids $AMZN) - $WBA cross up

No real catalyst for tech until cpi data next week

GOLDMAN: “.. we have argued that the US economy can achieve a soft landing, even though the path is narrow. .. we see some encouraging signs that the economy is moving toward .. these goals.” [Hatzius]

Cardinal health and Elliot management agree to add board seats … this is the same group that’s working on Pinterest

Chinese stocks are sinking with covid lockdowns … 60 million people in China are under lockdowns - $BABA $NIO

What happens when China opens up?

Europe it’s been nat gas - us it’s been oil and gas - but at the basic it’s energy

$Boil down to $90 - could be an opportunity - uk nat gas down 14% Dutch down 10% - gameshow in uk was offering energy bill payments as a prize

$Uco $sco

$Voo

$Cvx under $160 still

$Oxy under $70

$FANG

$DVN

SCANS
$WBA

$PFE

$LMND

$BMY

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull 

$SQQQ - bear

$SARK - bear