Is $GOOG a buy at $109? - WHY? 5-10-23 Market Update

$GOOG dev conference announcements with AI - if it holds $109 today we are off to the races

$UPST went crazy

$RBLX earnings

Banks showed up on the daily scans as bullish

$ARKW is my favorite - but I take a look at all the $ARK funds

Tons of scans in the private FB group and listed below 

A look at $SPY weekly and whether we are in a bull or a bear market for a weekly perspective  

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NOTES

CPI - 4.9% - this is down AGAIn which is hugely bullish and confirms the fed may pause 

Bond rates down, stocks move up big and Bitcoin and crypto up big! 

This opens the fed pausing in June and likely reduces rates later this year IF things continue to move this way. 

We have PPI tomorrow and the debt ceiling still to get out of a fear mode for downside

Oil down based on supply level increase in the US and continued slow demand in China 

$GOOG dev conference - I think $108 is the breakout because it’s got very little resistance above - auto fib - old resistance turns to support at $109 if we close above it 

Dman commented 

jeld is up big time again.  Latest picks Generac, seas, smg, Is doing good too and Something Iv been looking at lately is ONON its a shoe company that got traction lately. Deff over priced tho I think. But mid and small caps are the opportunity I think since large is so crowded that being everyone playing safety. Gotta think out of the box sometimes in times like this and not follow the crowd. It's about what's doing good that people don't think are doing good is the trick think I'm getting the hang of.

$upst - crazy move 

$abnb - weak guidance but I do think it’s a good long term play 

$pypl - at $65 

$soxs - big move 

$nvo nordisk for Carl 

$dis earnings 

$RBLX down on earnings - still had an increase in users year over year

$mara and $riot 

$uco $sco 

$boil $kold 

$ARKK

$ARKW

$ARKG
$ARKF

Scans

$PXD 

$AMZN

$BA

$FANG

$XLE

$BOIL

$HAL

$SLB

$DRV

$SDS

$VO 

$VTI

$XLI

$RNG

$PINS

$CAT

$AXP

$ODFL

$GD

$LMT

$C

$COF

$USB