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Daily Stock Picks

$SPY - is it 2022 again? If so - way more downside to go. Plus single stock and levered ETF's for short and long plays - 8-17 Market Update

Aug 17, 2023
41:47

The newsletter includes the charts to show where we are and where we might go if we follow 2022 in to the October lows. Plus - all the single stock Bull and Bear ETF's to let you trade around positions.


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NOTES

$wmt topped earnings and raised / driven by grocery and e-commerce - def losing steam though 


Blue shield of ca chose mark Cuban drugs and $AMZN - huge shakeup which brought down insurance companies immediately which may be a sign 


It’s $aapl dividend day - I got a couple thousand dollars 


We may be seeing 2022 style market with an expected October low 


https://share.trendspider.com/chart/SPY/18946f5y8wc




But why not to get out of the market 




If you invested $10,000 in the S&P 500 in Jan 2003, It would have grown to $64,844 by Dec 2022 (+548% return)


If you missed the best 10 days during the 20 year period , your returns would only be +197% ( 55% lower) . 7 out of those best 10 days occurred during bear markets. 


If you missed the best 40 days during the same period , you would have a lost money.


Time in the markets is more important than trying to time the markets.


$csco beat and the initial reaction was they were down …. Once they started their call they were up - so their guidance was def conservative - cheapest mega cap tech - it’s run - if they are sandbagging next year - this is a really cheap stock 


$fbl - 1.5 times $META daily along with others - I like $META going back to $350 and will add more under $300


$AAPL is going back to $200 - $AAPB may be a way to play that


$NVDA - I think this goes to $500 and $NVDL might be a good way to play it if it’s around earnings 


$BABA is going back over $100 - $BABX may be the way to play it 


$TSLA is going back to $250 - $TSL might be good


$TSL $AAPB $CONL $NVDL $BABX

https://graniteshares.com/institutional/us/en-us/fund-map/

$msfd - this might be a good one now 

https://www.direxion.com/etfs?filter=singlestock_bear1x_bullbear2x_bullbear3x_tacticalefts - a great list of single stock and levered ETF’s to trade. 

https://www.axsinvestments.com/axs-single-stock-etfs/ - more single stock ETF’s including $TSLA $NVDA and $PYPL

$dkng down - holding a little longer 


$sark - remember this one 


$chk - these utilities may be coming back 


$BOIL under $70


After soaring over 600% from its IPO price of $4, $SPGC is giving most of that back on its second day of trade, falling 85%. While it was briefly 2023’s best IPO performer, today’s action clearly shows investors remain uncertain about the company’s future. 🏌️


$VFS Vietnamese electric vehicle (EV) startup VinFast Auto cooled after soaring in its SPAC-deal debut yesterday. Shares were down roughly 19% today, though at their peak, the company was valued greater than Ford and General Motors. ⚡


$COIN Coinbase popped as much as 5% today before fading into the red as it takes on Binance in the largest market in digital assets. The exchange received approval to offer U.S. crypto futures trading from the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC). ₿



SOCIAL REQUESTS


$hibs from Brandon on fb - and yes - you do need TrendSpider if you’re trading.


Sam from fb 


$GGE (Green Giant Inc.)


SCANS

$CLF

$KOLD

$UVXY

$DDOG

$PINS

$LMND

$HD

$EXC - under the 200 day and it always goes back

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