A week of catalysts and $TSLA is a buy - 5-8-23 Market update

$AAPL is the best stock there is

$MARA and $RIOT - better than $PEPE or $POOH

$BRK.B under valued? 

A lot of stocks that are bullish with crossovers

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

Remember that $420 on spy has been the resistance so in my world I’m going to trim some of my more risky holdings and take profits - if we go past $420 I can buy back in because I think we see $470 

But if you have TrendSpider make sure you have your setup to identify a trend 

Look at bond rates on fidelity 

The main issue is the govt playing chicken with the debt ceiling. I don’t think they let it go but both sides are playing a dangerous game. They all meet tomorrow at the White House so maybe a big catalyst too. If a deal is done - expect a good pop.  

Pepe coin and Pooh coin in long angle - likened it to slot machines - some will win big but don’t hold it …. One member who runs a very successful crypto hedge fund said stick with eth and btc - forget others - and remember the miners are solid $riot and $mara 

Buffet meeting - commercial real estate was in focus and their holdings like $oxy and $aapl

Berkshire q1 profit up 12% year over year and they have hoarded cash - over $130b 

Regional banks like pacwest $pacw  and $wal are still going up - but not out of the woods 

Experts are saying don’t get in to those stocks because it’s too risky - but like anything - you could yolo 

$dpst is the short term play and $schw is the long term play 

$aapl returns over the years - it’s gotten most of the recent gains from stock buy backs so it could continue as they produce huge cash and pay a very little dividend 

Inflation (cpi) and producer price index on wed and Thu this week will be the catalysts 

Oil is up because recession fears seem to be fading with the move on Friday 

$tsla out of the $160s and is up at the $170s - you could get this as it goes to $200s again - I posted a Motley Fool article in the private Facebook group where they said it’s time to buy. 

$zs earnings pop - crazy good which affects $crwd and $panw 

SCANS
$OXY

$TGT

$CRM

$AAPL

$XLK

$IGM

$PYPL

$CRWD

$PANW

$LAC

$DRN

$TQQQ

$URTY

$BYDDF

$NFLX

$SEDG

$FDX

$ABNB

$O

$ENPH

$ROKU

$KDP

$LRCX

$FTNT

$WBD

$AVGO

$MA

$TXN

$GM

Vanguard funds 

$VUG

$VXUS

$VEA

$VNQ

$VBK

Sectors

$XLK

$XLRE