Taking stock of all the gains we've made over the past month - what to expect going forward - Market update 11-11-22

I've given 6 stocks that have had 10%-20% moves in less than a week that I go over. I also go over a long term outlook for the S&P so tune in to see if I think the rally continues. Here are the notes I follow when doing the show. 

NOTE - I recorded live on Youtube and Instagram - links to both below in the LINKTR.EE

Largest 1 day Dollar drop in the history of the US dollar - that’s why you got the rally.

Home prices falling - rates rising and you’re going to see things level off. But remember - slowing down means slowing down - we’ve been in a 20 year bull rally that has been based on growth. If you slow down - that might be bad.

But this could be a year end rally that continues.

$Rmbs for Tom on Twitter

Vix has bottomed out at 19 on most of these rallies

Days like today don't happen in bull markets and it is by no means a signal to pile into stocks. In 2000-2002, the Nasdaq had 14 up days of 6% or more, and you would have been wrong 14 times if you thought the bottom was in.

BREAKING: China eases Covid measures, cutting quarantine and scrapping flight bans, per AFP.

https://twitter.com/saxena_puru/status/1590958375004958720?s=46&t=pqmhZZUrDf94OD2WSYzA_A

Bond rates tanked … look at the 10 year …. It’s going to come back up pushing these levels back down

$Bac $gs $jpm $ms $c

$Mara

$Gbtc

$Ethe

$Biti

$Bito

$Boil

$Uco

$Tqqq

$Sqqq

ENERGY

$VNOM

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

$PXD

$Xpo for dman

$Wday and other cloud stocks

Thank veterans

$Tsla - does Twitter need more money? Probably … he says it might go bankrupt … it’s losing $4mil a day

Earnings next week

$TGT $WMT

$ZIM $SBLK

$LOW $HD

$TJX

$NVDA

$CSCO

$SONO

$BBWI

$BABA

$M

$PANW

History for the summer

$SPG
$GS

$BAC

$BOIL

$TQQQ

$SOXL

$KO at $50

$META

Significant ones that look good

$AAPL

$AMZN

$GOOG

$PANW

$SHOP

$SNOW

$TGT

$XLK - example of the 200 day being resistance

Support the podcast - https://anchor.fm/dailystockpick/support

Social Links and more - https://linktr.ee/dailystockpick