Energy is still going strong - Market update 8-24-22

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Yesterday was the lightest volume day in the nasdaq all year

$Nvda reports - Cathy woods bought 300k shares last week and sold them for a loss this week … she’s trading like all of us who have lost big on short term bounces we didn’t take profits on

$Baba pivot is $90 at this point

Friend that works at $AVYA - they have some issues financially - business is good - financials not so much - friend who works there worked for Worldcom, Enron, EarthLink and Windstream along with other businesses that have the same trajectory - interesting conversation

$PTON - strkes $AMZN deal - WOW - huge pop in the stock - it will change the game since Amazon is the biggest retailer - margins will shrink - but with clothes, shoes, bikes, parts, etc. - it should be crazy good. Half a million searches per month on Amazon for Peloton - this will allow more deals with other retailers too. Also will Peloton membership be included with Prime? HUGE!

$JKS is a falling knife - look at $CSIQ - Canadian Solar - it seems stronger

SCANS

Yesterday was $OXY - today $CVX - big energy seems strong

$BABA

$APPH

$BIDU

$PBR - remember the huge dividend? This has continued to just soar back to cover the gap caused by the dividend

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull
$SQQQ - bear

$SARK - bear