2 stocks I love right now and 3 to trade - 10-4-23 Market update

$BA and $NFLX I like entries in these - $XLU $UNH $PANW might be good to trade short term.  

Get my algo and a special offer on Trendspider - https://trendspider.com?_go=gary93

Get $50 off a year of Seeking Alpha.  https://www.sahg6dtr.com/2L9M597/R74QP/

TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. 

⁠⁠https://www.tesla.com/referral/gary82526⁠⁠

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

FREE NEWSLETTER WITH CHARTS - subscribe at ⁠⁠⁠dailystockpick.substack.com ⁠⁠⁠

SPONSORED BY VISIBLE - Check out this page: ⁠⁠https://www.visible.com/get/?3P8FJPM⁠⁠  $20 off your first month - only $5 for the first month

Sign up for Webull and get free stocks like I did - ⁠⁠https://a.webull.com/gGlte9iTQnfaDYFa4S⁠⁠

NOTES

At 2:20pm your phone will ring today and there will be a national alert - this is what the Illuminati said about yesterday in our meeting - this is how inside I am 

$SPY update

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

4200 is key level on the S&P

The 4,200 mark is crucial,” says Michael Kramer, Mott Capital Management founder. “Not only is it where the 200-day moving average [DMA] resides, but dropping below 4,200 also means the S&P 500 no longer boasts a 20% gain from the October 2022 lows.” The S&P 500 SPX closed at 4,229.45 on Tuesday, a 1.37% drop.

https://www.marketwatch.com/story/as-storm-clouds-gather-over-bond-market-watch-this-level-on-the-s-p-500-1bec2c46

$smci $pltr $shop down big yesterday 

2 stocks I love - $BA and $NFLX

Rumors about $SCHW having their long term debt at such low rates and HUGE write offs of financial sector - bonds are ruling the market with too much supply and so the price of bonds are going down and to get people to pay that - yields are going up

Weekly of $xlu looks like 2018 - there are only 30 stocks in this index and the majority are over sold - looks like it might come back to the $60 level - that’s a consolidation area - only a trade - not buy and hold 

$unh - 2019 saw a golden cross and we had a death cross and now have a golden cross on the daily - $515 is resistance but we are seeing higher lows - 7% back to $550 level and this could be a safety play 

$panw - trading near an all time high - this one is on sale - weekly chart has a bull flag on it $225 is a good support level - this is best in class for cybersecurity- beaten earnings and reported higher 10 out of the 11 quarters and it reports in Oct 

$meta to lay off metaverse workers 

$nflx price hikes 

Chip article 

China demand remains weak but does not appear to be getting meaningfully weaker, while we are seeing pockets of recovery within the PC and smartphone markets," a group of analysts,

For Nvidia (NVDA), the analysts raised their price target to $750, noting that even though supply is tight, there is still the opportunity for upside 

For AMD (AMD), which the firm has an overweight rating and $160 price target on, the analysts said the initial response to MI300X has been "very positive," especially on the hardware, though there have been some software issues.

For Qualcomm (NASDAQ:QCOM), they said the rush of Android smartphone activity is a "positive" and should provide support to second-half estimates.

$boil has turned 

If oil goes to $100 - $uco - if it goes back to $70 $sco 

OPEC kept production cuts in place so they want the price to go up 

Oils I like here

$PXD

$OXY

$DVN

$tsla launched a $43k model y with subsidies this goes under $40k which is huge and uaw strikes continue 

SCANS

$BA

$HIBS

$V

$MU

$UNP