$AMZN prime day and I bought $NFLX - 7-11-23 Market update

I bought $NFLX - follow along with all my trades and journal your own here -  https://savvytrader.com/Dailystockpick/2023-trading-portfolio I love Webull - Sign up here and get FREE STOCKS I go over the Great 8 and price targets - Nasdaq rebalancing on July 24 FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com  SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG  $20 off your first month - only $5 for the first month Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - https://a.webull.com/yNyte9iTQnfaDYFHdv Social Links and more - https://linktr.ee/dailystockpick  NOTES $amzn prime day  Tomorrow CPI data - I won’t do a podcast but I will have the newsletter ________________ Yesterday, almost every stock in the Nasdaq 100 went up EXCEPT the magnificent 7 (AAPL, MSFT, GOOGL, AMZN, TSLA, NVDA, META). The only exception was META that went up because its new Threads app gained a record 100m users in 5 days The Mag 7 declined yesterday because it was announced that the Nasdaq 100 index will be doing a special rebalancing to reduce the weightage of the Mag 7 on 24 July.  Currently, Mag 7 makes up 55% of the Nasdaq 100. This weightage change will reduce it to below 50%. This means that Index ETFs that track the Nasdaq 100 will be forced to sell the Mag 7 and rotate the cash into the other 93 stocks. The market has started to price in this change yesterday. I expect the Mag 7 to have a bit of price decline because of this in the short-term... may be a great opportunity for investors to add shares if they get weak enough. Look at $XLE since June $XOM $SLB $OIH $Mro was guy Adamis final trade and I like it  $dkng  $rivn  $uber  $pins Look at savy traders portfolio  $pltr $ulta  $pypl  $sedg - $enph too  ____________ $DKNG (+8.29%), $SOS (+26.33%), $RIOT (+8.91%), $UPST (+12.37%), $MARA (+7.98%), $IOVA (+21.41%), $GRRR (+27.87%), and $NBTX (+24.52%). Fisker rallying 17% on news of a $340 million convertible note offering that could double. Meanwhile, Carvana shares rose 16% after saying it expects exponential growth in its used EV unit as consumers look for more affordable options Low-float Chinese stocks remain on traders’ radars, with Prestige Wealth jumping nearly 500% following last week’s initial public offering (IPO) _____________________ Wall Street analysts are bearish on the second half of the year 2023 How accurate are their forecasts? Every single time Wall Street was net negative on S&P500  2nd half of year returns, market delivered positive gains     1999 = 7%  2019 = 9.8%  2020 = 21%  2021 = 10.9%  2023 = ??? $GOOG Google closes below its 50 day SMA today for the first time in nearly four months! Below $115 we have a gap to fill. https://share.trendspider.com/chart/GOOG/29883xattvl Social requests $CAKE - by Sherry $MULN for Joe Mark from Spotify - Gary can you please cover. $gld at least on Mondays and or Fridays. I believe lots of everyday listeners do play GOLD and SILVER options. Thank you in advance. Great news on your dog. Evin on FB - $GWW Sam from fb  Hey would you mind taking a look at PAGP. I have been playing around looking for potential breakouts on finviz and this one kinda looks interesting not sure if it’s got enough upside left.    Carl on YouTube asked about $t  Trevor on fb  Gary, do you think it's a good time to get into $CAT medium to long term? SCANS $PYPL $ETSY $CRM $GS $UMDD $HIBL $URTY $TARK $ARKG $ARKF $ARKW $ARKK $WYNN $RKT $CAT $SBUX $BLK Vanguard cross ups $VO $RSP $VBK $VWO $VOT $VB

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