Yesterday was an absolute mess. Earnings that came out after the market were mixed so there's no real firm direction in the market. Mike Wilson of Morgan Stanley said he thinks the S&P is going to 3800 which is another 20% down. He's been saying this all through the bull markets though so take that with a grain of salt. $MSFT earnings - KILLER - buy this under $300 now. This is the ONLY stock that has proof that it's undervalued with current earnings. $GOOGL earnings - they were good except for Youtube falling short and European war that's been hurting them. Buy it around $2300 for the consumer push forward in the next quarter. This is a long term so position size correctly. $AAPL - I can't tell you to play earnings on this based on mixed tech results. Texas Instruments $TXM said they were hurt by a chinese manufacturing slow down. That doesn't bode well for Apple on Thursday. Europe doesn't bode well for Apple on Thursday and finally the year over year comps they have may be difficult so I would wait for earnings rather than playing them. You may have a chance to get Apple around $140 if they project some mixed results. $V - announced the consumer is super strong. $UVXY and $SVXY is the way to play the market. We could end up huge today or down huge today. Trade the direction. Nat Gas stocks should fly with Putin pulling back energy from Europe. $UCO under $150 is a good deal for a short term rally in oil that I think will absolutely come. While it's not a buy in the algo, $SPG I think is a great play for a bounce with their earnings.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related