Powell speaks today and here are some stocks to buy. I love Webull - ⁠⁠Sign up here and get FREE STOCKS⁠⁠ - https://a.webull.com/iHwte9iTQnfaDYFVxv Social Links and more - ⁠https://linktr.ee/dailystockpick ⁠ Follow along with all my trades and journal your own here - https://savvytrader.com/Dailystockpick/2023-trading-portfolio FREE NEWSLETTER WITH CHARTS - subscribe at ⁠dailystockpick.substack.com ⁠ I love Webull - ⁠⁠Sign up here and get FREE STOCKS⁠⁠ 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/gGlte9iTQnfaDYFa4S NOTES A buy the dip market has turned in to a sell the rip market - CLEARLY Yesterday was all about bond rates And absolute red disaster day https://finviz.com/published_map.ashx?t=sec&st=d1&f=082423&i=sec_d1_201863847 Powell in Jackson hole last year spoke for 8 minutes around this time to send the market to the October lows …. That could happen this time but I just have a feeling this is nothing https://share.trendspider.com/chart/QQQ/18946puoxlk After this, I wanted to see how many stocks in different watch lists traded under the 200 day weekly SMA - so I created a scanner in Trendspider. http://charts.trendspider.com/shared/64e79e9bceceee00175f1951?t=5 $NVDA and $SMCI - both pulled back in a big way $NVDA trades at 40 forward PE - so it’s only trading at the average PEG ratio for $NVDA is the LOWEST it’s traded over the last 5 years $CSCO traded VERY similar in the early 2000’s. That was up 71,000% in hit’s 10 year timeframe - so far $NVDA is much less. $MULN $ORCL $PLTR - insider selling $ET - the CEO keeps buying even more HUGE amounts - this one has got to be doing well. $ba under $220 - get it $vfs - continues to just fly - SPAC - here’s a spac story from yesterday $BETR And just remember what a doosh the CEO actually is https://twitter.com/unusual_whales/status/1694819484153094551?s=20 Earnings $intu - met - nothing crazy - down 2% $jwn - luxury retail kills it again - up 7% $mrvl - beat on both eps and rev - not massive but guidance was just in line - down 2% $wday - beat - up 3% because guidance was up $afrm - beat with super strong volumes - still lost money - but was up 5% on the report $ulta - strong beat - was up 2% - same store sales were up 8% and they have raised their guidance - they did point out shrinkage $gps - huge beat Interesting list of ai beneficiaries from $gs https://www.marketwatch.com/amp/story/nvidia-may-be-the-ai-stock-for-now-but-here-are-the-picks-for-later-says-goldman-sachs-b84b5818 $envx and $chpt https://finbold.com/short-squeeze-alert-for-august-24th-two-stocks-poised-for-lift-off/ Loop upgrades $nflx with price target of $500 $ulta had a great earnings and didn’t push up huge but $afrm activity was up 25% and they expect profits and was up 8% this morning Social requests Jackson from insta $PSNY Sam on fb Would you mind taking a look at ($ALAR) Alarum technologies. 2 strategies from Trendspider TRENDSPIDER STUFF Weinstein Stage Analysis - Stage 1 - https://trendspider.us16.list-manage.com/track/click?u=92c2385d22adc5bd5c1473485&id=3deda46eb2&e=9bc85562a8 $TSLA Weinstein Strategy - https://trendspider.us16.list-manage.com/track/click?u=92c2385d22adc5bd5c1473485&id=9bbd648f23&e=9bc85562a8 This strategy and scanner were made with SMAs and range breaks, allowing us to create the closest possible copy of Weinstein's Stage One theory. treasury rates https://www.benzinga.com/markets/asia/23/08/34031892/tightening-financial-conditions SCANS $PEP $FAS $VB $RSP $XLC $XLF $UPS $MCD $PENN $PDD $RCL $STWD $BABA $ETHE$TRV $MDLZ $JD

Ask this episode

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

Transcript

Related