Be patient in this market - we have more downside - Market update 9-6-22

Support the podcast - https://anchor.fm/dailystockpick/support Social Links - https://linktr.ee/dailystockpick Watch this recording LIVE on YouTube when I tape or the replay that includes all the charts and information I look at.  This market is going to be up and down. It's best to stay patient and wait for an identifiable trend to appear.  Do $spy and $AAPL long term charts Opec cut … oil sharply higher - don’t say I didn’t tell you Nordstream didn’t open back up so expect significantly higher nat gas prices in Europe $CVS buys signify health (outbids $AMZN) - $WBA cross up No real catalyst for tech until cpi data next week GOLDMAN: “.. we have argued that the US economy can achieve a soft landing, even though the path is narrow. .. we see some encouraging signs that the economy is moving toward .. these goals.” [Hatzius] Cardinal health and Elliot management agree to add board seats … this is the same group that’s working on Pinterest Chinese stocks are sinking with covid lockdowns … 60 million people in China are under lockdowns - $BABA $NIO What happens when China opens up? Europe it’s been nat gas - us it’s been oil and gas - but at the basic it’s energy $Boil down to $90 - could be an opportunity - uk nat gas down 14% Dutch down 10% - gameshow in uk was offering energy bill payments as a prize $Uco $sco $Voo $Cvx under $160 still $Oxy under $70 $FANG $DVN SCANS $WBA $PFE $LMND $BMY $UPRO - bull $SPXU - bear $SPXL - bull $TQQQ - bull  $SQQQ - bear $SARK - bear