Energy is still going strong - Market update 8-24-22

SUPPORT THE PODCAST - https://anchor.fm/dailystockpick/support Yesterday was the lightest volume day in the nasdaq all year $Nvda reports - Cathy woods bought 300k shares last week and sold them for a loss this week … she’s trading like all of us who have lost big on short term bounces we didn’t take profits on $Baba pivot is $90 at this point Friend that works at $AVYA - they have some issues financially - business is good - financials not so much - friend who works there worked for Worldcom, Enron, EarthLink and Windstream along with other businesses that have the same trajectory - interesting conversation $PTON - strkes $AMZN deal - WOW - huge pop in the stock - it will change the game since Amazon is the biggest retailer - margins will shrink - but with clothes, shoes, bikes, parts, etc. - it should be crazy good. Half a million searches per month on Amazon for Peloton - this will allow more deals with other retailers too. Also will Peloton membership be included with Prime? HUGE! $JKS is a falling knife - look at $CSIQ - Canadian Solar - it seems stronger SCANS Yesterday was $OXY - today $CVX - big energy seems strong $BABA $APPH $BIDU $PBR - remember the huge dividend? This has continued to just soar back to cover the gap caused by the dividend $UPRO - bull $SPXU - bear $SPXL - bull $TQQQ - bull $SQQQ - bear $SARK - bear