Higher for Longer - what does it mean for $SPY? 9-21-23 Market Update

$SPY long term is fine. We are still in an uptrend with just a pullback. I go over a bunch of stocks that I haven't looked at in a while like $PINS $PYPL $SHOP $RIVN $PLTR $SMCI $DPST $TTD and $NVDA which I like to use $400 as support.   TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability.  https://www.tesla.com/referral/gary82526 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/?3P8FJPM  $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 Fed kept rates and didn’t hike but signaled positively higher for longer which the market didn’t like  No hike now but one more hike expected. Inflation is slowing but remains elevated. Employment metrics are weakening but remain strong. Economic activity is slightly improving. When Powell started the press conference, we never recovered https://share.trendspider.com/chart/SPY/18946t6x06q $csco to buy $splunk for $157 per share - huge multiple and this is big for $csco - https://seekingalpha.com/news/4014155-cisco-announces-deal-to-acquire-splunk-for-28b $FDX earnings improving and it popped - https://www.sahg6dtr.com/2L9M597/R74QP/?url=https%3A%2F%2Fseekingalpha.com%2Fsymbol%2FFDX%3Fsource%3Daffiliate_program%253A%257Baffiliate_name%257D%26utm_medium%3Daffiliate%26utm_source%3D%257Baffiliate_name%257D%26affid%3D%257Baffiliate_id%257D%26oid%3D%257Boffer_id%257D%26transaction%3D%257Btransaction_id%257D $ba got an upgrade  $pins - they had an investor day and it just popped. The chart is working off lows. $META trades at a lower PE and has higher margins, but I think $WMT or some other big company may buy them - remember $PYPL? :)  $dkng $pypl $shop $rivn  $pltr $smci  $dpst  $ttd  $nvda at $420  https://www.sahg6dtr.com/2L9M597/R74QP/?url=https%3A%2F%2Fseekingalpha.com%2Fnews%2F4014060-cleveland-cliifs-refuses-to-sign-standstill-agreement-with-us-steel-report%3Fsource%3Daffiliate_program%253A%257Baffiliate_name%257D%26utm_medium%3Daffiliate%26utm_source%3D%257Baffiliate_name%257D%26affid%3D%257Baffiliate_id%257D%26oid%3D%257Boffer_id%257D%26transaction%3D%257Btransaction_id%257D Great newsletter on options https://open.substack.com/pub/austinhankwitz/p/passive-income-owning-stocks-you?r=1b89w8&utm_medium=ios&utm_campaign=post- $NVDS was the play - $NVDL might be good now for those wanting to trade this.  $IONQ  This is why I like Webull - I have this in my watchlist - it reminds me that I should buy it while it’s down for the dividend.  Sign up - https://a.webull.com/NcHte9iTQnfaDYFZ2K $ CRWD CFO Burt Podbere just gave us some juicy nuggets: 1) Committed to GAAP net income profitability for this current fiscal year & going forward.  2) Raised Sub GPM target from 77%-82%+ to 82%-85% 3) Raised EBIT margin target from 21% to 28%-32% Mic drop. SCANS $SEDG $PINS $ATVI $IBM $IDXX $RTX Bonus - $MPW - a Medical Property REIT that will become a buy at some point at the bottom https://www.fool.com/investing/2023/09/18/down-35-is-medical-properties-trust-a-buy/?source=eptyholnk0000202&utm_campaign=article&utm_medium=feed&utm_source=yahoo-host