Huge winners this week - market update 8-12-22

September fed tightening may kill this market so be cautious The market wants to go … but it’s been huge for 45 days now $Gs $Clf $Boil $Pbr ex dividend date - 44% $Orcl $Lng above $150 $MU Micron for Liam Explain why buy and hold is much better than trading and why sitting on your hands is always better because you just can’t time things $Cop $Dvn $Oxy $Xom $Cvx $Fang Nat gas is down - boil had a huge day yesterday - $boil cross up at 98.14 - but remember I don’t like to trade it that way Most recessions don’t have oil demand going down - it goes up even during the recession China is still in lockdown which is why demand is low overall - most likely not price demand destruction Emergency reserves are still being used and needs to be refilled - spr - 150 million barrels so far - as soon as that stops and Russia sanctions start - and China opens - boom And us is expected to have many more people going back to the office after Labor Day $ARKK fav $ILMN $AAPL tells suppliers to make as many iPhones as they did this year suggesting demand is still high $Tqqq $Rivn Inside buys for the week $ET chairman bought $30m of shares ….. 3rd biggest inside buy in the last 5 years- stock is 20% off the highs so he’s buying in to strength Redbox is now chicken soup for the soul -$csse $Mrna pullback And guys … I’ve had a lot of winners lately but that’s the market … realize that during the down days it was tough to find winners and my long term portfolio was down. I probably should track my portfolio separate with buy and hold vs trading but I look at overall and I’m down 13.6% ytd …. So if you’re up in the past 2 months like me it feels good but I do think we are heading back down so just make sure you’re comfortable with your portfolio … if you aren’t now is the time to fix it while it’s up … not when it’s down But earnings next week with wmt hd low target and many others … remember they disappointed last … that could be a trigger for thr market to come down - we will find out how the consumer looks and how inventories are for back to school $Siga still up Cross ups $CVX $VET $SGML $PLL $PBR for the dividend