Epic Trades Subscriber Update 9/25/2023
By David Prince
Good morning all,
Stocks are lower this morning with yields rising, leaving things in a tough spot.
Some good news: writers have a tentative deal with studios and that's lifting $NFLX, $DIS, etc. a bit.
Some bad news: Talks of another Government Shutdown are looming and that rarely sends stocks higher. Negotiations there will be a focus for the week.
Later in the week, we have earnings from $NKE and it may be getting ugly enough for me to buy.
$MU also reports this week. Expectations should be pretty good and we'll see if there is anything to do there.
Today's focus will be primarily on $QQQ, $TLT, and $TSLA. It's not an incredibly bullish setup in the market, or these names. But the selloffs are notable and they're coming into some key levels, and the pressure from weaker seasonality could start to wane.
We'll be back with updates if trades set up well.
In the meantime, for those observing Yom Kippur, I wish you an easy fast.