Daily Plan 7.20.23
Looking for the light
Good morning readers!
Indices have sold off from yesterday afternoon then continuing lower overnight. Netflix and Tesla reported earnings yesterday in which both sold lower after release. Overall Tesla has held well at 280 with only little downside. Upon indices catching a bid today I think this can recoup most of the selling seen overnight. Tesla has seen another decline in profit margins which is expected as price cuts have been pushed for a while now. Not only this but inflation has not actually come down but the annual change has. For tech companies it is easy to navigate inflation as the costs to run the business are usually low. Tesla still remains a leader in profit margins with increasing sales, much more upside in the future if indices continue uptrend higher. This is to say this will be one of the superior stocks and my focus will remain on Tesla. On the other hand, Netflix is setting up for a robust bounce as we test the multi-month uptrend. This needs to remain above 440 for a move back to upper 400s.
At the moment there is not too many stocks I want to focus on other than the ones inside the Daily Plan. Pharmaceuticals have been on fire for over a week now which are stocks I tend to stay away from.
Before moving on to the levels I want to give another health update. Today I will be going to the cardiologist and running multiple tests. At first, I went to the walk-in clinic and they thought it was Vertigo. I then went to an ENT and they said no infections and no signs of Vertigo. There is something much more serious going on with my health and I think it has to do with all the caffeine I have taken over the last 5 years. This has caught up to me and could be giving me a Sinus Arrhythmia.
This is the 6th day of being light headed, fatigue, and low energy with pains in my heart. Never in my life have I had anxiety until this and it is really getting to my head. For these Daily Plans, for the time being they will be shortened but the levels are exactly the same as every other plan. If there is a morning I feel a bit better I will do my best to get more details out. Quite scared for the future but keeping my head high.
I cant stress this enough, stay on top of your health. Out of all the surgeries and my Psoriasis, this by far is the worst pain and emotional toll on my body.
Not many more people at my age are as healthy as me so don’t think your special and nothing will happen to you. I used to think the same thing. Stay healthy and much love to you all!
To the levels!
upper 400s.Scanner (Finviz)
Events
Earnings
Value Areas (Monthly Timeframe)
S&P500 (ES)
4381 - 4540 / POC 4467
4206 - 4304 / POC 4280
4095 - 4192 / POC 4153
3880 - 4048 / POC 3951
NASDAQ (NQ)
14741 - 15225 / POC 15116
14301 - 14618 / POC 14484
13817 - 14177 / POC 13861
12813 - 13461 / POC 13080
GOLD (GC)
1958 - 2042 / POC 1997
1906 - 1947 / POC 1924
1762 - 1888 / POC 1844
OIL (CL)
84.74 - 90.29 / POC 88.07
68.04 - 83.79 / POC 80.42