Rules for Pick of The Year (PoTY) 2022

[BlueWolf]

Charting is back up, so I went ahead and generated annotated daily and weekly charts for the NASDAQ (the other indices are similar). Bottom line? We are at inflection points on both the daily and weekly charts. What does that mean? It means that we could potentially be looking at both near term and longer term trend reversals. We’ll need confirmations, but the signs right now are good. I’m still apprehensive because of the state of the economy, but I think buying a little at these levels, should the market continue up on Monday, could produce some results. Because of the dangers right now, however, any positions I open will be carefully trail stopped.

Annotated NASDAQ Daily Chart as of close 9/10/22
https://www.dropbox.com/s/asjdoukfe0...02022.jpg?dl=0

Annotated NASDAQ Weekly chart as of close 9/10/22
https://www.dropbox.com/s/rxbzgkckuy...02022.jpg?dl=0

[Louetta]

Charting is back up, so I went ahead and generated annotated daily and weekly charts for the NASDAQ (the other indices are similar). Bottom line? We are at inflection points on both the daily and weekly charts. What does that mean? It means that we could potentially be looking at both near term and longer term trend reversals. We’ll need confirmations, but the signs right now are good. I’m still apprehensive because of the state of the economy, but I think buying a little at these levels, should the market continue up on Monday, could produce some results. Because of the dangers right now, however, any positions I open will be carefully trail stopped.

Annotated NASDAQ Daily Chart as of close 9/10/22
https://www.dropbox.com/s/asjdoukfe0...02022.jpg?dl=0

Annotated NASDAQ Weekly chart as of close 9/10/22
https://www.dropbox.com/s/rxbzgkckuy...02022.jpg?dl=0

Interesting stuff.

[BlueWolf]

Well, folks, this is why I call them inflection points. I was hopeful that we might continue up and establish an uptrend, but Friday’s confirmed what common sense was telling me: The state of the economy is very bad and not likely to improve any time soon. What triggered this latest sell off? Well, to absolutely no one’s surprise, except maybe the delusional people who passed the “anti-inflation” bill, the CPI report was released and indicated hotter than expected inflation rates.

On a monthly basis, the consumer price index rose 0.1% in August versus expectations for a decline of 0.1%. The core rate, which excludes food and energy, accelerated to 0.6%, compared with the consensus for an increase of 0.3%. Annual inflation advanced 8.3% last month, slower than an 8.5% jump in July, but faster than the Street's view for an 8.1% increase. All of this was taken as very bad news by the market.

Comments by economists Aneta Markowska and Thomas Simons pretty much nailed it: "Today's inflation report is a game changer in terms of Fed expectations. Yes, energy and food prices are moderating, but core pressure (remains) very stubborn. The July slowdown in core now looks like a one-off, rather than (the) beginning of a trend.”

I think that last statement sums up the recent up tick in the market. It looks like a one off rather than the beginning of an uptrend. So now, barring some good news, the market is probably going to challenge it’s prior pivot lows on both the daily (short term) and the weekly (longer term). Batten down the hatches, pickers, it’s very likely that there are more rough waters ahead.

[billyjoe]

BlueWolf, Me and Mrs. Billy's retirement accounts are dominated by dividend paying stocks. Lows were on June20th of this year. They are up 14.5% from that date and we have withdrawn about 1% in cash since June 20th.

-------------------billy

[BlueWolf]

BlueWolf, Me and Mrs. Billy's retirement accounts are dominated by dividend paying stocks. Lows were on June20th of this year. They are up 14.5% from that date and we have withdrawn about 1% in cash since June 20th.

-------------------billy

Dividend paying stocks are a good idea in a bear market, and a good way to ensure you always have some kind of income from your investments.

[Louetta]

Cramer recommended SPG, FRT and O tonight. I've had SPG for some time.

[BlueWolf]

Yet another week of thunder struck down the market this week and our picks paid for it. BillyJoe’s UTHR continues to be our only in-the-green pick and our leader. Minni17’s OGN and Antioch’s Dad’s AAPL hold down second and third respectively. There’s not much more to say at this point except “Ugh.”

	PotY Contest Standings As of Market Close, Sep 16, 2022
#	Contestant	Stock	L or S	Start	Open	Current	Penalty	Gain/Loss
Remembering 💔Riverbabe And Karel💔
1	BillyJoe	UTHR	Long	2/1/2022	$201.87	$‎ 218.11		8.04%
2	Minni17	OGN	Long	2/1/2022	$31.91	$‎ 28.61		-10.34%
3	Antioch’s Dad	AAPL	Long	5/25/2022	$140.81	$‎ 150.70	20.00%	-10.81%
4	Dow	DIA	Long	2/1/2022	$351.08	$‎ 308.05		-12.26%
5	Antioch	GRBK	Long	5/25/2022	$21.93	$‎ 23.00	20.00%	-12.60%
6	S&P	SPY	Long	2/1/2022	$449.91	$‎ 385.56		-14.30%
7	Massimo	IPA	Long	2/1/2022	$6.18	$‎ 5.20		-15.86%
8	Mr. Market	TLPPF	Long	2/1/2022	$4.90	$‎ 4.05		-17.35%
9	NASDAQ	QQQ	Long	2/1/2022	$363.05	$‎ 289.32		-20.31%
10	Jiesen	QDEL	Long	2/1/2022	$103.36	$‎ 81.78		-20.88%
11	BlueWolf	DOCN	Long	2/1/2022	$57.34	$‎ 41.56		-27.52%
12	Blind Squirrel	HZO	Long	2/1/2022	$47.06	$‎ 30.44		-35.32%
13	JohnHenry	RBLX	Long	2/1/2022	$65.86	$‎ 39.50		-40.02%
14	Louetta	GBTC	Long	2/1/2022	$26.24	$‎ 11.98		-54.34%
15	Tiedyed1	AUPH	Long	2/1/2022	$16.66	$‎ 7.30		-56.18%
16	Vixtt’s	SFT	Long	2/1/2022	$2.29	$‎ 0.74		-67.58%
17	Peanuts	OZON*	Long	2/1/2022	$20.67	$‎ 0.00		-100.00%
* - Delisted because of Russia sanctions

[billyjoe]

UTHR hanging on by a thread.

--------------billy

[BlueWolf]

Well, it was another lovely week for the market, and our picks got clobbered again. Our first place holder and sole pick in the green, BillyJoe’s UTHR, is hanging on by a thread. Our second and third place holders this week are Antioch’s Dad’s AAPL and Antioch’s GRBK. The market looks like it is nearing the bottom of it’s regression channel here, so I expect some sort of bounce this week unless we go into complete panic selling mode, which is a distinct possibility at this point. Let’s see what the winds blow this way, but as for the PotY contest this year, the die is cast. There will be no real winners this year.

	PotY Contest Standings As of Market Close, Sep 23, 2022
#	Contestant	Stock	L or S	Start	Open	Current	Penalty	Gain/Loss
Remembering 💔Riverbabe And Karel💔
1	BillyJoe	UTHR	Long	2/1/2022	$201.87	$‎ 207.62		2.85%
2	Antioch’s Dad	AAPL	Long	5/25/2022	$140.81	$‎ 150.43	20.00%	-10.97%
3	Dow	DIA	Long	2/1/2022	$351.08	$‎ 295.86		-15.73%
4	Antioch	GRBK	Long	5/25/2022	$21.93	$‎ 21.78	20.00%	-17.24%
5	S&P	SPY	Long	2/1/2022	$449.91	$‎ 367.95		-18.22%
6	Minni17	OGN	Long	2/1/2022	$31.91	$‎ 25.75		-19.30%
7	Mr. Market	TLPPF	Long	2/1/2022	$4.90	$‎ 3.75		-23.47%
8	NASDAQ	QQQ	Long	2/1/2022	$363.05	$‎ 275.51		-24.11%
9	Jiesen	QDEL	Long	2/1/2022	$103.36	$‎ 72.58		-29.78%
10	Massimo	IPA	Long	2/1/2022	$6.18	$‎ 4.00		-35.28%
11	BlueWolf	DOCN	Long	2/1/2022	$57.34	$‎ 36.79		-35.84%
12	Blind Squirrel	HZO	Long	2/1/2022	$47.06	$‎ 30.00		-36.25%
13	JohnHenry	RBLX	Long	2/1/2022	$65.86	$‎ 35.54		-46.04%
14	Louetta	GBTC	Long	2/1/2022	$26.24	$‎ 11.20		-57.34%
15	Tiedyed1	AUPH	Long	2/1/2022	$16.66	$‎ 7.03		-57.80%
16	Vixtt’s	SFT	Long	2/1/2022	$2.29	$‎ 0.65		-71.51%
17	Peanuts	OZON*	Long	2/1/2022	$20.67	$‎ 0.00		-100.00%
* - Delisted because of Russia sanctions

[jiesen]

Well, it was another lovely week for the market, and our picks got clobbered again. Our first place holder and sole pick in the green, BillyJoe’s UTHR, is hanging on by a thread. Our second and third place holders this week are Antioch’s Dad’s AAPL and Antioch’s GRBK. The market looks like it is nearing the bottom of it’s regression channel here, so I expect some sort of bounce this week unless we go into complete panic selling mode, which is a distinct possibility at this point. Let’s see what the winds blow this way, but as for the PotY contest this year, the die is cast. There will be no real winners this year.

	PotY Contest Standings As of Market Close, Sep 23, 2022
#	Contestant	Stock	L or S	Start	Open	Current	Penalty	Gain/Loss
Remembering 💔Riverbabe And Karel💔
1	BillyJoe	UTHR	Long	2/1/2022	$201.87	$‎ 207.62		2.85%
2	Antioch’s Dad	AAPL	Long	5/25/2022	$140.81	$‎ 150.43	20.00%	-10.97%
3	Dow	DIA	Long	2/1/2022	$351.08	$‎ 295.86		-15.73%
4	Antioch	GRBK	Long	5/25/2022	$21.93	$‎ 21.78	20.00%	-17.24%
5	S&P	SPY	Long	2/1/2022	$449.91	$‎ 367.95		-18.22%
6	Minni17	OGN	Long	2/1/2022	$31.91	$‎ 25.75		-19.30%
7	Mr. Market	TLPPF	Long	2/1/2022	$4.90	$‎ 3.75		-23.47%
8	NASDAQ	QQQ	Long	2/1/2022	$363.05	$‎ 275.51		-24.11%
9	Jiesen	QDEL	Long	2/1/2022	$103.36	$‎ 72.58		-29.78%
10	Massimo	IPA	Long	2/1/2022	$6.18	$‎ 4.00		-35.28%
11	BlueWolf	DOCN	Long	2/1/2022	$57.34	$‎ 36.79		-35.84%
12	Blind Squirrel	HZO	Long	2/1/2022	$47.06	$‎ 30.00		-36.25%
13	JohnHenry	RBLX	Long	2/1/2022	$65.86	$‎ 35.54		-46.04%
14	Louetta	GBTC	Long	2/1/2022	$26.24	$‎ 11.20		-57.34%
15	Tiedyed1	AUPH	Long	2/1/2022	$16.66	$‎ 7.03		-57.80%
16	Vixtt’s	SFT	Long	2/1/2022	$2.29	$‎ 0.65		-71.51%
17	Peanuts	OZON*	Long	2/1/2022	$20.67	$‎ 0.00		-100.00%
* - Delisted because of Russia sanctions

Ah, poor Peanuts... got roasted!