A very quick podcast today with some scans - Market update -12-5-22

Get 25% off Trendspider here - use code DSP25 - please use this link as I do get a commission when you sign up, but it's the program I use my algorithm in and I'll give you access to the algorithm if you sign up through this link. Support the podcast - https://anchor.fm/dailystockpick/support Social Links and more - https://linktr.ee/dailystockpick I will have more updates later this week about a $1k charity portfolio trading challenge I would like to start on WeBull. The details I'm still hashing out but join the private Facebook group to be a part of it.  Energy - today starts EU sanctions on Russian oil. OPEC left in place the cut in production and China reopening - all a perfect storm. Will India pay higher for Russian oil because it’s still cheap? Will China import Russian oil? Russia has refused to ship their crude to refineries which could lead to a supply side issue driving prices higher. And with CNBC in Europe covering this story - it’s starting to get cold - that could lead to more cuts to Nordstream driving Nat Gas up. But Nat Gas is trending down because of warmer than usual weather. Even in the US, the rail strike was resolved, the weather is warm and overall the trend is towards cheaper nat gas. Do not mistake this as govt’s manipulating the price for their advantage which should continue. Biden admin is allowing Chevron to refine Venezuelan oil most likely because at some point the emergency reserves need to be refilled. They have not done so yet but that too will take supply out of the system. $BOIL / $KOLD China easing covid - those stocks are soaring $BILI $BABA $XPEV $LI $NIO $PDD $BAIDU $JD $1k challenge on Webull later this week. We will trade that through the end of the year and then donate to charity. I have a charity in mind and will announce it later but think about if you would like to trade with me. I’ll probably post most of the trades in the private Facebook group first so join there. If anyone has any ideas let me know. $TSLA down $TQQQ $SQQQ $SOXL $SOXS SCANS $AAPL $XLP $XLI $BBA $ATVI $ILMN $REI - just because it’s a good outdoor store