Video Link: https://screencast-o-matic.com/watch/cYQjbdHmrH
The market continues to slide with SPY and QQQ down 1.5-3% and testing key 50ma support. IWM and the "beaten downs" are showing relative strength. Airlines, auto, housing, restaurants, travel and retail are leading. Within tech software is down but showing relative strength within the sector. TSLA is getting hit on the S&P500 news, which is interesting because KSS was removed and ETSY was added with little price impact. TSLA is interesting as an "over-reaction" play if it pulls into the gap or closes above the breakdown level later this week. Stocks on watch this week are mostly from RS, beaten downs, solars, auto and housing. Stocks in play include FAANG, TSLA, NVDA, DIS, SFIX, SSTK, ETSY, PYPL, BABA, MMYT, VSLR, RUN, FSLR, CMG, PTON, ROKU, DOCU, FVRR, BYND, PENN, SGMS, LVS, CCL, RL, ULTA, DKS, SHAK, EAT, KSS, CAKE, LUV, FCX, NKLA, WKHS, LAD, AN, NIO, NAIL, TOL, DHI, LEN.
Stopped out of TSLA today for biggest R loss in over 2 years. Keep in mind it only takes 2 2R wins to more than make up the loss.
Beaten downs ETFs to follow: JETS, PEJ, BJK, XRT, XHB, MJ, XAR, DBB.
Big tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFT
IPOs: KC, NKLA, INO, GAN, RVLV, LMND, DKNG
RS Extended (potenial longs and shorts): PTON, TSLA, ZS, SQ, SPOT, SHOP, WIX, TTD, ETSY, TAL, COUP, ZM, DOCU, FSLY, LVGO, BABA
China List: TME, YINN, HUYA, SINA, BABA, BIDU
BD: UAL, RCL, CAKE, MGM, WYNN, MAR, H, EAT, SHAK
ETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBB, CLOU, SKYY
Current Positions: Stopped out TSLA. Still holding SQ, ZSL and MGM.
Video Link: https://screencast-o-matic.com/watch/cYQjbdHmrH
