Today's video/mentorship: https://screencast-o-matic.com/watch/cYfnDd450ZGroup mentorship bear market session MUST WATCH: https://youtu.be/iIKrDefZ7UUThe big news today is the oil reversal as a decrease in supply is in play. This has USO putting in a reversal candle and remounting the 9ema. I will likely take a position from USO, ERX, HAL, CVX, FANG, FTI, OXY. Other stocks in play include mostly corona related stocks NFLX, RNG, TDOC, CLX, ZM. The market put in a bear cat bounce short trigger yesterday but is positive today (see video for more analysis).The watchlist from today's mentorship session:
- Usual suspects: FAANG, NVDA, MSFT, SPY, QQQ, IWM, XLF, SMH
- Beaten down: USO, XLE, UAL, BA, WYNN, MGM, RCL, KSS, DIS, TSLA, TOL, SIG, BBBY, CAKE, UBER
- Corona plays: ZM, CLX, GILD, TDOC, NFLX, WMT, TGT, AMZN, BABA, COST, DLTR, KR, REGN, CTXS, WORK, PTON, EA, MSFT, CPB, HRL, GRUB, RAD, DOCU, TDOC, ODFL, UHS, JCON, REGN
ETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBBKey long leveraged ETFs (if reversal): TQQQ, TNA, LABU, ERX, SOXL, FAS, BRZU, NAIL, YINNHow to use new site*: https://youtu.be/DwVI21S9cb8Current Positions: Added short KBH and TZA. Stopped out TSLA and SPXL. Still holding APRN and X.https://screencast-o-matic.com/watch/cYfnDd450Z
