Video: https://screencast-o-matic.com/watch/cYfbqbz4UuThe market likes that Trump has a plan and potential drug news as SPY nears resistance and IWM shows relative strength. Market leading QQQ is pulling back today, which continues the split theme in this market. Corona plays are also weaker, as NFLX and AMZN pullback off yesterday's extended exhaustion candles. We took that opportunity to cover our NFLX short. AAPL downgrades by Goldman but holding key support levels for now. Drug stocks are in play for potential reversals. BA, X, ROKU and AMD putting in interesting patterns (see video).The watchlist from 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: Took profits in NFLX short. Still holding BABA, LULU, MGM, APRN and AAPL.Vid link: https://screencast-o-matic.com/watch/cYfbqbz4Uu
