Video: https://screencast-o-matic.com/watch/cYfYFGz8Y4The market is stalling right at 50 day moving average resistance level. This is expected after a big run, however it will be more of a concern if the 9ema fails to hold. That's where we start thinking about a potential "dead cat" bounce. Corona stocks continue to show strength, along with biotech, select retail and banks. Oil continues to get crushed, while energy stocks how relative strength.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/cYfYFGz8Y4