Video: https://screencast-o-matic.com/watch/cYfrFYAhfqSPY has failed at the 50ma and gapped down below the 9ema. Technically this is a "dead cat bounce" trigger. However, it's interesting and complicated that QQQ is not below these levels, and many stocks are not yet putting in dead cats. For this reason if I decide to take a bearish bet today it will be in inverse SPY ETF SPXS or VIX ETFs UVXY or VXX (see video). TSLA, NFLX and AMZN, while down, are holding up well as are beaten down stocks from airlines, casinos and housing.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: Stopped out BA and AAPL. Exit breakeven on BABA. Still holding MGM, APRN.Vid link: https://screencast-o-matic.com/watch/cYfrFYAhfq