Vid https://screencast-o-matic.com/watch/cYfUq0BoGHThe market is up big today on a convergence of news events: 1) The Fed 2) GILD coronavirus trials 3) Trump pushing for opening up the economy. SPY is up 3% and heading towards the 200ma. A break of this level technically puts the market back on uptrend (although that doesn't mean a bear market dead cat bounce can't happen). Strength in beaten downs, small caps and tech. Our positions are doing well and will likely hit targets if we continue to move towards 200ma. Took profits in ZM short and stopped out APRN. May add today from list of GOOGL, NFLX, SGMS, WDAY, UA, DIS, CGC, PYPL, UAL, CAKE. Holding MGM though earnings, which is rare (see video or chatroom for erasing).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 ZM short. Stopped out APRN. Still holding ERX, NVDA, MGM, SNAP, FAS.
