Video: https://screencast-o-matic.com/watch/cYhIqrkc2JThe market is hit on Fed news, Trumps renewed China Trade War and yesterday's Fauci comments. SPY is down 2.6% as we head into the close and all three indexes are testing key moving averages break downs. SPY is looking like it will test the 50 ma. Based on this probability, we entered VXX (see video for strategy). Exited all long positions today. No other trades in play right now.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, IBBHow to use new site*: https://youtu.be/DwVI21S9cb8Current Positions: Took profits in ZM. Still holding NAIL, BBBY, GOOGL, MGM, SNAP, FAS. Stophttps://screencast-o-matic.com/watch/cYhIqrkc2J