Video: https://screencast-o-matic.com/watch/cYj6b1GrN4It's all about the stimulus today, with tech continuing to show relative weakness while the "beaten downs" that will benefit from stimulus pop. The is is reflected in the index with smaller cap IWM up 1.3% and QQQ down .6%. Today we are focused on adding a few of the beaten downs (airlines, ag, casinos, base metals, resorts/hotels, restaurants, retail, housing) but I may wait later in the week for potential better price entry. We could add one today and see how it plays out as the week progresses. The gold pullback bearish trade is still in play. Stocks on watch include: MGM, WYNN, PENN, UAL, AAL, JBLU, ALK, H, RCL, EAT, CAKE, WOR, STLD, FCX, X, NAIL, DHI, TOL, LGIH, ULTA, GPS, BBBY, CAT, MMM, MOS, PCAR, INTC, NKLA, AAN, AN, KOP, FSLY, FSLR, VSLR. Beaten downs ETFs to follow: JETS, PEJ, BJK, XRT, XHB, MJ, XAR, DBB.Big tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFTIPOs: KC, NKLA, INO, GAN, RVLV, LMND, DKNGRS Extended (potenial longs and shorts): PTON, TSLA, ZS, SQ, SPOT, SHOP, WIX, TTD, ETSY, TAL, COUP, ZM, DOCU, FSLY, LVGO, BABAChina List: TME, YINN, HUYA, SINA, BABA, BIDUBD: UAL, RCL, CAKE, MGM, WYNN, MAR, H, EAT, SHAKETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBB, CLOU, SKYYCurrent Positions: Still holding TWTR, NFLX, GOOGL.https://screencast-o-matic.com/watch/cYj6b1GrN4
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
August 10, 2020

