https://screencast-o-matic.com/watch/cY6oFr7rg1Morning weakness has rebounded some as we head towards the close. At the start all 3 indexes were down over 1%, but now IWM is up 1% and SPY is down only .3%. QQQ is still lagging but off the lows of the day. Even more encouraging, SPY equal ETF RSP has been green most of the day. This is a garden variety pullback after a big run. I was stopped out of JBLU this morning in sympathy with UAL's poor earnings reaction. ZM is on fire and most of our current positions are holding up well. Retail, defense and financials are showing relative strength today. We are starting to watch more stocks from these areas including: URBN, GME, LAD, MELI, BIG, DLTR, ORLY, PRTS, RVLV, FITB, RF, IVZ, MSCI, MS, AIZ, HEI, SPCE. Other stocks in play include SMG, PENN, GRUB, TSLA, SPOT, WKHS, RUN, NFLX, DKNG, SGMS, TTD, PTON, NFLX, DOCU, CAKE.Relative strength list: ROKU, PTON, ZM, DOCU, OKTA, WORK, GRUB, EA, SNAP, TWLO, COUP, CRWD, IDXX, TSLA, AAPL, WHR, TOL, CHGG, W, SFIX, NTESBeaten 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, DKNGChina 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 ZM, EAT, JBLU, AAPL, NAIL, AMD, LULU.https://screencast-o-matic.com/watch/cY6oFr7rg1
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
October 15, 2020

