https://screencast-o-matic.com/watch/cYXeYrsSlPThe beaten downs are showing relative strength to a positive market on election day, with financials, retail and leisure leading. All three indexes are popping over 1.7%, with IWM up over 2.5%. We remain cautious and are ready for potential volatility post election. I added financials ETF FAS today and will not add anymore positions. If Biden wins and there is a peaceful transfer with little public demonstration, expect a strong market with beaten downs leading. Any other scenario (Biden win/demonstrations, Trump win/demonstrations, Trump win/smaller stimulus) leads to short-term unpredictable volatility that gives us little edge. Stocks in play include SPXL, TQQQ, TNA, M, KSS, SGMS, WKHS, CELH, NLS, PLUG, EAT, GOGO, FDX, GRWG.(note: election talk is a-political and only for how we need to assess the market).Beaten downs ETFs to follow: JETS, PEJ, BJK, XRT, XHB, MJ, XAR, DBB.Big tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFTChina List: TME, YINN, HUYA, SINA, BABA, BIDUETF 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: Added FAS. Still holding SNAP long and TSLA short.https://screencast-o-matic.com/watch/cYXeYrsSlP
Market Speculator Part-time | Swing Trade Report
Paul
Singh
•
November 3, 2020

