https://screencast-o-matic.com/watch/cYXQYUMugOThe week starts off with a post-election bang as Pfizer says they have a vaccine in development that is 90 percent effective. This lead to a split market, with the "beaten downs" popping and the momos and work from home stocks dropping. Our beaten down list is at the forefront right now, but we still should exercise caution. Who knows what tomorrow bring in terms of news. I might add one beaten down before the close. Over the coming weeks, we will assess the market and build as the market tells us. It also was a volatile day for our current positions. FAS gapped up huge, while ZM gapped down huge. TQQQ is up from entry while SNAP is down from entry. When all is said and done, we are at about break even on the day. If you chose to stick with ZM, manage risk closely with today's bottom as a good spot for "max pain". Stocks in play include UBER, WYNN, CAKE, UAL, SAVE, LUV, SIG, SBUX, MGM, BOOT, DIS, LYFT, KSS, M, EAT, MJ, JETS, BJK, XAR, PEJ.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: Took profits in FAS. Stopped out ZM. Moved TQQQ stop to entry leve.. Still holding TQQQ and SNAP.https://screencast-o-matic.com/watch/cYXQYUMugO
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
November 9, 2020

