https://screencast-o-matic.com/watch/cYlQq8N8F3The calm days of upward float at all time highs has ended today with a harsh red day, at least for tech stocks. QQQ is down 2%, while the "beaten down" sectors are showing relative strength down between .2-1%. This move is not unexpected as we expect the December dip. Historically a mid-December dip is a good buying opportunity in leading stocks as we head toward December seasonality and year end markups. Stops are at breakeven for ERX and UBERs tops are moved to entry. AAPL is 116-117, PTON is around 107 and CRM has been adjusted to just under 120. Stocks in play include FATE, SFIX, SNOW, FROG, DASH, FSLY, SAVE, SGMS, MGM, M, CAKE, SHAK, BBBY, BLNK, UPS, SNAP, ZVO, GME.Beaten downs ETFs to follow: JETS, PEJ, BJK, XRT, XHB, MJ, XAR, DBB. Beaten downs stocks: UAL, LUV, SAVE, JBLU, WYNN, PENN, LVS, MGM, SHAK, EAT, CAKE, HLT, MAR, CGC, RCL, CCL, BBBY, SHAK, KSS, MBig tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFT, AMD, CRMChina 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: Still holding CRM, ERX, AAPL, UBER, PTON.https://screencast-o-matic.com/watch/cYlQq8N8F3
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 9, 2020

