https://screencast-o-matic.com/watch/cYlrF48CHbHoliday week starts with some fireworks with the markets opening down close to 2% before putting in a quick low and recovery that is nearing break even. Fear of more lockdowns and a new Covid strain have the market spooked into over-reaction, while the positive stimulus news was initially ignored. Is the Monday morning low the bottom of the pullback and the catalyst for the holiday seasonality play? Time will tell, but we are positioned for it. ERX and UBER tested entry levels but still holding. SOXL went through initial stop that was loosened and has put in low. It is now 13 points above initial stop level. I will not add any positions, but there is a ton of stuff I love if you are looking for entries. Software and cybersecurity are hot, relative strength areas continue to show strength, IPOs are strong and beaten downs might have put in lows. Stocks on watch include ZM, PTON, SPLK, CHWY, ROKU, TDOC, SNOW, ABNB, DASH, FROG, AI, CYBR, FEYE, CRWD, SHOP, MRNA, PFE, SOLO, BYND, DKNG, GRWG and the entire beaten downs list. 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, CMG, HLT, MAR, CGC, RCL, CCL, BBBY, SHAK, KSS, M, WOR, X, CLF, FCXBig 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 SOXL, AMZN, FSLY, CRM, ERX, AAPL, UBER.https://screencast-o-matic.com/watch/cYlrF48CHb
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 21, 2020

