https://screencast-o-matic.com/watch/cYlUYv89VQThe market is not making a big push as we head toward the last trading day of the year, and market breadth is weakening. Equal weighted ETFs like RSP and QQEW are weaker than their underlying indexes, T2108 and T2100 are declining and IWM is breaking below the 9ema. These are all signs of a narrowing market. Software and IPO's continue to show weakness. Heading into 2021, we watch support levels in this momentum area closely. We either get breakdowns to short or continuation patterns that setup new longs. Big tech is leading, especially in the communications industry. The beaten downs are a mixed bag with more red, but not breaking down like software. Stocks in play include beaten downs, SBUX, FB, NFLX, AAPL, LMND, ABNB and BABA.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, CRMETF 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: Stopped out SOXL. Still holding JMIA, AMZN, FSLY, CRM, ERX, UBER.https://screencast-o-matic.com/watch/cYlUYv89VQ
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 29, 2020

