https://screencast-o-matic.com/watch/creeDjW7Ws Another day of rotation as we see all three indexes red, but the "beaten downs" are all either green or slightly red today. SPY is testing support, while QQQ is continuing the breakdown below key moving averages and testing the bottom of it's recent range. Software and big techs are weak and will need some real improvement to become continuation patterns again. That can happen quickly, but for now I am staying away. Many are breaking supports or putting in weak dead cat bounce failures that indicate short setups. I am choosing to remain cautious and watch, but a speculative short here is available. Stocks in play include the entire beaten downs list, GRUB, CHWY, OKTA, NFLX, HUYA, PYPL, SQ, ILMN, DIS, AI, ZN, PTON, RKT, ETSY, ABNB, YALA, ZM, RIOT, MARA. 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, FCX, SIG, CMG, DKS, LULUBig 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 DASH. Still holding OXY, DKS, UBER.https://screencast-o-matic.com/watch/creeDjW7Ws
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
March 3, 2021

