https://screencast-o-matic.com/watch/creQbbVcbJs Note: Group Mentorship session is up on Swing DashboardWe expected a significant bounce off the Friday hammers, and now it looks like we are getting them a day later than expected. This sets up the first stage of technical improvement in momentum stocks. Like the QQQ, most momentum stocks and industries are still under the 9ema. A remount of this first resistance level sets up the "moving average sandwich". At this point we want to see a move to the 50 ma followed by another resistance remount. At that point we'd be back on trend. While momentum needs technical improvement, SPY and IWM are already above their 50ma and 9emas. The "beaten downs" are technically very strong. Our current positions are healthy with SPXL and PRON bouncing big today. Stocks in play include RIOT, TSLA, SOLO, NIO, POLA, SNAP, INTU, ETSY, CELH, GRUB, WK, CGC, TLRY, GRWG, TWTR, GOOG, FB, MSFT, BZH, TME, WYNN, MGM, UAL, BA, SAVE, LUV, CLF, KSS, SBUX, BBBY, CAKE, M, 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: SPXL and PTON.https://screencast-o-matic.com/watch/creQbbVcbJs
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
March 9, 2021

