https://screencast-o-matic.com/watch/crelY8Vc4xg Today started off all about 10 year treasury yields, which hit all time highs. This caused a morning panic at overbought slightly conditions bounce levels, but has rebounded nicely as we head to the close. SPY and IWM are green and near highs, while QQQ is holding key support. This was a constructive week for the market as we bounced off the Friday hammers and remounted first resistance levels. We went from 0 to 5 positions, mostly focued on beaten down areas that are now showing relative strength. Tech is most sensitive the the yields and lagging, but still could get back on trend if it remounts the second key resistance levels next week. I added UAL today as airlines broke out of consolidation ranges. 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: Added UAL. Still holding SCCO, TLRY, SPXL and PTON.https://screencast-o-matic.com/watch/crelY8Vc4xg
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
March 12, 2021

