https://screencast-o-matic.com/watch/creFFOVc9mm As we expected today has been volatile with little follow through from yesterday's "good" Fed news. The yield is popping which means the Qs are dropping (see video). SPY and IWM are showing relative strength, and the equal weighted ETFs are outpacing the underlying indexes. Outside of tech market breadth is decent. The pandemic "beaten downs" are showing relative strength, particularly financials. Stocks in play include JETS, BJK, PEJ, MJ, FAS, MARA, BLOK, RIOT, GBTC, FROG, XPEV, BABA, CFG, BAC, GS, KEY, ZION, AMP, EXPR, AMC and most of the "beaten downs" list we track every day. For now I am sticking to the plan of waiting for a few days post fed for non-directional volatility to play out and trend direction to emerge.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: Still holding AAPL, UAL, SCCO, TLRY, SPXL and PTON.https://screencast-o-matic.com/watch/creFFOVc9mm
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
March 18, 2021

