https://screencast-o-matic.com/watch/creZqXVV3hF QQQ and IWM are failing at key levels with more fear of coronavirus and a slowdown in the reopening of economies. This is a good time to be patient, cut down on positions and wait the market out. Energy and some beaten down areas are showing relative strength today, but even those areas are off intraday highs. I took profits in SPXL and exited PTON before stop level for a small loss to decrease positions. The QQQ is forming a potential "dead cat bounce: bearish pattern, as are many tech stocks including SEDG, PLUG, BEEN, AMD, NVDA, DDOG, SQ, DOCU, CRWD. Stocks showing relative strength include GOOGL, ORCL, ERX, F and BOOM.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: Took profits in SPXL. Exited PTON for a small loss. Still holding AAPL, UAL, TLRY.https://screencast-o-matic.com/watch/creZqXVV3hF
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
March 24, 2021

