https://screencast-o-matic.com/watch/crfYqzVecR3 We could be witnessing a trend shift as all three indexes are extremely weak today. SPY and QQQ are breaking down below 9ema support, while IWM is getting hit hard and breaking it's already weak range. Even prior to today's move there has been cause for concern with weak reaction to good bank earnings, airline earnings and weakness in hot speculative areas. Many tech sectors which where looking to remount key levels are now failing at those levels. Re-open stocks are extremely weak with many breaking below support. We are now creating a bearish list for potential "quickie" shorts. For indexes it's to go long the following INVERSE ETFs: SPXS, SQQQ, TZA, SOXS, FAZ, ERY, WEBS, REW. Stocks setting up as shorts include KSS, M, ZM, FSLY, ROKU, ZS, ETSY, MARA, RIOT, DDOG. Stocks showing relative strength include EA, UPS, WMT, NEM, PPG, IBM, DASH, TKAT, YVR. 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 profit in CRWD. Breakeven exit in PYPL. Stopped out ULTA and ROKU. No positions.https://screencast-o-matic.com/watch/crfYqzVecR3
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
April 20, 2021

