https://screencast-o-matic.com/watch/crheqrVeKwy I'm not a fan of trading cliche's like "sell in May and go away", but we do have reason to be cautious as we start the new month. May is up 55% of the time, which is not bad and should not deter you from trading. However, we are in the midst of a wacky earnings season with strong earnings showing weak price reactions. This development combined with some neutral market breadth indications near highs let's us know we should be cautious. Gold, silver, financials and select reopen stocks are showing strength, while tech is showing relative weakness. In today's video a go over a potential "short" or bearish pattern setup in the "at home" stocks that were booming in 2020 like Zoom, PTON and TDOC. A number of earnings gap down reversals are setting up. Stocks in play include SBUX, HAL, NFLX, TWTR, TSLA, FB, GOOGL, UPS, CLFD, EBSB, CSL, ISRG, KSS, M, BOOM, WOR, CLF, X, MGM, CAKE, DKS, FDX, KMX, MRNA, TGT, COST, BNTX, DPZ, ROKU, ZS.Re-open 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 UAL, DLPN and FCX. https://screencast-o-matic.com/watch/crheqrVeKwy
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
May 3, 2021

