https://screencast-o-matic.com/watch/crhlqrVf0eS No continuation from yesterday's strong close as inflation numbers surprised and spooked the market. While there has been pockets of relative strength during the weak May market, today is a broad based spanking. SPY is heading to a 50ma test, QQQ broke below yesterday's low, and strong sectors like housing are now getting crushed along with the rest of the market. Short opportunities that offer good RR exist in some of the previous stronger areas with stocks like LUV, UAL, WYNN, SBUX, MGM, KSS, LOW, TOL, X setting up. There are no stocks on the longs watchlist for today. Exercising caution with no speculative plays while holding yesterday's bounce plays.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: Holding ADBE and PENNhttps://screencast-o-matic.com/watch/crhlqrVf0eS
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
May 12, 2021

