https://screencast-o-matic.com/watch/crhIqhVfOSE While Crypto get crushed and meme stocks pop, the market is in directionless limbo. We are getting no clear indications of continuation to the downside, or upside breakouts. SPY is bouncing meakly off the 50ma, and tech is green but within the range. The relative strength areas continue to lead. Extended stocks that could bounce as rubber band setups, but are also good candidates for shorts if bounces fail include: SPOT, PINS, BABA, DASH, DKNG, ABNB, RIOT. Relative strength stocks" TOL, BZH, LOW, MMM, HAL, IBM, EBSB, CSL, PPG, UPS, SGMS, FCX, COST, ORLY, YETI, LLY, PFE, CHW, YETI, ZION, ODFL. FB, GOOGL and AAPL are all bouncing off supports and are the best potential big tech plays. Potential shorts include ZM, TDOC, NIO, TSLA, ROKU.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: Stopped out PENN. Holding ADBE.https://screencast-o-matic.com/watch/crhIqhVfOSE
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
May 13, 2021

