https://screencast-o-matic.com/watch/cr1uqwV1AE0We start the week with a continuation of the recent market trend. Technology, IPOs and Electric continue to show strength while we see more deterioration of the technical setups in the "re-open" stocks. At some point I believe this pullback will lead to great setups in the re-open area, but not now. Blockchain related stocks are also strong today and have greatly improved patterns, which at first glance seems odd considering the weakness in Bitcoin/crypto patterns. Stocks in play include DIS, ULTA, AA, UAL, UPS, LLY, ZM, PTON, OKTA, FSLY, APPS, SQ, COIN, RIOT, MARA, SEDG, NIO, NKLA, GRWG, RBLX, JMIA, WISH, AI, ABNB, FROG, LMND, SNAP. Notice that many of the former at-home "topping patterns" are now remounting key levels and invalidating potential tops. 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 TSLA, BLI, ERX, BIB, SKLZ.https://screencast-o-matic.com/watch/cr1uqwV1AE0
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 28, 2021

