https://screencast-o-matic.com/watch/cri1qzV18H7The market continues to show volatility, strength and concerning market breadth as we head towards a new earnings season. In today's video we discuss the weakness in equal weighted ETFs, which indicate a narrowing market. That being said, the major indexes are still healthy overall. Re-open stocks continue to show weakness while the economy seems to boom. Tech is showing relative strength. Amazon is breaking the key 1 year range on news that MSFT lost a defense cloud contract. China stocks are gapping down on news that the government will crack down on tech companies. We will watch these stocks for over-reactions over the next few days (see video). Stocks in play include ZM, AMZN, FB, ROKU, UPS, DIDI, BABA, BIDU, JD, SHOP, ZS, SQ, GRWG, CHWY, SPWR, NIO, FROG, PLTR, WISH, PTON, RBLX, DASH. 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/cri1qzV18H7
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
July 6, 2021

