Market Speculator Part-Time | Swing Trade Report

Paul
Singh
July 15, 2021
How to trade stocksbows-opengraphTrading-Watch-List

https://screencast-o-matic.com/watch/crioqaViF28The market is pulling back on more fear of economic growth/inflation and delta variant talk. Powell spoke today and reiterated what he's been saying about inflation and economic recovery. The market is extended and market breadth has been weak, which is adding to the potential for a deeper pullback. The first weak of earnings has been mixed, with most companies in banks and airlines posting good numbers, but getting mixed price reactions. Financials, China, biotech and housing are showing relative strength today. The QQQ's look vulnerable because of how extended they are. There are potential "runner short" setups in play with extended stocks like TQQQ/SQQQ, ROKU, NVDA, INTU, NOW, ZS, SHOP, CRWD. Stocks of interest include DIS, DAL, AAL, GS, XLF, FAS, MMM, HD, DOCU, WORK, MRNA, REGN. I am not looking to add positions. Caution is the approach right now, especially with big tech earnings starting next week. The market should reveal a good trend after we get more of these earnings out of the way.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, BIB.https://screencast-o-matic.com/watch/crioqaViF28

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