https://screencast-o-matic.com/watch/crjtF7VQQlVToday is all about Powell's speech from Jackson Hole. The head of the Fed said what the market wanted to hear, which was that while there will be some tapering, it will be slow and he expects inflation to take care of itself without big interest rate hikes right away. In today's video we look at SPY's intraday chart just after Powell spoke. It's a telling sign that the market is happy. Be careful though. In the past Powell has said good stuff but then a week later other fed heads get more concerning. Re-opens, metals, industrials, tech, cloud are very strong today. Stocks in play include FCX, AA, CLF, JBHT, GNRC, ODFL, CCL, MGM, WH, RL, FB, AMZN, NFLX, SNAP, SHOP, MELI, BTBT, FIGS, COIN, DKNG, GLBD, CWH, CELH, DLO, GOGO, MDRe-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: Still holding RIOT, AAL, YETI and AAPL.https://screencast-o-matic.com/watch/crjtF7VQQlV
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
August 27, 2021

