https://screencast-o-matic.com/watch/crQbqlV6lLKUgly day for SPY as it sinks below it's 50ma down 1.2%. QQQ is now also in danger of testing it's 50 ma. Next week is important for the defense of this range. It's a good time to be cautious and is why I have not been adding. Intraday weakness, market breadth and September seasonality makes for a poor trading environment. Areas of strength include select IPOs, energy, electric and online retail. A number of stocks on the potential shorts list are bouncing today and could potentially give us dead cat bounce short setups within topping patterns. Stocks in play include AAPL, AMD, NFLX, AMZN, SNAP, PLTR, GLBE, TMO, UPWK, BYND, HOOD.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 SM, RVLV and AAL.https://screencast-o-matic.com/watch/crQbqlV6lLK
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
September 17, 2021

