https://screencast-o-matic.com/watch/crQYFkV6qSZThe market is getting slammed today with SPY down 2.6% and both QQQ and IWM down over 3%. While the news is using China, Inflation and Coronavirus narrative to explain the move, we know market breadth has been weak for some time now and September seasonality is also in play. In today's video we compare this September to the drops last September and October. At some point this creates a great opportunity, but we must be patient and look for the signals. Airlines are showing relative strength on travel restriction news, which is good for our AAL position. VIX is spiking and the CNN fear index in nearing extreme levels, but I'd like it to get more extreme. I am not looking to add positions today. Stocks showing relative strength include BROS, LOVE, OPEN, DASH, MRNA, PFE, SGEN, DG, QDEL, COUP and LUV. 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: Took small profit in SM. Still holding RVLV and AAL.https://screencast-o-matic.com/watch/crQYFkV6qSZ
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
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September 20, 2021

