https://screencast-o-matic.com/watch/crQrqFV6ZnaA weak bounce is in play off yesterday's late day strength, but this is not an all systems go signal to "buy the dip". One of two scenarios is likely 1) a slow float higher, in which case we add positions when resistance levels get taken out 2) dead cat bounce, where the bounce fails and we get a secondary move down. In the meantime, a cautious approach is the best approach. Small shots in either direction are okay, but I would not get too aggressive. Its worth noting that the stocks really moving today are smaller momentum stocks and IPOs. The "at-home" stocks still look like they are topping: ZM, PINS, PTON, TDOC, ROKU. Stocks in play include UBER, LYFT, DASH, ABNB, U, PLTR, FSLR, DLO, SNAP, MRNA, CROX, DECK, CRWD, HOOD, SE, TRMB, DKNG, PYPL, QDEL, TWTR, GOOGL, FB, NFLX.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/crQrqFV6Zna
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
September 21, 2021

