https://screencast-o-matic.com/watch/c3n0q2VbA2aMorning strength has sold off as we near the close, with both SPY and QQQ dropping into recent support levels. The market is currently oversold, with stochastics sitting in the 10-12 oversold range. While it could go lower, if it were to bounce this is a good spot. For this reason I took profits in 2 of the short positions. RKLB short is still live. Industrial metals, ag and energy continue to show relative strength. Relative strength stocks include FITB, PBCT, ESTE, SM, KOS, PSX, MOS, NEM, CTVA, KR, COST, CAKE, SMA, AMD, NVDA, F, BTU, AA, NUE, X, FCX, HLT, MGM. The short list includes GM, TSLA, PLUG, SNAP, NET, TEAM, YETI, SQ, CRWD, LOVE, SONO, NIO, SPOT.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 profits in APPS and DOCU shorts. Stopped out ALK. Still holding RKLB short.https://screencast-o-matic.com/watch/c3n0q2VbA2a
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
February 23, 2022

