https://screencast-o-matic.com/watch/c3nZqAVbkRQThe market rarely ever does what it's "supposed" to do. The expectation is that Russia invading Ukraine would cause the markets to tank due to geopolitical unrest, supply chain issues, energy issues and inflation. For a while the market followed the plan with futures down nearly 3% and a very weak open. However, QQQ is now up nearly 2% and many beaten down stocks are putting in rubber band reversal candle patterns. Metals have completely reversed extreme early morning strength. Areas putting in strong rubber band reversals include software, housing, solars, big tech and other growth areas. While rubber bands are in play, I still advocate caution. It's a gamble based on news that is unpredictable. A small low risk shot is fine. I may take a small .5-.8% risk shot at a rubber band, but not much more. After taking profits in the last of our 3 shorts, for now I'm all cash. Remember it's okay to miss the first move. Trends develop and if the market does bounce, we'll see if it's a true continuation or dead cat bounce. That second move is when the big opportunity will come. Stocks in play for potential bounce continuations include: TDOC, MELI, OKTA, DOCU, CRWD, CYBR, PANW, NET, PLTR, UBER, SHOP, SNAP, INTU, LULU, ZS, SQ, MSFT, CRM, GOOGL, FB, AMD, TOL, DHI, LEN, RUN, SPWR, ENPH, SPXL, TQQQ. 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 RKLB short. No current positions.https://screencast-o-matic.com/watch/c3nZqAVbkRQ
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
February 24, 2022

