https://screencast-o-matic.com/watch/c3nTY1VbEtQThe market is in a bit of a holding pattern as we head toward a weekend filled with uncertainty. Most stocks are up or down a little from yesterday's big bounces. While we have no real edge because of geopolitical events, we do know that we are in a spot where the market tends to bounce. Technical indicators are oversold and showing decent market breadth. It's also worth noting that sentiment reading are similar to what we saw near the pandemic lows. Caution is still warranted with either staying in cash or taking a few low risk speculative trades. I did that with NVDA today. Note that this is a longer term swing potentially 1-2 months with a 5:1 RR and wide stop to attempt to ride out market volatility. Metals, housing banks and energy are leading today while software and growth bases near the top of yesterday's ranges. Stocks in play for potential bounce continuations include: TDOC, MELI, OKTA, DOCU, CRWD, CYBR, PANW, NET, PLTR, UBER, SHOP, SNAP, INTU, LULU, ZS, SQ, TOL, DHI, LEN, RUN, SPWR, ENPH, FB, GOOGL, AAPL, MSFT, AMD, TSLA, CVTA, FITB, CMA, PBCT, HUN, GDEN, MGM, FCX, NUE, CAKE, KR, COST, 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/c3nTY1VbEtQ
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
February 25, 2022

