https://screencast-o-matic.com/watch/c3fTbwVYt6LThe market opened weak and has recovered a bit with QQQ and SPY off today's lows. After last week's post-Powell dive, the market is short term oversold and this could setup a reflex bounce this week. This is more likely if we get some good earnings with price action follow through in stocks like AAPL, GOOGL and AMZN. It's a huge week for earnings with the following focus list companies reporting: MSFT GOOGL UPS V PEP MMM JBLU DHI FB BA PYPL SPOT F T QCOM PINS TDOC HUM ADP HTZ TWTR AMZN ROKU MCD LUV MA LLY DPZ CAT XOM CVX AAPL. Commodities are very oversold in bullish uptrends and pulling back to key moving averages. These could be the best rubber band setups. The probability of success for these is likely less than 50%, but the RR on these are 3:1 and higher. Stocks in play include NFLX, PANW, TGT, ULTA, LEN, LMT, GD, NOC, MOS, HON, FCX, X, RIG, CLF, OXY, AA, KOS, UAL, CELH.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 ROKU short and exited OXY at breakeven. Still holding UGL.https://screencast-o-matic.com/watch/c3fTbwVYt6L
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
April 25, 2022

