https://screencast-o-matic.com/watch/c3hlqlVr2PSWild intraday action today with the market tricking some into thinking a bounce was in play when it never was. This is a typical feature of bear markets and we must not get caught up in weak signals. That being said, the market is finally getting close to extreme levels. T2108 is under 10 and many stocks are hitting stochastic readings under 10 (see report). One more leg down sets up a potential bounce. My one concern for a bounce is growth is holding up well while the indexes are down. This does not indicate the max pain needed for a strong bounce. Metals are getting hit hard today. Stocks in play for potential bounces include: CRWD, SQ, AAPL, AMZN, INTU, TEAM, REGN, PFE, AMPH, X, FCX, CENX, AA.Stocks in play include: CRWD, SE, OKTA, NET, UBER, SNAP, HOOD, COIN, RBLX, PANW, DKNG, PLTR, JNUG, CENX, AA, FCX, NEM, FB, AAPL, AMZN, GOOG.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: https://screencast-o-matic.com/watch/c3hlqlVr2PS
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
May 12, 2022

