https://screencast-o-matic.com/watch/c3hDFeVrZeVThe market is holding just under resistance after Friday's bounce at extended levels. This is a key level that determines if short term we are in a reflex bounce phase or dead cat bounce failure. If the market and the many stocks testing their 9ema's remount, the "moving average" sandwich bounce is in play. We can take small speculative shorts in either direction now. Energy and metals are showing RS today, and energy is back on uptrend. Financials, housing, retail, growth and tech are all weak with bounces stalling at resistance levels. Relative strength stocks include APA, HAL, KOS, NEX, CVX, ULTA, FCX, CEIX, MOS, ADM. Potential shorts (can turn into bounce longs quickly): W, VEEV, SFIX, RACE, GM, ASML, SIG, TOL, LEN, BJRI, NET, MDB, TEAM, INTU, SHOP, UPWK.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: Nonehttps://screencast-o-matic.com/watch/c3hDFeVrZeV
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
May 16, 2022

