https://screencast-o-matic.com/watch/c3hODnVrskxSPY, QQQ and IWM are remounting their 9ema's off extended conditions. While every bounce over the past few months has failed quickly, we have some interesting developments as the market attempts its latest bear market bounce. Any time you see positivity in the face of bad news, we should take that as big positive market sentiment. Yesterday's Fed minutes were concerning in that it signaled even more aggressiveness in fighting inflation. On top of that we got warnings from tech bellwether NVDA and DKS. Yet, the market was positive and both NVDA and DKS completely reversed gap downs and closed positive. Taking this in to account, I'm getting my feet wet and nibbling in a long position in AAPL, while keeping SARK on as a hedge. I may look to add more later today or tomorrow. We shall see. Stocks in play for potential bounce include SNAP, INTU, PLTR, PINS, ZM, MSFT, DKS, COST, NVDA, ULTA, M, FCEL, HAL, OXY, NUE, EXPE, AFRM.Stocks in play include SNAP, ZM, INTU, PLTR, PINS, MSFT, TGT, DKS, ULTA, KOS, APA, EXPE.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: Added AAPL and holding SARK.https://screencast-o-matic.com/watch/c3hODnVrskx
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
May 26, 2022

