https://screencast-o-matic.com/watch/c31eFuV3lIzThe past two days we received ominous warnings from the big banks and the market popped. Today we get good news in the form of a great jobs report and the market pulls back. One of the pundits said, "good news is bad news". Wall street's nonsensical reactions are more evidence that it's all about price action and we should ignore the news. So what is price action telling us? Even with today's pullback we are still in the midst of a bear market bounce. The pullback is within the current range. We should watch the 9ema on both SPY and QQQ to assess the short term trend. Thus, bias is still slightly bullish short term, but bearish on the longer time frames. AAPL stop is moved to entry level. Stocks in play include ZM, PFE, PLTR, LLY, SBUX, SNAP, UBER, ADBE, INTU, UA, TGT, COST, LMT, NOC, GOOGL, AMZN, MSFT. Potential tops in housing related LEN, TOL, DHI, LOW, HD. Some energy stocks are getting very extended and are not watch for runner shorts: ESTE, SM, COP, KOS. Other potential shorts include PTON and DKNG.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: SARK, AAPL and NVDAhttps://screencast-o-matic.com/watch/c31eFuV3lIz
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 3, 2022

