https://screencast-o-matic.com/watch/c31oq2V3COFNo surprises as the Fed raises rates 75 basis points. The market was prepared for this with SPY up 1.3% and QQQ up 2.5%. Remember that the initial reaction to the Fed is not always the future direction of the trend. It will take a few days to reveal itself. In the meantime, the game plan is to focus on ETFs SPXL, TQQQ, TNA, SOXS, FAS and TARK for potential long plays. Keep an eye on TARK. If the market bounces, ARKK is likely to outpace other indexes and stocks since growth is so beaten down. Today is an example of this as TARK is beating most indexes and growth stocks up 12% today (see video). 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: Exit SARK a little above breakeven. Still holding ZM.https://screencast-o-matic.com/watch/c31oq2V3COF
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 15, 2022

