https://screencast-o-matic.com/watch/c31DbAV3GqZIt feels like groundhog day, with the post Fed reaction to the 75 basis point raise the same as back in May when we got the first 50 basis point raise: initial positivity followed by a selloff the next day on no new news. What happens next? It's anyone's guess, so we now wait, prepare and plan. There are two potential outcomes we are watching for: 1) a big next leg down that could setup monster rubber band long setups, or 2) consolidation that setups up shorts. The easiest way to play either move is with leveraged ETFs. Stocks in play for potential rubber band longs include SPXL, TQQQ, TNA, SOXL, FAS, TARK, AAPL, GOOGL, AMZN, MSFT, NVDA, NOV, OXY, MRO, NBR. Trending stocks include JO, WEAT, CORN, SOYB. Potential shorts include KOS, HAL, SNAP, PLTR. ZM is showing relative strength amongst growth stocks, one of the few still above the 50ma. 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: Still holding ZM.https://screencast-o-matic.com/watch/c31DbAV3GqZ
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 16, 2022

