https://screencast-o-matic.com/watch/c31ubmV0lLKThe market is pulling back today after a big run. Tests of the 9ema and the Thursday open gap offer key support levels. If these levels breakdown we could see a continuation of the bearish topping pattern. For that reason, we should be cautious and ready with a shorts list. The list includes inverse index ETFS SPXS, SQQQ, TZA, FAZ, SARK and SOXS. Remember in "correlated markets" most stocks will move with the markets so there is little edge in stock picking and leveraged ETFs give you added directional leverage. Other bearish stocks include growth stocks without accumulation and below 50ma's like SNAP, LYFT, UBER, UPST, U, NET, SPOT and SHOP. Travel stocks are strong today, as are ag and energy.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 YINN ZM.https://screencast-o-matic.com/watch/c31ubmV0lLK
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 28, 2022

