https://screencast-o-matic.com/watch/c31vqOV0qZyThe market continues to pullback after a big reflex bounce and has now dipped below the 9ema. This without any big negative surprise in the inflation numbers that came out this morning. This market is very correlated with most stocks moving in lock step with the market. When this happens you want to keep track of stocks that are not following the negative trend. The following stocks are showing relative strength and in uptrends: LNTH, CELH, NOC, LMT, CHEF, MCK, ORLY, SWAV, ULTA, PDD, LLY, PFE. RH gapped down big which is a poor signal for the housing sector, which is in a big topping pattern. Potential longs include: MSFT, T, INTU, DDOG, TEAM, PDD, FROG, SNOW, LNTH, PLTR, OKTA, MCK. China ETF YINN is also still a potential long after taking profits yesterday. Potential Shorts include: SNAP, SQ, LYFT, UBER, UPST, U, SHOP, SPOT, RIOT, LOW, HD, DHI, LEN, PTON, SIG, NVDA. 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. Took profits in YINN.https://screencast-o-matic.com/watch/c31vqOV0qZy
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
June 30, 2022

