https://screencast-o-matic.com/watch/c3i2FjV0sjwThe day after CPI has not brought a bounce as the market looks to close red for the 5th day in a row. While the overall pattern is downtrending, it would not be surprising to see a bounce tomorrow or Monday. For this reason, it's tough to establish shorts here. Bearish ETFs are on the radar and we will track SPXS, SQQQ, TZA, FAZ, and TARK. For now ARKK is still showing relative strength, though there are a number of software stocks like INTU and ADBE that are putting in dead cat bounce patterns. It's interesting that AAPL and NVDA are showing RS today. Relative strength stocks include BA, GRWG, CRON, CGC, TLRY, SHAK, SBUX, MUSA, CELH, COST, CRSP, LLY, FATE, BEAN, ARKG, LABU, RCKT, EDIT, RBLX, BMBL, DKS.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/c3i2FjV0sjw
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
July 14, 2022

