https://screencast-o-matic.com/watch/c3jvFLVT53vEarly morning strength was quickly abandoned as the New York Fed President echoed Powell's commentary and was even more hawkish. In fact, he seemed sadistic in rooting for pain in the market. He must be happy with SPY breaking down below the 50ma. This is a point of extreme caution. So much so that there are not stocks on the watchlist today. Instead, we'll watch to see if we get an oversold bounce and the indexes can get back up over the moving averages. Growth is getting hit hard and the well developed bottom formations are now in jeopardy. Relative strength leaders like energy, solar and metals are not being spared. On watch over the next few days are the indexes and industry ETFs: SPY, QQQ, IWM, USO, XLE, XME, SMH, XRT, XHB, XLI, XLF, IGV, ARKK and JETS.Current positions: Stopped out LABU.Big Tech Stock List: AAPL, META, MSFT, NFLX, GOOGL, AMZN, MSFT, NVDA, CRM, ORCL, AMD, TWTR, DIShttps://screencast-o-matic.com/watch/c3jvFLVT53v
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
August 30, 2022

