Market Speculator Part-Time | Swing Trade Report

Paul
Singh
September 8, 2022
How to trade stocksbows-opengraphTrading-Watch-List

https://screencast-o-matic.com/watch/c3QjFYVO1X5Powell spoke today and basically reiterated his Jackson Hole comments that sent the market in a tailspin. However, what's interesting this time is that the market did not tank, and is up a bit. This supports the view that the 75 basis point hike is not priced in and the market is ready for a bounce. We are two weeks away from the next rate hike meeting, so this gives us some time to cautiously add a few positions. That is why we took some shots with PANW and DKNG. Bot are post earnings breakout setups. Solars and post earnings plays continue to setup. Growth is finding support. Short will want to see a failure of the bounce/consolidation. If the market bounces and fails shorts will setup. Since the market is very correlated, the easiest short play is to go bearish the indexes with inverse ETFs like SPXS, SQQQ, TZA, SOXS or FAZ. Keep in mind market busting Powell speaks on Thursday and we have the fed rate day in 2 weeks (see video). Post earnings and relative strength stocks include NFLX, AMZN, DIS, AAPL, TSLA, DKS, DECK, LULU, MCK, MELI, SNAP, ARRY, SPWR, RUN, RIVN, OXY, VLO, YELP, PYPL, PINS, UBER, DKNG, TEAM, NET, DXCM, TWTR, ETSY, ENPN, FSLR, ADM, ASAN, DHR, SMCI, SBUX.Current positions: Added PANW and DKNGBig Tech Stock List: AAPL, META, MSFT, NFLX, GOOGL, AMZN, MSFT, NVDA, CRM, ORCL, AMD, TWTR, DIShttps://screencast-o-matic.com/watch/c3QjFYVO1X5

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