Market Speculator Part-Time | Swing Trade Report

https://screencast-o-matic.com/watch/c3QIbEVOFaYA surprisingly hot inflation report has the market gapping down today with SPY down 3% and QQQ down 4%. While the recent uptrend is not invalidated, yet, this is not the type of pullback or consolidation we were looking for two weeks before Fed rate hike day. Now 100 basis points might be in play instead of the already upward adjusted 75 point expectation. Thus, after looking to get a little more aggressive, we are back in wait and see mode. How the market handles today's gap down is key. Many stocks that are pulling back are still in the framework of bullish setups. If these setups start breaking in a lot of stock (as they already have in many big tech stocks), it will not be a good sign. The only real area of relative strength is in commodities like energy, metals, wheat, corn and solars. Stops on DKNG and PANW are at entry level. Stocks on watch include: AMZN, AAPL, NFLX, TSLA, CVNA, PTON, PXD, OXY, RACE, MELI, MNST, CELH, ETSY, UBER, CWH, INTU, DIS, PYPL, DECK, DKS, GLB, TOST.Current positions: PANW and DKNGBig Tech Stock List: AAPL, META, MSFT, NFLX, GOOGL, AMZN, MSFT, NVDA, CRM, ORCL, AMD, TWTR, DIS, JETS, BJK, PEJ, RSP, QQEW, EWZ, FXI, Key ETFS: SPY, QQQ, IWM, UUP, UVXY, ARKK, IGV, SMH, XLC, IPO, XLF, XRT, XHB, XLV, IBB, XBI, XLE, USO, DBA, DBB, XME, GDX. GLD, SLV, TANhttps://screencast-o-matic.com/watch/c3QIbEVOFaY