https://screencast-o-matic.com/watch/c3Q3qhVOGglThe market is trading in a tight range the day after FED day as it slides into key support ranges. The recent "higher low" is being tested and if this level breaks we could see a test of the June low which market a two year low. That is a key level - if that support breaks we could see a test of the *pre-pandemic* high. These supports come at key levels because the market is extremely oversold with stochastic readings right around 10. Since the market top this oversold reading has provided a significant market bounce almost every time. If the market does bounce here, it will be a good spot to either 1) establish longs if market breadth improves or 2) establish shorts on bounce failure. The easiest shorts are inverse ETFs like SPXS, SQQQ, TZA, SOXS, SARK and FZA. Stocks on watch: SPXL, TQQQ, GIS, LMT, NOC, GD, CVX, MRO, OXY, AMD, MOS, CEIX, FL, DECK, DKS, PYPL, ZS, WYNN, HLT. Current positions: NoneBig 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/c3Q3qhVOGgl
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
September 22, 2022

