https://screencast-o-matic.com/watch/c3lDoLVvAdJIt's the day after the big post Fed breakdown. While the market is red, it' slight and we are seeing some green stocks. SPY is below the 50ma and now testing the November gap. This is a key level. A fill and bounce here sets up a remount of the moving average. This would keep the Santa Claus rally alive. A breakdown here sets up a test of the November low. We will watch this level early next week for potential entry in our RS and positive earnings stocks. In the meantime it's nice to be position-less heading into the weekend. Key growth ETF ARKK is testing the pandemic low. Gold, social media, communications, defense and software are showing RS today. Software is likely due to ADBE solid earnings reaction. While big tech is weak, it's noticeable that the two stocks we have been eying, NFLX and META, are green.The game plan remains the same, although it's now tilted bearish over bullish. If we do decide to go bearish, inverse ETFs SPXS, SQQQ, TZA, SOXS, FAZ, SARK. Potential shorts include DIS, SBUX, ASML, SNAP, PANW, RL, AMZN, BURL, DKNG. If the market rebounds over the next few days we go long same RS stocks before December 23rd. Potential bullish stocks include GRWG, CELH, MNST,NFLX, SBUX, META, WING, ORLY, CHWY, DXCM, ISRG, ETSY, OKTA, IDXX, ASML, YETI, PDD, BABA, BIDU, HUYA, DADA, FAS, ERX, OXY, MRO, VLO, WDAY, BSY, MDB, CROX, FL, CECK, DKS, BYND, MCK, DXCM, LULU, ULTA, SIG, LNW, DOCS, DKS, DECK, EXPR, VLO, SLB, MRO, RL, OTIS, CAT, EXPD, HD, TOL, KBH, ODFL, UA, DOCU, ACMR, SE, PINS, FSLR, ARRY, ENPH, SPOT.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/c3lDoLVvAdJ
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 16, 2022

