https://screencast-o-matic.com/watch/c3lYYoVvmQLWhile the market starting continuing the ongoing weakness, it has since stabilized and both SPY and QQQ are holding key gap fill support levels. While we are not seeing intraday buying continuation, the fact that these levels are holding can be taken as a win for today. Now we want to see some strength at this level. If that happens we can play the Santa clause rally via SPXL, TQQQ or one of the relative strength focus list stocks. I am ignoring stocks that have lagged or even just kept pace with the market decline. Every stock on the watchlist is a relative strength leader.Energy, gold miners, biotech and defense stocks are leading today.The game plan remains the same. If we do decide to go bearish, inverse ETFs SPXS, SQQQ, TZA, SOXS, FAZ, SARK. If the market rebounds over the next few days we go long same RS stocks, leveraged ETFs and big tech before December 23rd. Potential Santa Claus rally stocks include SPXL, TQQQ, NFLX, META, DXCM, IDXX, AMD, MSFT, MCK, LMT, BA, ORLY, ULTA, ISRG, ETSY, BURL, OKTA, NEM, MRNA, JNUG, NUGT, SLB, NBR, CVX, VLO, OXY.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/c3lYYoVvmQL
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 20, 2022

