https://screencast-o-matic.com/watch/c3lrqeVvJNqThe gap fill support we have been targeting as key to the potential Santa Claus rally has held and is bouncing strong today, with SPY up 1.5% just under the 50 day moving average. Market breadth is strong and many areas are participating today. Relative strength and key industries continue to lead. The official start to the Santa Claus really is Friday December 23 (thru Jan 4). I will likely add a position before the close today and look to add 1-2 more positions before the holiday weekend. Our current energy position SLB is strong and already half way to target range. 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, DECK HUYA, LLY.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, DECK HUYA, LLYCurrent positions: SLBBig 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/c3lrqeVvJNq
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 21, 2022

