https://screencast-o-matic.com/watch/c3l3DGVv7FCA day after a strong bounce off good earnings and consumer data, the market is giving it all back and more on "fears of monetary tightening" which is interesting considering nothing has changed since yesterday and those fears were still there. At any rate, the official start of the historical Santa Claus really is tomorrow thru January 4. This period has done well in past bear markets, so let's see how this year shakes out. My plan was to add a position after adding NFLX yesterday, however now I will hold off unless we see improvement in the market. Relative strength areas continue to hold up the best. In today's video we go over the footwear industry after NKE strong earnings yesterday. This is definitely a relative strength space, with NKE SKX and DECK leading. We also review big tech, which is ugly and full of potential shorts. Current position NFLX is holding up well and SLB is near entry level.Potential Santa Claus rally stocks include SPXL, TQQQ, NFLX, META, DXCM, IDXX, AMD, MSFT, MCK, LMT, BA, ORLY, ULTA, NKE, ISRG, ETSY, DECK, 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.Current positions: SLB and NFLX.Big 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/c3l3DGVv7FC
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
December 22, 2022

