https://screencast-o-matic.com/watch/c3l0qVVvMC7Today is the unofficial start to the expected Santa Clause rally that runs December 23-January 4. This is one of the best historical trends known to traders due to it's 80% success rate. While we are in a bear market, historically that has not mattered much. I was expecting to add to the 2 positions today, but the relative weakness in the market due to consumer and inflation data has me a bit cautious and I will wait until next week for potential adds (see video). In today's report, I go over potential long term topping patterns in tech bellwethers AAPL, AMZN and MSFT. Energy, AG, gold and retail are strong today. Growth continues to lag. The best stocks are relative strength and stocks that had strong earnings. Current position NFLX and SLB holding up well.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, MRNA, SBUX, AMD, DE, CEIX, APA, HES, BABA, BIDU, HUYA, YINN, CLEH, MNST, MRNA.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/c3l0qVVvMC7
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
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December 23, 2022

