https://screencast-o-matic.com/watch/c0VQqwVwr9aThe first week of the year ended green and the market is continuing with positive price action to start the new week. SPY is currently breaking out over 2 key levels - the 50ma and the range that has developed over the past few weeks. Next up is the 200ma. If this level and the December high gets taken out we break the year long bear market trend. I make no prediction on the odds of this happening and don't see a big longer term directional edge at this point. However, short term we should have a slight bullish bias. Key word here is slight. the upcoming earnings season will be key to a sustained trend. In today's video I go over chat room requested stocks and stocks from energy, metals, housing and diagnostics: XLF, FAS, TBBK, ETSY, SHOP, NFLX, SMH, SOXL, ULTA, OXY, NOV, MRO, VLO, EXAS, IDXX, DXCM, LEN, TOL, DHI, AA, FCX, STLD. Took profit in SLB as it hit target. Energy is still on watch.Bearish plays in AAPL, MSFT, AMZN, SPXS, SOXS, TZA, SOXS. Focus list 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, CELH, MNST, MRNA, TBBK, PI, PODD, IRDM, MEDP, SMCI, EXAS, CROX, FL, SKX, BBWI, LOW, FCX, UA, LULU, MCK, MEDP, BDC, DOCS, MNST, ADM, CENX, AA, TEX, TBBK, TSCO, MDB, FSLR. 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 January 4.Current positions: Still holding SLB and SBUXBig 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/c0VQqwVwr9a
Market Speculator Part-time | Swing Trade Report
Paul
Singh
•
January 9, 2023

