https://screencast-o-matic.com/watch/c0VbYAVwEymThe market continues to show strong breadth while more industries follow the lead of the relative strength leaders. Growth has been the big laggard over the past few months, but now we are starting to see a subsection of growth stocks starting to improve and develop bottom formations. These are the growth leaders that we want to track. In this bear market, look for setups that offer outsized risk reward. These are the big opportunities that protect us if there is a drawdown since hitting just a few of these cover any potential stop outs. Stocks reviewed today include NFLX, DIS, NVDA, META, ARKG, BABA, BIDU, HUYA, BILI, PDD, CVX, NOV, OXY, SHOP, OKTA, ARRY, ISRG, WDAY, RBLX, WING, CELH, SNOW, CENX, CEIX. Some of the stocks that offer outsized RR are game planned. Big banks GS and MS reported earnings today with the latter gapping up and the former gapping down. Of the 5 big banks, 4 had strong earnings reactions. This is a positive sign to start earnings season and backs our thesis that FAS is a strong setup.The indexes followed the banks lead and are all up on the day and clearing key resistance levels. SPY is testing the 200ma. If it clears the moving average and the recent high, it technically breaks the year long down trend. Obviously that would be a very strong signal.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.Current positions: Still holding SBUX and FASBig 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/c0VbYAVwEym
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
•
January 17, 2023

