Video: https://youtu.be/cZgwG0bOLzEYesterday we starting the week expecting a pullback at extended levels and that's exactly what we got. Now that the reversal candle is in, we wait for continuation. This is a textbook short setup, however recent market history has not lead to big continuation moves to the downside. For this reason we remain patient and will not make any big directional bets until the market gives us more clues. I did short SPY yesterday by going long inverse ETF SQQQ. Note that I used a small risk number because of recent market history. I was stopped out of ROKU and am still in OLED, which showed strength like much of the semi sector.Keep an eye on UVXY popping if the market tanks. Gold ETFs UGLD and JNUG also would be in play.Today's focus list contains a mix of potential long and short stocks, many of which are on the list for both potential long and short setups depending on the market direction.Focus List: GWPH, RH, TWTR, BIDU, SINA, BABA, URBN, MDGL, YELP, TSLA, FANG STOCKS, WYNN, X, NVDA, FCX, SEDG, LULU, JNUG, UVXYMetals/Commodities and Retail list (long or short): FCX, CENX, AA, ARCH, BTU, FCX, X, JNUG, NUGT, KALU, ANF, EXP, AEO, ROST, GPS, URBN, RACE, LULUCurrent Positions: Added SQQQ. Stopped out
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