Video: https://screencast-o-matic.com/watch/cYQrbldnKTThe market went into meltdown mode to open the week with fear in the air due to concerns about banks and corona lockdowns. While IWM is still getting crushed down 4%, tech is coming back strong down only .82%. While it is a good time to exercise caution, a low risk play in a relative strength stock makes sense. Corona themed stocks are very strong today. Basically anything related to "from home" or software. Online retail and semiconductors are also showing RS. The beaten downs are getting crushed, lead by airlines and casinos. Precious metals are also hit hard. We took profits in our bearish silver play ZSL and Zoom position as they hit target ranges. Took a very small loss in TWLO short. AMD and SQ are acting well on a down day, both green. SHAK has been flirting with stops. Along with relative strength list below, all beaten downs that are getting crushed are on watch for rubber band reversals if they show signals later in the week.Relative strength list: ROKU, PTON, ZM, DOCU, OKTA, WORK, GRUB, EA, SNAP, TWLO, COUP, CRWD, IDXX, TSLA, AAPL, WHR, TOL, CHGG, W, SFIX, NTESBeaten downs ETFs to follow: JETS, PEJ, BJK, XRT, XHB, MJ, XAR, DBB.Big tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFTIPOs: KC, NKLA, INO, GAN, RVLV, LMND, DKNGRS Extended (potenial longs and shorts): PTON, TSLA, ZS, SQ, SPOT, SHOP, WIX, TTD, ETSY, TAL, COUP, ZM, DOCU, FSLY, LVGO, BABAChina List: TME, YINN, HUYA, SINA, BABA, BIDUBD: UAL, RCL, CAKE, MGM, WYNN, MAR, H, EAT, SHAKETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBB, CLOU, SKYYTook profits in ZM and ZSL. Exit TWLO short small loss. Still holding AMD, SHAK, SQ.https://screencast-o-matic.com/watch/cYQrbldnKT
Market Speculator Part-Time | Swing Trade Report
Paul
Singh
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September 21, 2020

