Today’s video: https://screencast-o-matic.com/watch/cYelDzxOZs
The market is in free fall. All out panic from the virus, NBA, Trump, travel ban, NCAA, etc. T2108 is hitting historic levels. Yes the market is extremely oversold, but remember we need a reversal signal to play the bounce. Everything is in freewill right now, so very little relative strength. If we get a bounce signal, SPXL, TNA, SOXL, FAS and TQQQ are the likely plays. If I decide to short, it will be something with lots of room to the downside, even at these extended conditions, like ROKU.
Focus list: SPXL, TQQQ, SPXU, SQQQ, USO, UWT, XLE, ERX, SVXY, FB, AMZN, GOOGL, AAPL, NFLX, NVDA, TSLA, X, FCX, ZM
ETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBB
Key long leveraged ETFs (if reversal): TQQQ, TNA, LABU, ERX, SOXL, FAS, BRZU, NAIL, YINN
How to use new site*: https://youtu.be/DwVI21S9cb8
Current Positions: Took profits in LULU short. No current positions.
