The market continues to show resilience in the face of uncertainty as it does not follow through on yesterday’s reversal. We are at the top of the recent range with many stocks and sectors participating. Market breadth continues to improve. Sectors showing strength include biotech, software, semis and beaten down or stimulus sensitive areas including airlines, retail, restaurants, leisure and base metals. Stocks in play include FAANG, TSLA, NVDA, CRM, TUP, ZM, LULU, BBBY, BOOT, X, CENX, FCX, SAM, CAKE, EAT, FDX, BABA, OSTK, SQ, PYPL, SHOP, WIX, SBUX, CRWG, GSX, ISRG, LABU, WKHS.
Relative strength list: ROKU, PTON, ZM, DOCU, OKTA, WORK, GRUB, EA, SNAP, TWLO, COUP, CRWD, IDXX, TSLA, AAPL, WHR, TOL, CHGG, W, SFIX, NTES
Beaten downs ETFs to follow: JETS, PEJ, BJK, XRT, XHB, MJ, XAR, DBB.
Big tech: FB, AMZN, GOOGL, AAPL, TSLA, DIS, TWTR, MSFT
IPOs: KC, NKLA, INO, GAN, RVLV, LMND, DKNG
RS Extended (potential longs and shorts): PTON, TSLA, ZS, SQ, SPOT, SHOP, WIX, TTD, ETSY, TAL, COUP, ZM, DOCU, FSLY, LVGO, BABA
China List: TME, YINN, HUYA, SINA, BABA, BIDU
BD: UAL, RCL, CAKE, MGM, WYNN, MAR, H, EAT, SHAK
ETF LIST: SPY, IWM, QQQ, GLD, GDX, TLT, UVXY, EWZ, FXI, RSX, USO, XLE, XLF, SMH, IGV, XCC, XHB, XAR, MJ, XLV, XBI, IBB, CLOU, SKYY
Current positions: Still holding AAPL, NAIL, AMD, BYND.