WAL trying to break out

FCG broke out, it is a nat gas play

CEIX trying to go again, thinly traded

FCX pulled back a bit and now trying to go again, resistance ahead.

OAS trying to break out, was stopped out yesterday, but rebought it.

VLO breaking out, BTU trying to

Thanks, Oil and Gas is great. I did not buy it yesterday.

Beautiful, thanks. Shipping has lots of costs, but this looks good

If we can find some short selling candidates that will be great. I see ebay as one just from the chart. tech is another one. bbwi,  wst. NET dropped 27% in about 3 weeks. It is better to find high PE and high priced without earnings stocks, not exactly know how to do that in FINVZ, or may be looking into ark(x) holdings.

Good buy, I didn't buy large just LABU, because I bought banks and oil. Sentiment is only a reference to me but not a decision I use to buy. The way I look at it is this. Overnight vix was up 12% just before market opened, this was not much, and it went up to only around 20%, when qqq dropped below daily trendline but OS, so I thought this does not look like panic selling to me, but just a drop then bounce (qqq undercut and OS, and spy just about touching lower trendline and OS) so I sold my shorts. I could be wrong, of course. One thing though is I forgot to buy SPY calls, too busy looking at banks and oil, and to close shorts.

For XBI, is this THE low moving forward? I am not asking a question. XBI stopped at 2018 support. I am planning to hold LABU for long term, unless we get a retest of this low.

I was anticipating an up close and thought of risking going long SOXL but you never know how it would end, and since I went to bed I could not see where the intraday low is to set my stop. The low seems to be where I sold my SOXS.  I will re-load IWM and NVDA short if condition allows, and add to my XRT or RETL short.

My CURE was stopped out only to find it green after I woke up, rebuying it. IYR traded with a long tail but I am not buying DRN. I bought LABU just before close.

qqq is below the uptrend line and spy is just above its uptrend line. Both OS. I covered my shorts, except for XRT, still holding puts. But my long banks and oil is getting hammered too, buying some banks and oil stocks. If market drops will Fed changes its mind, and if so, this may affect rates and banks / oil stocks, a bit risky to buy here.

I am definitely underweight banks now, and a pull back would be ideal. CMA and FTTB are the ones that I hesitated to buy on break out, but should have.

I have both trendlines on my chart as well, and qqq should hold here or else...

I was both stopped out on both

I also prefer to short after a stock enters a bear trend but rallies to 20ema, like ARKK down 12% in 4 days or other ARK funds. Once a trade is entered and the direction is correct, trail the stop. Or buy puts at the same 20ema mark. The previous leaders are now crushed, like net, upst, crwd, aehr, asan, etc. they fell like rocks.

I have entered TZA and IWM puts on Thursday, a bit early, but my plan is to add to my TZA and puts to build a larger position if / when IWM rallies up to 20ema, or if IWM trades sideways and let the 20ema catches up (similar to ARKK's recent move). There are 2 candles being rejected at 220 on IWM which is close to 20ema, but I was asleep and could not enter the short at those price, will try to set a bracket buy order instead. IWM weekly MACD does not look good, but IWM is close to support.

I bought TNA when IWM reversed from Dec low and was thinking if IWM can trade to 228, but it was rejected by its 50dma and horizontal resistant in 2 spots in early Dec gapped down and my TNA was stopped out. But Wednesday's drop was too quick and I was not prepared to enter TZA.

I have also entered XRT puts on Thursday. I cannot find an inverse XRT ETF.

Both IWM and XRT look similarly bad, but both are close to horizontal support. I do see a weak support below on both once they are broken, but after that, there is not much support.

One thing I have not tried is buying calls on inverse ETF such as TZA, or puts on RETL (if it is there). I am not experienced with options, only know the basics like buy 0.7 delta 30 - 60 DTE.

Matt and Steve, since interest rates are rising and non profitable high PE stocks are being crushed, can you please provide more short selling of these because they go down much faster, like 30-50% over a few months.

Another question that I have is why do analysts / banks upgrade or downgrade stocks? Is it to get people to buy when they upgrade a stock after they have already bought in and get people to sell when they downgrade it so they can buy it cheaper?

e.g. DISCK one of your charts is upgraded today, same for BP, T back in Dec when GS upgraded it, and TXN is downgraded today.

What is the strategy for trading a stock after the upgrade and downgrade or on earnings? e.g recently I bought MU on gap up on earnings (and kept trailing my stop and was stopped out today because of the whole semi is going down). Would upgrade gap up trade the same way?

TMV

After I went to bed, almost everything dropped, stopped out a few long positions. QQQ looks like a short if it reverts to the mean.