Watching this market’s wheels come off in the midst of historic euphoria is the craziest thing since 1999.  

But at least in 1999 we weren’t in the midst of a pandemic, historic GDP contraction and record unemployment numbers. 

Here we are though, at all-time highs for the Nasdaq and the S&P 500 that remains in the green so far for 2020. 

The takeaway from all of this, is that anytime we have a recession, simply ask the Federal Reserve to hit the fast forward button to the year that no one could possibly know whether the economy will be better or worse, by pretending it will certainly be better.  

Below are my two watch-lists – on is bullish, and the other is bearish – to use for the remainder of the week. Now I know what you’re thinking, “Why is Netflix (NFLX) and Advanced Micro Devices (AMD) on both lists?” That is because I am waiting to see whether they break higher or break lower, because depending on which direction it ultimately takes, is the side of the trade you want to be on. Essentially, I can see those two stocks going either way. 

Here’s my watch-list of long setups I am following:

bullish watch list 6 8

Here’s my watch-list of short setups I am following:

bearish watch list 6 8

join the swing trading block

 

 

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