📈 Opportunities Arising

The market is beginning to present opportunities in these names.

Opportunities Arising

The market is beginning to present opportunity, as we are beginning to form a bottom in my opinion.

There are some names that I think are worth watching as swing trades become more and more viable as the market holds.

Financials Leading

Financials are one of the best looking sectors right now. It got down near the 200 SMA and held emphatically, which is not true of other sectors.

Names like JPM and GS look great and are stocks I would have on my watchlist for a potential swing trade.

If Financials continue to hold, we cannot have a bear market. We would need to see Financials crack for this to occur.

Tesla Finally Catching?

Another name I’ve been long is TSLA, as it is finally starting to hold after falling off a cliff.

In the trading community, we spotted this positive divergence forming and got involved in the $230s.

While the stock obviously has a lot of risk with regard to Elon Musk’s ties to the current administration, it does look like it’s beginning to hold.

That doesn’t mean it can’t still retest lows, but it’s possible we never see those levels again, which is why I wanted to initiate a position before confirmation.

NASDAQ Still Lagging

With all of this, keep in mind that the NASDAQ is still under the 200 SMA.

The market is absolutely not safe until the indexes reclaim their 200 SMAs, and it’s possible that will take some time and turbulence.

For how I’m viewing the market, watch this video: