https://youtu.be/4WsZOtaumAU*NEW* Mentorship Vids: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipThe market is reacting negatively to multiple negative news events overnight including China retaliation, new Trump Mexico tariffs, and other economic factors. I took off the FB and UVXY trades, which balanced out, and am keeping the new TZA bearish bet as the market continues down and IWM is nowhere near logical support levels (see video). While I am slightly bearish, I took UVXY off not only to balance FB, but to not be over leveraged in one direction heading into the weekend. Remember during these types of markets, protection is important. Currently we are up close to 15% YTD while SPY/QQQ/IWM are 10/12/8%. It is important to stay ahead while everyone else is getting crushed.Relative strength: TWTR, FB, LMT, ROKU, BYND, VEEV, BRZU, FSLR, WIX, JMIARetail stocks: TGT, COST, KMX, RL, ANF, FIVE, DLTRKey long leveraged ETFs (if reversal): TQQQ, TNA, LABU, ERX, SOXL, FAS, BRZU, NAIL, YINNPotential short plays: SQQQ, TZA, SPXS, FAZ, LABD, SOXS, PANW, TWLO, ULTA, LULUCurrent Positions: Took profit in UVXY. Stopped out FB. Added TZA.Today's video:
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Wayhttps://blog.bullsonwallstreet.com/23-laws-part-time-swing-trading-market-speculator-way/How To Use Swing Dashboard: https://blog.blog.blog.bullsonwallstreet.com/how-to-use-the-new-swing-trader-dashboard/Chat With Traders Interview: http://chatwithtraders.com/ep-058-paul-singh/29 Essential Trading Posts: https://blog.blog.blog.bullsonwallstreet.com/29-essential-swing-trading-posts-2016/New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter(www.twitter.com/PaulJSingh)]]>
