https://youtu.be/12vGM0xbsmwMentorship Vids: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipThe market is up and testing moving average resistance at the 200 ma. This is a key level, and although the market is getting overbought there is plenty of momentum. Surprising GOOGL is not moving much after a strong earnings report and guidance. However, overall a strong earnings season continues to boost the market off bear market lows. I took the market bounce as an opportunity to take profits in NFLX and add FB as it holds the moving average post breakout. Stocks I am watching for entry today include SQ, WYNN, ROKU, X, LULU, ULTA, GWPH, BABA, TME, AMZN.Homebuilders is showing strength, along with energy and metals.Earnings Breakout List: GS, BAC, SGMS, EBAY, XLNX, LRCX, SLM, STM, SGMS, BBBY, BA, AAPL, BABA, ANTM, RCL, MA, RACE, FB, WYNNRelative strength areas include Brazil, India, software and small caps. Beaten down areas like semis, retail, housing, biotech and energy are also starting to show strong bounce potential.Key long leveraged ETFs include TQQQ, TNA, LABU, ERX, SOXL, FASFocus List Longs (besides ETFs): AAPL, GS, BA, AMD, FB, TME, IRBT, SOXL, YINN, ERX, RIG, DO, FCX, BRZU, TWLOPotential short plays: SQQQ, TZA, SPXS, FAZ, LABDCurrent Positions: Took profits in NFLX. Added FB off earnings breakout. Still holding RACE, BBY, FAS and UWT.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)]]>
