Video: https://youtu.be/bfOSDfIOZFwNew Mentorship Session on Tuesday morning: https://attendee.gotowebinar.com/register/5764009784598366467Mentorship Vids: https://blog.blog.blog.bullsonwallstreet.com/swingmentorship2 New Year End Posts:https://blog.bullsonwallstreet.com/pauls-2019-trading-goals/https://blog.bullsonwallstreet.com/11-important-lessons-learned-swing-trading-in-2018-how-we-mastered-the-bear-marketThe market was thwarted at the 9 ema and looks ready to test recent lows leading to a dead cat bounce. However, indexes are gapping up this morning off a good jobs report reaction. We will watch today to see if the gap holds and the market can remount the 9ema.I added a bearish trade with SQQQ yesterday as the market showed weakness at the 9. This is to balance the 3 long positions, so I have added a bit of risk at 1.5% (see video for discussion of this strategy). If this trade fails, it likely means the other 3 are doing well, so I'm willing to balance the longs with a little more risk.Oil is popping this morning and Brazil continues to show strength.Key leveraged ETFs include TNA/TZA, TQQQ/SQQQ, LABU/LABD, UWT, BRZU and INDL, LABU and RETL.Patience is key right now. I am content to be in cash unless we get strong signals.Trading vehicles include ETFs and big tech stocks.India and Brazil are still showing relative strength. Financials and oil are very oversold.We are sitting on a 33% gain in 2018 which is obviously crushing the market's -6% loss, giving us an alpha of 39%. We will go over the results in next week's group mentorship webinar and key takeaways from the trading year.Trade small, don't get too aggressive and stay in protection mode.Potential bounce plays: SPXL, TNA, TQQQ, SOXL, LABU, UWT, ERX, FAS, RETL, TEAM, AYX, MDB, TSLA, CYBR, NFLX, CLF, FCX, WYNNPotential short plays: SPXU, TZA, SQQQ, LABD, FAZ, NVDA, FBCurrent Positions: Added SQQQ. Holding UWT, BRZU, SPXL.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)
