https://youtu.be/7b1vg1GlLrEMentorship Vid: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipPublic webinar recording: https://www.youtube.com/watch?v=rXg967Pz3dcThe market performed admirably last week consolidating big gains without pulling back hard, and is opening with weakness to start the week. Our outlook has not changed. I am slightly bullish, with best case scenario this week a run toward the 200 ma, and worst case a breakdown of support and continuation of bear market. We are prepped for either outcome (see video). If we need to short, initially it will be with inverse leveraged ETFs like SQQQ, TZA and SPXS.This is an important earnings week with many stocks reporting, including AAPL and AMZN. Oil is gapping down this morning.I entered BBBY on Friday off the classic earnings breakout-pullback setup.Earnings Breakout List: GS, BAC, SGMS, EBAY, XLNX, LRCX, SLM, STM, SGMS, BBBYRelative 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): QLYS, MDB, TEAM, CYBR, PAYC, FCX, CLF, CGC, UA, SPOT, DBX, LULU, HUYA, ROKU, WYNN, IQ, NFLX, TMEPotential short plays: SQQQ, TZA, SPXS, FAZ, LABDCurrent Positions: Added BBBY. Still holding 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)]]>
