Video: https://youtu.be/q2SLA0whMIwMentorship 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 opened down big and it looked like the indexes were ready to fail at moving average resistance, but have recovered half the red move an hour after the open. the 9ema resistance is still key. A failure at this level is a spot to establish shorts, while remount let's us get our feet wet with small index feeler long positions.I added long positions in oil and brazil ETFs, which are somewhat independent of the market. Both are low risk, high reward spots that focus less on high probability. The idea here is there is a higher than normal chance of failure, but risk reward is so strong that the trades are attractive. They also are two very different setups, in that oil has shown relative weakness to the market and is extremely beaten down, while Brazil is a relative strength area that has lead the market hover the past two months.Key leveraged ETFs include TNA/TZA, TQQQ/SQQQ, LABU/LABD, UWT, BRZU and INDL.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 UWT (oversold bounce) and BRZU (bottom formation continuation). Holding SPXL off rubber band continuation setup. Stop around $30 and target $34+.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)
