https://youtu.be/PwdVrrG0vLQMonday Mentorship Session Link: https://attendee.gotowebinar.com/register/5593607473146722561Mentorship Vids: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipWe end January and the week hitting our best case scenario which we discussed to start the week, which is a break from consolidation toward 200 day moving average resistance. This has lead to the best January in 30 years, coming off the heels of the worst December in 30 years. This illustrates how quickly the market can reverse, and how in this volatile market we must continually analyze with a fresh outlook and be willing to flip our theories very quickly without ego.Earnings season continues to impress, which is another underlying positive for this market. I added RACE as an earnings breakout setup this morning as it broke out over moving average resistance and looks to make a run at all-time highs (the added benefit is owning Ferrari!).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: Added RACE off earnings breakout setup. Still holding NFLX, 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)]]>
