Video: https://youtu.be/rqAx7D4ZJMkMentorship Vid: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipPublic webinar recording: https://www.youtube.com/watch?v=rXg967Pz3dcThe market continues to consolidate gains just under a 3 point resistance range on the SPY ($159.50-162.90). My hope is we consolidate hear for a few days to a week, and then breakout. I won't get too concerned with a light pullback. However, if the 9ema breaks down convincingly I will change from slightly bullish to market neutral or slightly bearish and establish an index short.Oil is bouncing back after I took profits yesterday (see video). Software continues to show much strength, as does much of the tech space and the energy sector.Current position Facebook is nearing target level. Stopped has been moved up to entry creating a "free" trade (break even or win).The market opened gapping down this morning but is recovering. Stop is moved to entry in WYNN for breakeven or win play.Relative 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): ROKU, CLF, X, NFLX, AMZN, ETSY, SHAK, WWE, TEAM, AYX, MDB, TWLO, SQ, CYBR, HUYA, BABA, FCX, ISRG, LULUPotential short plays: SQQQ, TZA, FAZ, LABDCurrent Positions: Took profits in UWT. Holding FCX, NVDA, WYNN, FB.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)
