Market Speculator Part-Time | Swing Trade Report

Paul
Singh
October 16, 2018
How to trade stocksbows-opengraphTrading-Watch-List

Video: https://youtu.be/ZnuyzTsIY3kMentorship Session Recording (2018 Stats): https://blog.bullsonwallstreet.com/swingmentorshipThe market is consolidating the big down move and is set to open green this morning. If we bounce here, the question here is whether the bounce leads to a continuation of trend or is a "dead cat bounce" (weak bounce followed by failure and continuation of down move). We have not clue right now, although my bias is to the downside. For now I remain content to sit on my hands and wait for the clues we talk about in today's video. For the most part, I'm looking for improvement in market breadth and the market taking out key resistance levels to get more bullish. Any failure of bounces or breaks of lows will lead to shorting.We must remain patient and protect our profits, only getting aggressive on strong signals. In the maintume, I am developing relative stregnth and weakness lists, along with potential shorts and longs.Now we narrow our watch list to leveraged index ETFs that trade 3X the index and a few big names. There's no need to watch the rest of the market of stocks since most will do what the market does and we get leverage from ETFs. Watch key support on the daily and weekly chart for bounces (see video).Watchlist: SPXL, TQQQ, TNA, LABU, FAS, NFLX, NVDA, AAPL, FB,, UVXY, JUNG, NUGT, ULTA, ORLY, NVDA, BABACurrent Positions: Holding BIDU. Stop moved to around entry level at $205.60.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.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.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)

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