Video: https://youtu.be/TIR8D3o5JaUMentorship Session Recording (2018 Stats): https://blog.bullsonwallstreet.com/swingmentorshipThe market showed strength yesterday, with one of the biggest up moves of the year. This is common in bear markets, where bounces can be extreme before the next down move. For that reason we are not predicting a continuation of uptrend just yet. We continue to watch for clearance of upside resistance levels and market breadth. For now that is the 9ema and 50ma (see video).I continue to build relative strength and weakness lists for potential bounces and failures.I added ULTA yesterday as a relative strength play. This is a great example of a stock that is ignoring the overall market and showing relative stregnth. Look for stocks near or above their 50ma.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.Relative strength list: OLED, ULTA, ISRG, AAPL, SHAK, HABT, LULU, WWE, ROKU, ORLY, WK, CYBR, TEAM, CLF, MTCH, BEL, DXCM, WING, ACIA, IAC, HAS, TWLO, UAL, IQV, HAS, TTD, PVTL, HMSYRelative Weakness: NVDA, SQWatchlist: SPXL, TQQQ, TNA, LABU, FAS, NFLX, NVDA, AAPL, FB,, UVXY, JUNG, NUGT, ULTA, ORLY, NVDA, BABACurrent Positions: Added, ULTA. 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)
