Video: https://youtu.be/fq839qi1X9gMentorship Session Recording (2018 Stats): https://blog.bullsonwallstreet.com/swingmentorshipYesterday we talked about the scenario that would get us to take a small short position in the market, and it played out as expected with all three indexes failing at resistance levels.We used this opportunity to take a low risk entry in inverse ETF SQQQ, effectively shorting the market. The expectation now is that we end up testing the recent lows (around $270 for QQQ).I will reverse course and go from slightly bearish to bullish only if we take out upside resistance levels and see improvement in market breadth. Remember that during hard pullbacks the moves can be choppy in both directions without any trends. That's why it is best to be patient and swing trade infrequently.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: Exited BIDU break even. Stoped out ULTA. Added SQQQ.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)
