Video: https://youtu.be/XDyL7eocR9kMentorship Session Recording (October Meltdown): https://blog.bullsonwallstreet.com/swingmentorshipThe market continues to slide after breaking down below the key support levels. The recent lows are still in play. If those lows break we can look to April and February lows. BRIC countries are showing strength, and we are watching Brazil, India and China ETFs. I added TWLO long as it formed a classic breakout-pullback setup this morning. I discuss oil setup in today's video since there have been so many questions about it.Overall earnings season has been bad, although it did show improvement last week. That is a potential driver of the current market. I continue to mentor earnings reactions. Also, now that all FAANG stocks have reported with poor reactions, I am watching for signs that they reverse.Remember strong bounces are common in corrective markets. They only signal a potential shift in trend if they take out key resistance levels coupled with strong market breadth signals.Trade small, don't get too aggressive and stay in protection mode. We don't know yet if this is a true reversal of trend bounce or dead cat failure bounce.Potential longs: CLF, NFLX, UA, TWLO, X, BZR, TOL, BABA, WYNN, UAL, TQQQ, SPXL, AMZN, AAPL, BRZU, INDL, YINN, SINA, BABAPotential bearish plays: SQQQ, TZA, SPXS, SOXS, FAZ, NVDA, FBCurrent Positions: Added TWLO classic breakout-pullback. Still holding 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)
