Video: https://youtu.be/gaepb2ciyAwMentorship Session This Thursday: https://register.gotowebinar.com/register/6699491868878433292Mentorship Session Recording (October Meltdown): https://blog.bullsonwallstreet.com/swingmentorshipThe market has opened above it's 9ema after a strong candle continuation yesterday. If this level holds there is a potential "higher low" and "W" pattern in play. While I will not get aggressive yet, there is an opportunity to add a long. A few factors that have my bias going from slightly bearish to market neutral include improvement in the T2108 indicator, the overall market pattern and more stocks showing good bullish setups. However, remember that fallouts are common in corrective markets.Areas showing strength include India, China and software.Stocks I like today include TSLA, NFLX, AAPL, AMZN, NVDA, BABA, SINA, YINN, INDL, WYNN, FEYE, LULU, TEAM, UA, ORLY, ULTA, TWLOOverall 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: BRZU, INDL, BABA, SINA, BZH, TOL, CLF, X, WYNN, UAL, ORLY, ULTA, MDB, TSLA, TEAM, TWTR, FEYE, ETSY, XHB, NAIL, PHM, SQPotential bearish plays: SQQQ, TZA, SPXS, SOXS, FAZ, NVDA, FBCurrent Positions: Added LABU off bottoming formation and break of 9ema.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)
