Market Speculator Part-Time | Swing Trade Report

Paul
Singh
December 3, 2018
How to trade stocksbows-opengraphTrading-Watch-List

Video: https://youtu.be/PH0tkDPBT0QMentorship Session Recordings (NEW RECORDING): https://blog.bullsonwallstreet.com/swingmentorshipThe market is popping big on G20 news, with QQQ up over 2% heading into the open and SPY ready to open above those key 50 and 200 moving average resistance levels. The key for this week is holding these levels and getting some continuation. Watch today to see if this breakout holds. If it does, it's a change in the flavor of the market, as initial pops have tended to fade, which is common in corrective markets. It's a positive that market breadth has improved over the past couple of weeks (see T2108 discussion) and more and more stocks and sectors are looking traceable to the long side. That being said, be ready for plan be if this breakout fails and we get a continuation of the corrective trend.Oil is in fire and triggering a rubber band bounce setup.Areas showing strength include Brazil, India, China and software. Metals are also improving.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: UWT, TQQQ, SPXL, BRZU, INDL, YINN, BABA, BIDU, IQ, BILI, HUYA, SINA, AAPL, AMZN, GOOGL, NVDA, CYBR, COUP, TEAM, SHAK, UA, ISRG, ILMN, IRBT, ULTAPotential bearish plays: SQQQ, TZA, SPXS, SOXS, FAZ, NVDA, FBCurrent Positions: Still holding NFLX, LABU and LULUToday'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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