Video: https://youtu.be/vi3FT-_Log0Mentorship Session Recordings (NEW RECORDING): https://blog.bullsonwallstreet.com/swingmentorshipBest case scenario today as the initial G20 pop held as both SPY and QQQ closed over their respective 50 and 200 day moving averages. This technically puts the market back on uptrend. Even more encouraging is the positive underlying market breadth. The key this week now is to hold these levels. That would be a big plus for this market, especially with December seasonality on its way. Anything more than holding these levels as gravy.That being said we must remain cautious and have a plan be in case this move fails (see video).Areas of strength include BRIC, oil, energy, software and select tech. Select retail like footwear apparel are also strong.I use the huge pop in energy today to add oil leveraged ETF UWT. Still holding LABU after the biotech pop and NFLX. I took a small profit and Lulu as earnings are coming up.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 (which the market is doing now).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, ULTA, NKE, SYNAPotential bearish plays: SQQQ, TZA, SPXS, SOXS, FAZCurrent Positions: Added UWT. Took small profit in LULU. Still holding NFLX, LABU.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)
