Video: https://youtu.be/t8XJAI00p04Mentorship Session Recordings: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipAnother volatile day with SPY looking like it was breaking the 9ema before pulling back below that level. We still have no market edge, and are in "slightly bearish mode" until resistance levels get taken out and market breadth improves. Nothing has changed in our outlook, although I have added some more potential longs in our relative strength list. See today's video for discussion on intraday action impact on swing trades and an intraday TSLA setup.As previously stated my bias is slightly bearish, and I am currently short IWM via TZA and short NVDA. I will look to add if support levels break. I will not look to go long unless the market breaks out strong. I have no stocks on the longs watchlist. If the market continues down, I will look to add by using inverse ETFs SQQQ, SPXS, SOXS.Stop for TZA is moved up to entry level. Stop for NVDA short is $160.Trade small, don't get too aggressive and stay in protection mode.Potential longs: NoneRelative Strength stocks: ILMN, WK, CYBR, ORLY, CHEF, TSLA, PAYC, TWLO, CROX, SBUX, DECK, TWTR, NFLX, IRBT, WYNNPotential bearish plays: SQQQ, TZA, SPXS, SOXS, FAZ, NVDA, FBCurrent Positions: Short NVDA. Still holding TZAToday'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.blog.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.blog.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)
