Video: https://youtu.be/DWpW5F1dgewMentorship Session Recordings: https://blog.blog.blog.bullsonwallstreet.com/swingmentorshipThe market opened with a gap down this morning, continuing the bearish downtrend. However, as of this recording 50 minutes after the open, the indexes are holding the gap down level and IWM has turned green. We'll watch for a potential short term reversal going into the close. This week has not been constructive for longs, and our bearish April/February lows bias is still in play. I remain patiently holding two bearish positions, while potentially adding a long in a relative strength stock like TWTR today. I could potentially add oil as well.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, WYNN, UA, UALPotential 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)
