Quick Summary:
New focus list additions YELP and Z. GPRO and GWPH breakdown. Current positions TSLA and BITA. Key Focus list for Friday TSLA, GWPH, Z, LMT, WLL, BABA, CYBR, BIDU, PTX.
Video
Along with the usual analysis, in today's video I talk about an influential book and why I am watching NUGT instead of gold miner stocks.
http://youtu.be/vAHZJSNjozo (13 minutes)Note: I highly recommend that you watch the video if you can, rather than just read the notes. I talk about strategies more in depth in the video. I try to make them short and to the point with little non-essential information.
Indexes and Game Plan
Same old same old from the market today, as the dip that might roll us over was bought and we continue to float upwards ever so slightly.
The game plan continues to be trade conservatively and focus on individual equities for long positions.
Today's Trades
I am still holding TSLA and the partial position in $BITA. No new trades.
Sector Watch
Retail continues to act strong with more breakouts (today BBY, DLTR, WSM). Gold minors and Crude oil trading within range.
Breakouts
I am keeping a close eye on high tight flag setups TQNT, AMED, BWLD and TTWO (see video).
With earnings season coming to an end, we continue to watch the attractive earnings breakouts we collected. The good ones are forming ranges and some will become the next momentum players.
TTWO, CALD, COUP ACHC,RFMD,ACCO,AMED,X,TQNT,AN,TRNX,MSG,RCPT,VDSI,BCOR,CATM,BWLD
Focus List
BABA was above the $11.60 entry for a while today, but ultimately closes back in the $106-110 range. We continue to watch these levels.
GMCR and GPRO both broke down hard. We will watch from a distance until we see recovery.
Stocks at the forefront with entries discussed in video: TSLA, GWPH, LMT, BABA, WLL, CYBR, BIDU, PTX
New additions:
Z: Breakout-remount and bottoming formation
YELP: Possible support range
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Way and How to Analyze Your Swing Trade Results It is important to know these setups and rules if you trade off the Report.
New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter
(twitter.com/PaulJSingh)
