Market Speculator Part-Time & Swing Trade Report

Paul
Singh
December 3, 2014
How to trade stocksbows-opengraphTrading-Watch-List

Quick Summary:

Markets put in decent bounce after yesterday's pullback. Still in wait and see mode, but can open it up and look at a few more longs. Biotech reaches new highs and we have 7 biotech stocks to watch, along with 4 focus list stocks.

Video

http://youtu.be/NZmb2DInn4gNote: I highly recommend that you watch the video if you can, rather than just read the notes. I talk about strategies, entries and exits 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

While all of the major indexes bounced today, there still is technical damage in many momentum stocks, and it's a tough market to trade. We still have no clear clues, though today was a step in the right direction. SPY is right at gap fill and almost back in last week's range, though QQQ and IWM need more of a bounce to recover yesterday's losses.

Indexes 12-2-14

While the best bet is to stay on the sideline, we can open up the focus list to a few select stocks. We are looking for momentum plays that have not broke down technically. Stocks from our focus list MNST, CYBR, Z, MEG are near good entry levels.

Biotech reached new highs and again leads the market. I have created a 7 stock sector specific focus list (ATRA, ACHN, ESPR, SGMO, MDVN, AGIO, RGLS).

The game plan is to continue to watch the indexes for clues and keep an eye on this short watchlist. Those looking to trade can look to these stocks.

Today's Trades

My only position is Z which is holding up at the moving averages and formed a hammer today. The stop for Z is in the $109-110 range.

Z 12-2-14

Sector Watch

IBB is where it's at right now, as the ETF made new highs. While the sector ETF is at highs and not a good entry, there are some good individual stocks (see video and focus list section).

ibb 12-2-14

Oil/Energy are trading in a range near bottom. No real confirmation move today. Retail bounced slightly and still is a short possibility.

RETL,USO,XLE,EDC,IBB,INDL,BRZU,NUGT .

Breakouts

Some of our favorite breakouts recovered nicely from yesterday's pullback. TQNT, ACCO, AMED, TTWO are nearing good entry levels.

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

We are watching 4 stocks from the focus list closely for possible entry (see video for entry)

MNST, CYBR, MEG, Z

focus list 12-2-14

We also have a new biotech watchlist (see video for entry levels)

ATRA, ESPR, SGMO, MDVN, AGIO, ACHN, RGLS

biotech stocks 12-2-14

focus list retail: NILE,TIF,SIG,OUTR,HABT,GES,MUSA,ARO,ULTA

focus list: BITA,TSLA,Z,MNST,SOHU,COUP,SPLK,CYBR,POT,PTX,LMT,MEG,BIDU,GWPH,BABA,VEEV,WUBA

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)

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