Quick Summary:
SPY nearing 50 dma and possible entry. Focus list: CMG,COUP,VEEV,Z,MNST,VA,ZEN,VTAE,SIG,BABA,UA,LDOS,PTX,LNKD,CYBR.
Video
http://youtu.be/XcknQcDOgGENote: 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
Pulled back hard on Friday and is now nearing the 50 dma. This is a key level we have been eyeing on pullback and sets up that late December run. Be careful though, often you will get a slight violation followed by remount. We have been watching the indexes for over a month now, but can now start looking at entry via leveraged ETFs SSO and UPRO.
QQQ still has some room before hitting the 50 dma, so no entry here yet.
The game plan is to look for good entries from the focus list to play late December seasonality. Continue to monitor SPY for possible entry.
Today's Trades
I am still holding VEEV, CYBR and Z.
Sector Watch
Biotech, semi and retail have pulled back which allows for more individual stocks to enter our focus list. I have added 1 biotech and a few retail to the list.
USO as a bounce play will be watched, but we are not there yet.
RETL,USO,XLE,EDC,IBB,INDL,BRZU, XLF, NUGT .
Breakouts
The breakout list pulled back across the board, but no real technical violations yet. If we get a market pullback, we'll get some good entries later.
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
Focus list to start the week:
CMG,COUP,VEEV,Z,MNST,VA,ZEN,VTAE,SIG,BABA,UA,LDOS,PTX,LNKD,CYBR (see video for setups/entries)
focus list biotech: ATRA, ESPR, SGMO, MDVN, AGIO, ACHN, RGLS
focus list retail: NILE,TIF,SIG,OUTR,HABT,GES,MUSA,ARO,ULTA
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.
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