Quick Summary:
Indexes continue consolidation at 20 dma. Added BABA. See video for focus list analysis.
Video
http://youtu.be/mQynloE2l3sNote: 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
More consolidation as the indexes work off overbought conditions. Price is remounting the 20 dmas in both SPY and QQQ. Our thesis is that this consolidation period sets up more of a late December run up that should help our current positions.
The game plan is to play seasonality. Today we took on one more long positions, and may look to add another. Remember, I already have 4 long positions so will not look to add much more. If you are under positioned, don't wait for a trade alert. Go off the focus list. In morning updates I will point out good looking setups, as I did today.
Today's Trades
Added BABA today to current positions: UCO, CYBR and Z.CYBR gap up strong on internet security news. UCO consolidating bottoming range, but volume pattern still strong. Z holds recent low.BABA has remounted and is basing at that level. See video for stop level analysis and discussion of all positions.
Sector Watch
Emerging markets continue to bounce. Biotech pullback to 20 dma. Oil consolidating bottoming range.
RETL,USO,XLE,EDC,IBB,INDL,BRZU, XLF, NUGT .
Focus List
Focus list (see video for setup and entries): VA,CYBR,BABA,ZEN,SIG,COUP,LDOS,MNST,CMG,VTAE,ULTABiotech specific (strong sector, see video): RGLS,SGMO,ESPR,ATRA,TGTC,KITEStocks to watch, former leaders rolling over as short setups, but could remount moving averages and regain trends (see video:AMZN,NFLX,BIDU,TSLA,AAPL,YELP,YY,P,TWTR
Breakouts
The breakout list is healthy and consolidating, though BWLD and MSG broke out.
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
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)
