Quick Summary:
Indexes continue consolidation at 20 dma. Added BABA. See video for focus list analysis.
Video
http://youtu.be/7RAYhYWu2XcI highly recommend that you watch the video, rather than just read the notes. I talk about strategies, entries and exits more in depth in the video, yet short enough that they are only 5-10 minutes long.
Indexes and Game Plan
Indexes continue to float up slowly near highs. They are extended with low volume, so be a ready for a pullback. However, remember that the low volume is due to holiday trading so take any volume analysis with a grain of salt.
The game plan is to focus on individual stocks and biotech and gold miners. The focus list is made up of a few of our usual IPOs, security, retail and now biotech and gold miner stocks.
Trades
Current positions BABA, CYBR and UCO.
Focus List
Focus list (see video for setup and entries): BABA,CYBR,UCO,SSRI,AEM,PANW,VDSI,ULTA,SIG,GPRO,ATRA,TGTX,MDVN,ESPR,KITE,CDE,PAAS,AUY,AUStocks to watch, former leaders rolling over as short setups, but could remount moving averages and regain trends (see last week's videos):AMZN,NFLX,BIDU,TSLA,AAPL,YELP,YY,P,TWTR
Sector Watch
We are keying in on biotech and gold miners (NUGT). NUGT can be played as an entry off it's bottoming formation (see video)
RETL,USO,XLE,EDC,IBB,INDL,BRZU, XLF, NUGT .
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)
