Quick Summary:
Indexes slight pullback off highs. Today's entry TGTX off breakout-pullback setup. New sector to watch is homebuilders and building materials. Gold miners strong today.
Video
http://youtu.be/AeEBIcf8ZLsI 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 pullback slightly at overbought conditions as the market consolidates. 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. Today we added homebuilders to our sector watch list. While I am not ready for entries yet, we will monitor homebuilders like $DHI, along with retail and building materials - LOW and HD.
Trades
Today's entry was biotech stock TGTX. This is a classic breakout-pullback setup. Keep an eye on the 20 dma and bottom of the breakout bar for support levels.
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
Most sectors pulled back. Gold miners made a strong move and near 20 dma.
New sector to watch is homebuilders XHB (see video)
RETL,USO,XLE,EDC,IBB,INDL,BRZU, XLF, NUGT .
Breakouts
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)
