Quick Summary:
Indexes pullback. Sectors to watch gold miners, energy, retail, biotech and homebuilders. The focus list is mostly from these sectors. Also adding some fallen momos that are recovering.
Video
http://youtu.be/R06XbyKeL6sI 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 and hold at key moving averages. For now look like healthy shallow pullbacks.
The game plan is to focus on individual stocks and biotech and gold miners. We are also adding energy and homebuilders, along with select retail plays. Some broken down momos have remounted and could be ready to resume uptrends.
Trades
Current positions BABA, CYBR, TGTX and UCO.
Focus List
Focus list (see video for setup and entries): LOW,PANW,AU,AEM,CDE,BABA,CYBR,UCO,NUGT,GPRO,LNKD,YELP,NFLX,FB,TGTX
Sector Watch
Mn video take a look at top and bottom performing sectors. Keying in on biotech, gold, silver, energy, homebuilders and select retail,
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)
