Quick Summary:
Market at key level basing above 50 dma. Our four key sectors are homebuilders, biotech, retail and gold miners. Every focus list stocks comes from these sectors. Still holding FB after taking profits in NUGT.
Video
http://youtu.be/RSb6CUN3eNkI 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
The market is basing above the 50 dma after remounting on Thursday. I currently see no edge in having a long or short bias. The market could fail here and retest the 200 dma or resume trend. We will monitor and adjust according to whatever scenario develops.
The game plan is to wait for market close, and in the meantime play the hottest sectors: biotech, homebuilders, retail and gold miners.
Trades
I am holding FB. Exited NUGT for a 12 percent gain (entry $13.45, exit $15.12).
Focus List
Focus list (see video for setup and entries): All stocks come from the "4 sectors". I have taken the gold miner stocks out of the focus list because the leveraged ETF outperforms. There is no need to waste time with individual stocks.OC,CEMP,RGLS,AMBA,HELE,RH,MUSA,PIR,DHI,HD,LEN,MNST,NUGT,BWLD,TGTX,BLUE,VA,YELP,ULTA,LOW,KITE,AGIO
Sector Watch
Homebuilders, Biotech, Retail and Gold Miners. We are keying in on these sectors (see video).
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)
