Quick Summary:
SPY up slightly within range. Took partial profits in DIG with the rest as a "free ride" trade. NFLX added to breakout list with yesterday's breakouts removed. Focus list narrowed to key strong stocks setting up. Sectors emerging markets/brazil and gold miners watched closely.
Video
http://youtu.be/0OIyRWMpCq0I 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 were mixed with SPY up slightly, still within range and under the key moving average resistance levels. We continue to monitor the short and look for longs in strong sectors, stocks and earnings breakouts. Because I already have 4 positions, I am a bit more cautious. If you want to take on more positions or feel under positioned, key in on the focus list stocks I mentioned in the video. I will update them in the intra-day report tomorrow even if I do not trade them, as I always do. So remember you can take focus list trades even if I do not.We are in the midst of earnings season and will start to build an earnings breakout watchlist, as we did last season.
Trades
I took partial profits in DIG at $50, moving my stop up to entry level around $46.30. This gives our remaining position a "free ride".
I am still holding DHI, SPXU an RGLS.
Focus list (see video for setup and entries):LOCO, VA, KITE, CMG, PIR, NFLX, BWLD, HABT, NUGT, EDC, BRZUNew Earnings Breakouts:Yesterday's earnings breakout are already off the list. Today's entry is NFLX (see video for entry analysis and stop gunning concerns).
Sector Watch
Emerging markets are back. We are watching Brazil (BRZU) and EDC (see video). Gold miners put in a bearish engulfing and look to pullback. We will stalk an entry in the coming days.
Breakouts
Whis is the earnings breakout list from 2014 4th quarter. We continue to monitor.
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)
