Quick Summary:
Markets remount 50 dma. Watch tomorrow for follow through. Still holding SPXU, RGLS, DIG and DHI. GOOGL added to watchlist along with 3 new earnings breakout stocks. Discussion of bottoming formations in video.
Video
http://youtu.be/emE1ig83VjMI 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
Strong day for the market as SPY closed above the 50 dma for what looks like a remount. We will now watch for follow though tomorrow. The game plan is to continue to watch for long setups in strong sectors and focus list stocks.
We are in the midst of earnings season and will start to build an earnings breakout watchlist, as we did last season.
Trades
I am still holding RGLS, SPXU, DHI and partial position in DIG (see video for analysis--notably exit strategy for SPXU if market is up tomorrow).
Focus List
Focus list (see video for setup and entries):
LOCO, VA, KITE, CMG, PIR, NFLX, BWLD, HABT, NUGT, EDC, BRZUToday we added GOOGL to the focus list as a bottom breakout remount setup:
New Earnings Breakouts:LUV, QSII, JBLU, CYN, to go with NFLX from yesterday (see video)note that JBLU is not earnings based.
Sector Watch
Sectors of note: Energy, Emerging markets/Brazil/India, Biotech, Retail and Gold Miners. We also talk about stalking industrial metals like copper and steel for future bottoming plays (see video).
Breakouts
This 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
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