Quick Summary:
SPY pulled back but holding 50 dma. Earnings breakouts at forefront this week. Watching INFN and RMD closely. Some focus list stocks setting up. Looking for entry in sector ETFs gold miners and emerging markets.
Video
http://youtu.be/G2i66ybqfCgI 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
On Friday the markets pulled back after sizable gains during the week. SPY is still holding the 50 dma. This level is key and we will watch closely during the week. The game plan is to manage current positions, watch gold miners and emerging markets for entry, along with earnings breakouts and the focus list. Now that we have 7 earnings breakout stocks, and earnings pickup this week, we will key in on this setup.
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,and partial position in DIG (see video for analysis--notably exit strategy for SPXU if market is up tomorrow).
I exited DHI for a small less than 1R loss on Friday because of Monday earnings.
Focus List
Focus list (see video for setup and entries):
LNKD,CMG,EA,VEEV,YELP,OC,NUGT,AMBA,AGIO,BLUE,LOCO,RGLS,LOW,KITE,KEMP,HABT,LULU,FEYE,WBAI,I forgot to about GOOG on the watchlist as a bottom formation setup. I have also added IPHI and SCMP after analyzing chart requests from twitter followers.New Earnings Breakouts:Earnings breakouts are front and center this week. I will look for good entry in RMD and INFN.BSET, QSII, CYN, INFN, RMD, NFLX, SBUX (see video)
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).
Last Quarter 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
(twitter.com/PaulJSingh)
