Quick Summary:
SPY continues to hold 50 dma remount. Tomorrow focus list stocks plus emerging markets in play, along with earnings breakout INFN. Today's trades include RGLS partial profit, AGIO day trade and NUGT gold miner entry.
Video
http://youtu.be/h-zIDSCrU4gI 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
SPY continues to hold the 50 dma and we continue to wait for a break or continuation off that level. The sectors we monitor were strong across the board.Our game plan for tomorrow and the coming days is to key in on the narrowed focus list, earnings breakouts and manage positions.
We are in the midst of earnings season and will start to build an earnings breakout watchlist, as we did last season.
Trades
Took partial profit in RGLS, moved stop up and letting rest of the trade ride.
Entered AGIO and took full profit after it went up 3.5 points in a short time frame.
Entered NUGT near close off pullback confirmation candle.
Still holding SPXU and partial DIG position.
Focus List
Focus list (see video for setup and entries):
GOOGLE,RGLS,AGIO,NUGT,LOCO,KITE,AMBA,YELPI 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:I will look for good entry INFN tomorrow.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 in a previous 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)
