Quick Summary:
SPY break out from pivot range. Took profits in UCO, stopped out of BWLD and SPXU. Entered AU and holding TWTR. Cyber security and casinos in play, as well as commodities. New earnings breakouts setups.
Notes:
Tomorrow I will be on tickertv with Kunal at around 12 pm eastern time, 9am pacific.
Yesterday's video on micromanaging positions and trade management is a must watch for Trade Report members:
Video
http://youtu.be/PyjOYLxg1yUI 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
Mr. Market made it's move without a fake out (as of yet). Today SPY cleared the pivot range we have been watching with ease. While the market is a bit extended, we now have a slightly bullish bias.
Notice the volatility compared to prior ranges. Both with individual equities and index trades, we must keep this in mind and give ourselves some room with stops. We also must stay disciplined and not chase if stocks move without us.
The game plan is to look for pullbacks in select focus list stocks coming from commodities, earnings breakouts, retail and cyber security.
We are in the midst of earnings season and will start to build an earnings breakout watch list, as we did last season.
Trades
I took profits in UCO and was stopped out SPXU on the opening SPY gap and BWLD.
I am still holding TWTR.
Today's entry was AU. AU is a gold miner that has pulled back to the 20 dma. I went with AU instead of NUGT because it is less volatile and I was looking for a "safer" trade since NUGT's underlying ETF, GDX still has room to pullback to the 50 dma.
2015 Trade Results: http://bit.ly/161Yl4w
Focus List
Most setups near entry but on slight weakness. In the video we also discuss possible pullback candle pattern if a bearish engulfing or evening star pattern emerges (see video).
Cyber security stocks in play, as is AMBA which is semiconductor but makes chips for cybersecurity. Also casinos with WYNN and earnings breakout PNK.
LNKD,BWLD,LULU,AMBA,WLL,GTLS,OAS,TX,WYNN,PNK,FEYE,VDSI,PANW,CYBR (see video for setups and strategy)
Q1 2015 Earnings Breakouts:
New additions: SCOR, SKX, IFF, PNK, GNC, FEYE, STMP (see video)
TWTR,LNKD,CBM,MTSI,XLS,GLUU,DATA,ORLY,RTEC,NANO,CYN,INFN,RMD,BWLD,APP,QSII,X,AN,BSET,THOR (see video)
Sector Watch
Key sectors include cybersecurity, commodities, retail and casinos.
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)
