Quick Summary:
SPY breakout continues. We have a slight long bias until proven otherwise. Key sectors include commodities, cybersecurity, retail, casinos. Several earnings breakouts near entry level. Current positions NUGT, TWTR and AU.
Video Analysis:
http://youtu.be/um9vbFRz5WwI 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 continued the breakaway move to new highs on Friday. Until proven otherwise we must assume that this breakout is legit and act accordingly.
The gameplan going into the week is to look for index longs on pullback to the breakout level (using SPXL or SSO) and continue to play earnings breakouts, commodity stocks and ETFs. Unless there is cause for concern on the pullback, I will try to get a little more aggressive than last week.
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 am still holding AU and TWTR. On Friday I added NUGT on the confirmation bounce off the moving average.
2015 Trade Results: http://bit.ly/161Yl4w
Focus List
We start the week off with a wider focus list and will narrow it as the week progresses. This week we start with earnings breakouts near buy levels (LNKD, ORLY, PNK, SKX, RMD, QSII), commodity plays on pullback (X, OAS, UCO, NUGT, WLL, GTLS, WOR, EXH), extended cybersecurity stocks that need major pullback (VDSI, CYBR, FEYE, PANW) and other focus list stocks.
X,OAS,UCO,LULU,BWLD,NUGT,GOOGL,HABT,LNKD,ORLY,PNK,SKX,RMD,QSII,BLUE,CEMP,VDSI,CYBR,FEYE,PANW,FSLR,EXH (see video for setups and strategy)
Q1 2015 Earnings Breakouts:
New additions: JCOM, CFX (see video)
Sector Watch
Key sectors include cybersecurity, commodities, retail, biotech 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
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