Quick Summary:
SPY consolidates gains. UCO trade. Still holding TWTR, NUGT, X, AU, FEYE (short). Semiconductors added to sectors to watch.
Video Analysis:
http://youtu.be/QNdY7pr5ugwI 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 pulled back slightly as it consolidates the 11 point move from the 198 pivot low. We continue to have a slightly long bias.
The game plan is to continue to looks for strong setups in commodities, earnings breakouts and focus list stocks. I have added semiconductors as a sector to focus on, and added 3 semi stocks to the focus list.
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 entered and exited UCO for a 8 percent gain.
I am still holding FEYE (short) and long TWTR, NUGT, AU and X (see video for stops discussion).
2015 Trade Results: http://bit.ly/161Yl4w
Focus List
The focus list (see video for strategy):
UCO,DIG,GTLS,WYNN,BLUE,LULU, NANO, FSLR, MPWR, CY, FSL, ANAD (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Key sectors include cybersecurity, commodities, retail, biotech and casinos. We are now also focusing on semiconductors (SMH)
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)
