Quick Summary:
SPY breaks out of consolidation. New high breakout confirmed and gives us overall long side bias in the intermediate term. Wide focus list to start the week culled from commodities, retail, biotech/health, retail, semis. Monday open key for 4 out of 5 current positions near stops.
Video Analysis:
http://youtu.be/izZZa6lydj4I 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 moves out from consolidation pattern confirming the new high breakout. Our bias continues to be to the long side.
The game plan is to continue to looks for strong setups in commodities, semis, biotech, retail and earnings breakouts and focus list stocks.
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 FEYE (short) and long TWTR, NUGT, AU and X (see video for stops discussion).
Morning will be key for all positions except TWTR since they are all near stop levels.
2015 Trade Results: http://bit.ly/161Yl4w
Focus List
The focus list (see video for strategy):
OAS,UCO,BWLD,DIG,X,SSI,TX,WOR,LULU,LNKD,GTLS,NANO,CYN,RMD,ULTA,VA,WYNN,VDSI (see video)
New Addition:
ONCE: stalking pullback entry to breakout level in the $49-50 range. Entry at $50, with target at $56 and stop at $47 offers 2:1 reward to risk. Entry at $49 with same target and entry gives 3.5:1 reward to risk, or target can be adjusted lower to get 2:1. This is a good example of how where you enter effects trade management.
Q1 2015 Earnings Breakouts:
New additions: SAAS, AHS
Sector Watch
Key sectors include cybersecurity, commodities, semis, 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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