Quick Summary:
Market continues float higher and we remain bullish, but still opportunistic with select shorts. The watchlist is narrowed to 7 stocks. Current positions OAS (earnings tomorrow), TWTR, NUGT, X, FEYE (short), BIS (inverse biotech ETF).
Video Analysis:
http://youtu.be/kesKzyn0zDYI 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 decided not to pullback and continues the float higher. As long as key levels hold, we are bullish until proven otherwise. That does not mean we will not take opportunistic shorts (as we are with FEYE and IBB), but shorts should be few and on small position size.
The game plan remains the same as we continue to look for setups in 2015 earnings breakouts, commodities, retail, semis and biotech.
Trades
I am holding TWTR, X, FEYE (short) and NUGT.
I entered OAS and BIS.
Keep in mind that OAS reports earnings tomorrow and is a risky play--which is why I went very small with this position.
With BIS, we are taking a small "stab" at shorting a strong sector as it puts in a bearish "evening star" candle formation that signals pullback.
2015 Trade Results: http://bit.ly/161Yl4w
Focus List
The focus list (see video for strategy):
LNKD,NANO,UCO,GOOGL,BLUE,BOX,HABT (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Key sectors include biotech, cybersecurity, commodities, semis, retail, and casinos.
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)
