Quick Summary:
SPY bounced off yesterday's hammer candle at 20 dma. Focus list and current positions remain the same. The gameplay remains to patiently stock focus list setups.
Video Analysis:
http://youtu.be/XqQBkFhqSZwI 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 bounced off yesterday's hammer formation, albeit weakly on low volume. This does not give us a strong clue for short term market direction. We continue to watch key levels and operate accordingly. Patience is your best friend here.
The game plan is to stalk our focus list looking for good value with low risk, high reward setups.
Trades
I am still holding LNKD, TWTR, BIS, NUGT, FEYE (s).
2015 Trade Results will be updated soon: http://bit.ly/161Yl4w
Focus List
The focus list (see video for strategy) remains almost identical to yesterday with one addition JUNO:
TWTR, UCO, INDL, LNKD, TX, VA, RMD, BLUE, BWLD, AAPL, NFLX, AMZN, GOOGL (see video)
Q1 2015 Earnings Breakouts:
Sector Watch
Sectors in play for trades include crude oil and India: UCO and INDL (see video)
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)
